U.S. Justice Department launches probe into Bitcoin exchanges and price manipulation

The United States Justice Department has opened a criminal probe that looks to investigate whether Bitcoin traders are manipulating the prices of Bitcoin and other digital currencies. According to sources familiar with the matter who asked not to be named, they said the investigation is focused on illegal practices that can influence prices such as spoofing …

LocalBitcoins exchange begins process to start KYC/AML checking trader accounts

LocalBitcoins.com is a popular Bitcoin exchange within the Bitcoin network because of it’s peer-to-peer exchange setup, where there is no intermediary as there is normally with other exchanges where the exchange itself acts as a centralized third-party to facilitate trades. In a post yesterday on social media, LocalBitcoins traders began warning each other that if …

13 Bitcoin related exchanges are named in New York Attorney General’s probe

In an interesting turn of events, the State of New York Attorney’s General has named 13 Bitcoin related exchanges that they will be investigating in a probe to attempt to “improve transparency and accountability of major cryptocurrency trading platforms.” The letter sent from Attorney General Schneiderman names the following exchanges: (1) Coinbase, Inc. (GDAX) (2) …

Bitcoin tops $5000 for the first time, then quickly drops down to $4500

Bitcoin is experiencing exponential growth, reaching a new all time high in the history of the digital currency. On a few Bitcoin exchanges, the price topped $5000 USD per unit (per bitcoin). As pictured in the price chart below, you can see the extreme price spike as Bitcoin has topped $5000 on the exchanges OKCoin, LakeBTC, The …

BTC- exchange administrator arrested for money laundering

News today is breaking that the admin for the Bitcoin exchange BTC-e has been arrested for money laundering. Things started yesterday when BTC-e took down the entire exchange saying the site is under unplanned maintenance, as pictured below. Shortly after people on Twitter began to further speculate something was wrong, when tweets starting showing up about 66,163 …