**BTC NEWS UPDATE**SEC Says Crypto Exchanges MUST Register With Agency = Bitcoin and Altcoins major drop!!
Hello Steamians!! I want to bring to you the latest new about whats going on in the crypto sphere.
Now as you all may have noticed, the price today for Bitcoin and most Altcoins has dropped dramatically.
What i have for you is a quick look at whats going on right now that might interest all you cryptomaniacs out thier!!
You must also check out the link i leave at the bottom for you on this main article about this.
"The dramatic price drop occurred shortly after the Securities and Exchange Commission said it will require cryptocurrency exchanges to register with the agency."
As we all know these platforms or exchanges are unregulated and the SEC want to change that... They have released a statement apparently saying they are going to change that.. The statement reads as follows from the SEC,
"If a platform offers trading of digital assets that are securities and operates as an 'exchange,' as defined by the federal securities laws, then the platform must register with the SEC as a national securities exchange or be exempt from registration."
The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not. Many platforms refer to themselves as "exchanges," which can give the misimpression to investors that they are regulated or meet the regulatory standards of a national securities exchange."
So honestly I would like to hear peoples opinions on what they think about this because most coins have really took a beating after they released that statement and im not really sure why that would happen... i mean we all know that their are whales out this really manipulating the price, but at thee end of the day you should know what your doing and not get caught up in FOMOing and letting the whales eat u alive!!.. Also remember to only invest what you can afford to lose!! in other words dont sell your house for a coin!!! ..
With that being said , also on this artical i found out that a coin called viacoin is like the only coin that is up 46% since the release of the article. i have not done my research on this coin yet but i sure will as soon as i am done here...
You guys must take a look at the whole artical about all this I really just wanted to share this with everyone so that we all know what is going on ATM if you are curious this is it..
The link to this info that i just shared with you is here @ https://www.investopedia.com/news/bitcoin-price-tumbles-cryptocurrency-bloodbath-continues/
Also tell me What you think about all this and Why is that Viacoin doing soo good?? please add to this guys thanks alot!!
Remember if you are invested for the long term this should not phase you and also i need to say that i am not a financial advisor and i am only stating my opinions.
if you liked my post please make sure to Please UPVOTE and FOLLOW guys i will appreciate it and i will be posting more new about crypto soon!!! thanks again everyone!!!
BUY BITCOINS WITH EASE HERE WITH CONBASE https://www.coinbase.com/join/59fed2d38dfb7900d9779556
BTC MINING @ https://hashflare.io/r/7CCAFE58
Sign up for binance and trade altcoins here @ https://www.binance.com/?ref=12178062
DONT FORGET TOKIA ICO !! http://wallet.tokia.io/Referal/6f4b4cd0-0beb-425d-a6dc-768afd54e3be