The head of the Bank for International Settlements calls on central banks to prevent crypto from joining mainstream finance, comparing Bitcoin to a “Ponzi Scheme” (Cointelegraph).
UAE’s Securities and Commodities Authority warns investors of ICO’s high volatility, lack of regulation and misleading offers (Cointelegraph).
At the meeting of the Senate Committee on Banking, Housing and Urban Affairs on Tuesday, the SEC chairman asks for additional legislation over cryptocurrency market (Coindesk).
The SEC, seeking ot protect investors from scams, struggle to pose regulation because of the unclear definition of what Bitcoin is, or what it does (CNN Money).
On Tuesday, Bitcoin’s price rose from $5,920 to $7,260 (up 6 percent) leaving optimists to say the lower prices will entice investors (Reuters).
The billionaire investor says it may be his age, but he would not even consider investing in cryptocurrency (CNBC).
Nashville lawmaker wants to make it official that Tennessee accept electronic cryptocurrencies for financial transactions (The Tennessean).
In the wake of the US Senate Committee of Banking, Housing and Urban Affairs hearing, industry observers were “sighing a breath of relief” (Coindesk).
Cryptocurrency scheme is a part of a wider UN effort to revolutionize aid with Blockchain technology, increasing financial transparency (The Guardian).
Analysis of Crypto market drop, and the recent bank action in relation to cryptocurrency (Forbes).
A man with no background in finance or computers watched his Bitcoin value drop from $600,000 at Christmas to $160,000 this week (Sky News).