US opens criminal probe into bitcoin price manipulation: Bloomberg

Finance


The price of bitcoin fell on the news to $7,339, and was down more than 6 percent, according to bitcoin exchange Coinbase.

Volatility in the cryptocurrency market has led to scrutiny from authorities around the world, who are scrambling to figure out ways to clamp down on speculative trading and illegal activities.

The Department of Justice was not immediately available for comment when contacted by CNBC.

You can read the full report by Bloomberg here.



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