May 24, 2018 — ADVFN Crypto NewsWire — It just might finally be true that the “Wild West” of Crypto is coming to an end. Bloomberg, Coin Telegraph, as well as other news outlets, reported today that the U.S. Department of Justice has officially launched an investigation into the price manipulation of Bitcoin and Ethereum.
Many of us might be saying that it’s been a long time coming. It’s true that the only ones who should be afraid are those who have been skirting the rules including people who have been joining “Pump and Dump” groups on Telegram and other apps like Discord.
The first outlet to break the news about the investigation was Bloomberg, which cited four specific critics who chose to remain nameless, though they made sure to state that they believe that skirting the law is a normal state of the Crypto market.
It should be made clear that the investigation is meant to be wider reaching than simply looking into “Pump and Dump” groups. Reports state that it will look into just about any activities that could affect market prices, in theory