Bloomberg News – 2 days ago – Bloomberg.com – 2 hours ago Goldman Sachs Group Inc., the largest bank by assets and the largest U.S. employer by payroll, has agreed to pay $2.9 billion to resolve a civil lawsuit over allegations that it improperly manipulated the price of bitcoin.
The settlement agreement between the New York-based bank and U.C.L.A. and the SEC was reached on Wednesday in Manhattan federal court.
The bank is also facing criminal charges.
In May, the SEC accused Goldman of using bitcoin to make bets on derivatives and to “unfairly increase its own profits by manipulating the price” of the digital currency.
Bloomberg has more details.