Bitcoin Drops Below $40,000 Again – FBI Establishes Special Crypto Team

Bitcoin falls below $40,000 again Bitcoin fell 1.83% at 5:20 a.m. today (Feb. 19), hovering at $39,940.3 before gradually rising.

Bitcoin prices continued to move in a negative direction this morning after the Dow Jones Industrial Average fell 232 points on Friday as investors remain concerned about the situation in Ukraine.

  • Dow Jones Industrial Average fell 232.85 points or 0.7% to close at 34,079.18 points.
  • S&P 500 fell 0.7% to 4,348.87 points.
  • NASDAQ fell 1.2% to close at 13,548.07 points.

Recent crypto moves – the FBI plans to form a special team to fight crypto crimes after a massive Bitcoin seizure.

The US Federal Bureau of Investigation (FBI) will establish a special team for cryptocurrencies. It will be tasked with tracking, arresting, and seizing illegal cryptocurrency activities, with a number of U.S. agencies stepping up their efforts to regulate cryptocurrencies.

The United States will set up a Virtual Asset Exploitation Unit (VAXU) after the Department of Justice arrested some illegally laundered Bitcoins stolen in a hack of Bitcoin exchange service Bitfinex. With over $4.5 billion in Bitcoins, it was the largest seizure by the U.S. Department of Justice to date.

U.S. Deputy Attorney General Lisa Monaco revealed plans to create VAXU at a cybersecurity conference in Munich, Germany. The new agency will attract cryptocurrency experts and will operate in a single command center capable of providing tools, analyzing blockchains, seizing digital assets, and training FBI agents, she said.

Numerous U.S. regulators have aggressively scrutinized the cryptocurrency industry after last year’s cyberattack on a U.S. pipeline and the world’s largest meat producer, JBS SA, in Brazil. The hackers demanded a ransom in bitcoins.

The Spot Market is Closed

Saturday, February 19, 2022

Crypto
Updated at
USD
Price

Change

%Change
11.00 BTC40,167.92-320.67-0.79
11.00 ETH2,807.53-93.98-3.24
11.00 LTC116.39-4.82-3.98
11.00 BNB402.86-2.40-0.59
11.00 XRP0.79+0.01+1.28
11.00 ADA1.00-0.02-2.24
11.00 DOT18.02-0.30-1.64
11.00DOGE0.140.00+0.43
11.00 UNI10.32-0.28-2.64
11.00 LINK15.39-0.39-2.47

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