The SEC released an investigative report on Tuesday that is likely to pop a growing bubble in digital coins, and could hurt the prices of Bitcoin and Ethereum.
The report says that many new digital coins appear to be securities, meaning they're subject to laws requiring disclosures and other protections for investors.
Government need to CONTROL the money. Why did they WAIT this long to F with this ???
http://www.barrons.com/articles/the-sec-may-have-just-popped-the-digital-coin-bubble-1501021510?ref=yfp
A lot of people are getting and going to be skinned with ICO's based on the back of ETH.
It will have an impact on ETH. Not sure how much.
Suppose it's similar to people losing out big in the dot com rush all those years ago.
I mean, just look at this 30 minutes:
https://motherboard.vice.com/en_us/article/evd5je/an-ethereum-token-called-fuck-raised-dollar30000-in-30-minutes
related: I've nearly had to filter *coin theft from my news feed the last month. These were multi-million $$ heists. There were at least 4 separate incidents, maybe more. And the media goes apeshit and spawns stories on a 1000/1 ratio.
No thanks. I'm not interested in vaporcoins.