Bitcoin: $6420 mark reached

Another historic maximum of first cryptocurrency reached
31 October 2017   575

On Tuesday, October 31, Bitcoin updated the new price maximum. At the 14:33 GMT, 31.10.2017, price of BTC at Bitfinex reached $6420.0. Market capitalization at the same time is over $ 105 billion.

Bitfinex Bitcoin price chart
Bitfinex Bitcoin price chart

The rise in the price of BTC is taking place against the backdrop of fresh news that the CME Group plans to launch Bitcoins futures contracts trading by the end of the year.

At the moment of press, average Bitcoin price is $6379.09 with $1.8B 24 hours trading volume.

24 hours Bitcoin average price chart
24 hours Bitcoin average price chart

Last price record ($6330) was detected at Sunday, 29.10.2017. 

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   126

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission