Federal prosecutors are working with the Commodity Futures Trading Commission, a financial regulator that oversees derivatives tied to Bitcoin, the people said. Bitcoin extended its Thursday declines after Bloomberg News reported the investigation, and was down 3% to US$7,409 as of 9:32 am London time. Still, digital coins continue to be a global investment craze, drawing legions of loyalists to industry conferences, generating celebrity endorsements and increasingly attracting the attention of Wall Street. In spoofing, a trader submits a spate of orders and then cancels them once prices move in a desired direction. “There’s very little monitoring of manipulative trading, spoofing and wash trading,” Griffin said.

Source: The Star May 24, 2018 09:22 UTC