Suspicions of manipulation are a recurring theme in cryptocurrency markets. In January, U.S. and Israeli researchers published an article in the Journal of Monetary Economics arguing that suspicious trading activity on Mt. Gox—once the world’s largest bitcoin exchange—caused the price of bitcoin to surge to more than $1,000 from around $150 in two months in late 2013. Mt. Gox collapsed in 2014 after hackers robbed it of more than $470 million worth of bitcoin. SMARTS is part of Nasdaq’s market-technology business, in which the New York-based exchange group sells software to other market operators. The surveillance technology is used by equities and derivatives exchanges around the world, including Intercontinental Exchange Inc., Hong Kong Exchanges and Clearing Ltd. and the Nigerian Stock Exchange.

https://www.wsj.com/articles/to-catch-bad-actors-winklevosses-crypto-exchange-teams-up-with-nasdaq-1524652200