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The Department of Justice is investigating traders for criminal price manipulation of bitcoin, working with the Commodities Futures Trading Commission, Bloomberg reports. 

Why it matters: Government regulators have been playing catch-up to the booming crypto market, but this suggests they're determined to make up lost ground.

Report: DOJ, CFTC target bitcoin price manipulation

Regulators have been slow to jump on cryptocurrency problems.

Two Bitcoin ATM machines, one yellow, one green, in Hong Kong

A Bitcoin ATM machine in Wan Chai, Hong Kong. Photo: SOPA Images/via Getty Images

Technology

Bitcoin

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The Department of Justice is investigating traders for criminal price manipulation of bitcoin, working with the Commodities Futures Trading Commission, <a class="gtmContentClick" data-vars-link-text="Bloomberg" data-vars-click-url="https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe" data-vars-content-id="5c276d9a-024b-476b-bfbd-8c56571de573" data-vars-headline="Report: DOJ, CFTC target bitcoin price manipulation" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bloomberg.com/news/articles/2018-05-24/bitcoin-manipulation-is-said-to-be-focus-of-u-s-criminal-probe" target="_blank">Bloomberg</a> reports. Why it matters: Government regulators have been playing catch-up to the booming crypto market, but this suggests they&#x27;re determined to make up lost ground.

Report: DOJ, CFTC target bitcoin price manipulation

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