Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, Sound Ventures & Ripple donate US$4 million to Ellen’s Wildlife Fund. The U.S DOJ launches a probe into digital asset market manipulation.
Ashton Kutcher’s Sound Ventures announced an investment in Ripple. Praising the companies the simplicity, security, and speed. The two companies also donated US$ 4 million to the Ellen DeGeneres Wildlife Fund, transferring the funds live through the Ripple network.
The German market operator is taking a cautious approach to adding digital assets to its marketplaces. The company looks to understand the underlying transactions before they follow the CME and CBOE in adding product offerings.
The investigation will focus on illegal practices used for manipulating prices in the market. The Justice Department will be working with the CFTC to identify the possibility of spoofing and wash trading.
The Monetary Authority of Singapore has issued a warning to eight exchanges facilitating trading without approval. The regulator has stepped up enforcement as initial coin offerings continue to rise in the country.
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