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 …

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 …

Total Bitcoin trading volume surges beyond $1 billion as bull run continues

Bitcoin is starting break new records again. This morning Bitcoin surged beyond the $1 billion marker for total amount traded in U.S. dollars. As visualized in the chart below, from the start of the month of July total Bitcoin trades (all buys and sells across all major exchanges) has been in the range of $200-$400 …

Bitcoin is at it again, experiencing extreme price volatility as August approaches

Anyone that has followed Bitcoin over the years knows that price volatility is guaranteed. But as the summer months of Bitcoin typically cool down, this summer is different as things are heating up causing huge fluctuations. Going back two years ago to former Bitcoin developer Mike Hearn’s blog post, he explains how Bitcoin is cyclical where …

Chinese Bitcoin exchanges resume trading, price begins to go up

In the early part of February of this year, Chinese Bitcoin exchanges were forced to stop withdrawals as the People’s Bank of China (PBoC) wanted to inspect them for regulatory compliance. Four months later three big Chinese Bitcoin exchanges have now resumed trading. The announcement came from a correspondent on Twitter who said Chinese exchange …