#Bitcoin edges lower, then pares some losses, after news that SEC is probing cryptocurrencies...!

in cryptocurrency •  7 years ago 

Bitcoin slipped on Wednesday following news that the U.S. Securities and Exchange Commission is probing the cryptocurrency market.

The Wall Street Journal reported Wednesday evening ET that, as part of that investigation, the SEC has issued "scores of subpoenas" to obtain information from technology companies and advisers tied to the digital currency markets.

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"A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation," Clayton warned...Click here to know the details story

Cheang Ming

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