Wall Street And The Manipulation Of Bitcoin
There has been a lot of talk recently in a lot of crypto communities. On most social media platforms, many enthusiasts have made claims that Wall Street is behind the turmoil that the market has experienced these past few weeks. These rumours and speculation theories have been going on for years now when CME Group and CBOE began to offer Bitcoin futures in December last year. At the same time, this was when we saw Bitcoin reach the $20,000 mark. Many see this as the start of the bear market and the start of the 2018 market crash.
If we look to the Securities and Exchange Commission (SEC), they are yet to set in stone guidelines and regulations as to how Bitcoin and the rest of the crypto market should be managed in the United States. Nevertheless, the commission can be lauded for taking a stand regarding ICOs and categorising them as securities offerings. This resulted in many looking into over-hype ICOs which has left people in financial tatters. The SEC even settled with the…
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