In this week’s bitcoin review, we take a look at a recent ruling by the Federal Election Commission (FEC) on political donations and a laundry list of concerns recently published by the U.S. Securities and Exchanges Commission.
Bitcoin may be risky, but it’s coming to an election near you
It’s well known that the SEC isn’t the world’s biggest fan of bitcoin, after it first labeled it a Ponzi scheme in July 2013. On Wednesday, the commission followed up on that investor alert with a new one on the high investment risk associated with bitcoin and other alternative currencies. Their warning targeted both people getting into the space and those who have been in it for awhile:
The exchange rate of U.S. dollars to bitcoins has fluctuated dramatically since the first bitcoins were created. As the exchange rate of Bitcoin is significantly higher today, many early adopters of Bitcoin may…
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