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Crypto Losses Mount, Most Investors Underwater According to New Study

Crypto peaked a year ago — investors have lost more than $2 trillion since. Most retail investors using crypto exchange apps have lost money on Bitcoin, a new data study suggested. About three-quarters of users are likely to have lost money on their investments in cryptocurrencies, according to data crunched by the Bank for International […]

Bank of England Warns of Crypto Risks

Fast-growing crypto-currency assets could pose a danger to the established financial system, a senior Bank of England official has told the BBC. Although not much of UK households’ wealth is currently held in assets such as Bitcoin, they are becoming more mainstream. Deputy Bank governor Sir Jon Cunliffe stressed that crypto-currencies had been “growing very […]

SEC charges Bitcoin promoter with offering unregistered securities

The Securities and Exchange Commission today charged the co-owner of two Bitcoin-related websites for publicly offering shares in the two ventures without registering them.   An SEC investigation found that Erik T. Voorhees published prospectuses on the Internet and actively solicited investors to buy shares in SatoshiDICE and FeedZeBirds.  But he failed to register the offerings […]