Us government has start probe in manipulation in value of cryptocurrency .

[rajkr]

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

[hugeblack]

News influences the decisions and feelings of traders and thus the price of Bitcoin.
Personally, I agree with this type of regulation especially against FUD, ICOs, and fake bumping.
If this news is real and the implementation in very large, the price will fall in the short term but will grow healthy in a long time." will be the beginning of the acceptance of the Bitcoin in dealing."

[RodeoX]

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.

[dothebeats]

In a relatively unregulated and globally-active market, why would the US spearhead the probe into illicit trading? This means they already have interests on the said market and are looking for ways to tax the exchange operators hard alongside the users. What I want the US to do is a major crackdown on illicit ICOs as they're the ones who's causing major trouble in the cryptospace right now, and market manipulation will always be there no matter how many investigations and probes they'd do. Also, have a peek on traditional stock markets and see whether market manipulation is present or not.

[LeGaulois]

I think they are focusing on ICOs and alt-coins, which are generally scams about manipulating price, supply, etc. It would be very healthy for the crypto world if they locked up a bunch of these scammers.

Not only ICO and altcoins but all cryptos and to be more specific they are focusing the Exchanges platforms to fight against traders who practice "spoofing" and "washing" methods, making fake orders, etc.
But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC

[yesyes18]

Inthink it can affect the price of BTC after. Governments are really working hard to provide a check on scamming in crypto and most especially volatility (they want to make it become like the stocks market). Anyways the fact is do we really want to loose the volatility? I think it shiuld be the next discuasion 

[carlozharz]

I still vaguely understand the meaning of the manipulation of the value of cryptocurrency, I think fraud often occurs in the crypto through ICO, I fully support all the rules that will be determined by the government, this needs to be done so that fraud can be prevented. and even eradicated.

[Hydrogen]

What ever happened to the US investigation on tether (usdt) and bitfinex from january 2018?

Its been 5 months with no news or update on either. The media made especially strong accusations against tether, claiming $80 billion in tether was utilized in buying bitcoin to keep btc's price overvalued. It is possible these "investigations" are merely FUD or politically motivated smear campaigns against crypto currencies.

If real evidence against tether had been found by now, it might make sense that they would have published it. The same with the media driven claim of russia "hacking" the US 2016 presidential elections. The media talked about that forever despite never finding any real evidence that such a thing took place.

[Mpamaegbu]

Yep! I really was overwhelmed in a "flabbergastic" manner when I saw that news flash on TV today. So glad this is coming at a time when so much scams are struggling to ruin the crypto industry for all. It is now obvious that no matter what anyone says about the US, the industry still needs America to make a bold statement on the way forward for cryptocurrency to record more milestones. The probe is a welcome development.

[Tankdestroyer]

But the US govt can't control every exchange, especially the ones out of The US which have nothing to do with the SEC or CFTC

I think they are just wasting their time trying to control every exchange. Instead of probing into the so-called "illicit tactics" of crypto traders, why not they track down "scam ICO's" first? Why focus on "ilicit tactics" when they can easily formulate a more strict regulation or implement regulations on crypto to fiat transactions that will help them limit the capabilities of what they refer to as "Illicit traders"?

[Pinoyfan]

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

Yes. sadly US government know what are the value of crpytocurrency especially in the future thats why they manipulating it. they buy large amount of token say they will become a crpytocurrency whales. thats not fair. they should have to work hard its unfair for those other trader cause they controlling the amount of tokens and its value

[jmigdlc99]

Doesn't take a genius to see that crypto can be quite easily manipulated by those "whales." You can even read about these pump and dump scandals where people were caught red-handed before they were able to dump on unsuspecting investors.

I'm quite positive that this is good news for crypto and hopefully this scares off manipulators who deserve to be behind bars.

[Sadlife]

This could actually be a good thing cause scammers will get what they've deserve and not freely doing illegal things like creating fake ICO's, causing FUD and cloud mining sites this is the reason why most people call crypto currency scam. The price fall because of this but it will have a good effect in long term basis.

[The Sceptical Chymist]

Yes. sadly US government know what are the value of crpytocurrency especially in the future thats why they manipulating it.

They're not manipulating it.  Read.  They're looking into possible market manipulation and as RodeoX has pointed out, it's more about the ICO market than bitcoin.

I suspect that if this news is going to affect traders' behavior, it's already been priced in.  I'm not a firm believer in efficient markets, but in this case I don't think we're going to see any ups or downs because of the US government "probing" anything.  

Dammit, we do need some good news.  The current price of bitcoin has my toenails curled for about 14 hours per day.

[boksoon]

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

First of all no one should manipulate the price of crypto currency. only the investor and trader or miner of crypto has able to make a motion for moving up and down the price do not believe to the news that there is one agency to manipulate this.

[HabBear]

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC

Technically, any news about bitcoin can affect the price.

But let's be clear about what's going on here. The US Justice Department ONLY has jurisdiction and capability to investigate manipulation int he futures markets, which isn't related to the blockchain at all. None of the futures trades ever touch the blockchain, therefore any manipulation of futures orders cannot directly impact the price of bitcoin on the blockchain.

[Rossy Akbar]

It sounds pretty awesome tho, but actually it must be secret. So anyone who will going to do it doesn't even know if there are some government will spying at them. Well,  about the price it should be a lot of changes then. I hope this thing will happens in each country so they can work together for bitcoin prices.

[gambitcoin53]

yes it will slightly affect btc, the question is, is it good or bad? is it to increase or decrease investments? if this probe is legit, some ICO will be regulated, it will boost trust on the community, trust in bitcoin, which will result in increase in buying btc, so the price will tend to go up which is obviously good for the traders, it is going to be a good chance to earn more profit.

[Bitcoincole]

Us government  has start probe in manipulation in value of cryptocurrency .will it effect the BTC
https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe

First of all no one should manipulate the price of crypto currency. only the investor and trader or miner of crypto has able to make a motion for moving up and down the price do not believe to the news that there is one agency to manipulate this.

Exactly, i believe that no one can manipulate the value of coins in market capitalization. Because its purely people of cryptocurrency who invested in a big capatal will create a massive price up and down which the volume affects the whole stocks exchange in the market. However, it should be part of US protocol to start conduct an arrest warrant for those members of cryptos who are scammers to avoid victims of scam ICO.

[starblocks]

That article is correct a lot of ICO's are illegitimate in that they don't deliver what they promise or are a straight out scam and eliminating these would be healthy for the market as a whole just as much as regulating exchanges to eliminate manipulative trading activities