<Anchor> In
the words of Elon Musk, who competes for the first and second place in the world's richest man rankings, the cryptocurrency market is fluctuating day after day.
With accusations of being unbelievable, the U.S. government has launched an investigation into the world's largest cryptocurrency exchange on charges of money laundering.
For more details, this is reporter Kim Kyung-hee.
<Reporter> The
New York Times criticized Elon Musk, who declared that the method of mining cryptocurrency is negatively affecting the environment due to the surge in fossil fuel use, and that the New York Times is an unreliable person.
The newspaper has questioned why it was making this decision at this point, saying that the climate problem that Bitcoin is causing is not a secret.
In particular, Musk said in a statement that he would not sell the bitcoins held by Tesla, but emphasized that he would watch Tesla's second quarter earnings announcement to see if he had sold bitcoins before the announcement of the suspension of payments.
Despite criticism from the media and public opinion, Musk tweeted again today (14th) to stir up the cryptocurrency market.
It was analyzed that the intention was to kill Bitcoin and launch Dogecoin, but the market responded as it was.
The news that Binance, the world's largest cryptocurrency exchange, is being investigated by authorities also shook the market.
Binance has acknowledged reports that the US Department of Justice and the IRS have launched an investigation into Binance through consultations such as money laundering.
The German Financial Supervisory Service also said it is investigating the issue of Binance's'stock token'.
We are interested in how the U.S. and German investigations will have an impact on the financial authorities of each country, which have virtually watched the virtual currency market.
(Video editing: Seungjin Lee)