..

SEC Investigating Cryptocurrencies

Written by:
Guest
Published on:
Feb/28/2018

The U.S. Securities and Exchange Commission is looking into the cryptocurrency market, the Wall Street Journal reported.  Scroll Down

Bitcoin slipped following the news, but subsequently pared some of those losses with the digital currency last trading at $10,335.35 Wednesday evening Eastern Standard Time.

Dozens of subpoenas and information requests to technology companies and advisers involved in the red-hot market for initial coin offerings have been issued.

These ICOs allow cryptocurrency start-ups to raise funds through the issue of digital tokens.

- Gilbert Horowitz, Gambling911.com

Business/Financial News

Critics Question Utility’s Bitcoin-Mining Data Center

Missouri’s largest utility has set up a data center at the site of one of its coal-fired power plants that it is using to mine the Internet for bitcoins.

Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards

Mastercard Expands Cryptocurrency Services With Wallets, Loyalty Rewards

Mastercard Inc said on Monday it would allow partners on its network to enable their consumers to buy, sell and hold cryptocurrency using a digital wallet, as well as reward them with digital currencies under loyalty programs.

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin Notches Record High, Day After U.S. ETF Debut

Bitcoin climbed to a record high on Wednesday, and the first U.S. bitcoin futures-based exchange-traded fund (ETF) built on gains after a solid debut on Tuesday.

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Bitcoin Bull Mark Yusko Sees Trouble at $60,000

Speaking to CNBC this week, hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks.

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

U.S. Becomes Largest Bitcoin Mining Centre After China Crackdown

The United States has overtaken China to account for the largest share of the world's bitcoin mining, data published on Wednesday by Britain's Cambridge Centre for Alternative Finance showed.

Syndicate