Wednesday, February 19, 2020

USA SEC Offers Crypto Advice; Says Not To Trust In Celebrities.

BTCNN
BTCNN
BTCNN aim to be the key source for both digital currency experts and newbies. With the cryptocurrency industry growing so fast we want to educate our readers about all the latest developments as they happen.

Lori Schock, Director of the SEC’s Office of Investor Education and Advocacy posted today an article with an informal and clear language addressing the subject of investing in cryptocurrencies. In this article, she exposes the potential risks of putting money into crypto, and also the drawbacks of these new kinds of investment instruments.

The article states that “the most important thing to know is the cryptocurrency-related investment markets are very different than our regulated securities markets.  For example, our securities laws provide important protections that you may not be getting when dealing in cryptocurrency-related investments. In many cases, you may not know exactly who you are dealing with, where your money is going or what you are getting in return.”

It also criticizes celebrity endorsement of some crypto-coins and reinforces the idea of doing your own investigation before investing. Common sense is the best ally into this.

To conclude, the article states that investors should tread lightly, diversify their portfolio, and never invest what they can’t afford to lose. You can find the original article here.

Latest News

CVB Financial Corp. Announces Appointment of David A. Brager as new CEO Effective March 16, 2020

David A. Brager, Executive Vice President & Sales Division Manager, will succeed Christopher D. Myers, who is scheduled to...

Nigeria Leads Other African Countries in Regards to Crypto Adoption

Several countries around the world have embraced Bitcoin with open arms, likewise, the "Giant of Africa", Nigeria. Recent data shows that the West African...

How Bank of America’s Partnership with RippleNet could Optimize Cross-Border Payments

Key Points Bank of America to speed up its cross-border payments using RippleNet. The maiden stage of the service will apply only to America...

Europeans Launch First POS Terminal with Bitcoin Payment Option

Ingenico, a French-based payment services company and Salamantex, an Austrian Fintech company have collaborated to launch a point-of-sale (POS) terminal. This POS terminal is...

Bitcoin Thriving In Coronavirus Crisis, Is It All Related?

On the 31st of December 2019, the day the deadly Coronavirus disease (COVD-19) was first identified in China, Bitcoin price value stood at $7251.95. Today, Thursday 19th of February, 2020, Bitcoin price value currently rests above $10,100.
- Advertisement -