Digital currency prices fall after SEC warns about exchange dangers Bitcoin Tube.net

Bitcoin Fungibility and the Wasabi Wallet with NoPara73!

Digital currency prices fall after SEC warns about exchange dangers

The values of many digital currencies took a tumble after the U.S. Securities and Exchange Commission (SEC)

that platforms used to trade digital currencies need to be registered. Bitcoin dropped 6.65 percent to $10,082 after the warning, Ethereum fell 7.55 percent to $756.29, and Bitcoin Cash dropped 9.14 percent to $1,095.77. Waltonchain, Hshare, and IOStoken took the biggest hit with a value decline of more than 22 percent over the last 24 hours.

According to the SEC, digital currencies are deemed as investments, or securities, because each digital coin has a value that rises and falls like stock. Even more, many platforms for swapping digital currencies for cash or other cryptocurrencies fall under the “exchange” umbrella as defined by federal securities laws. These platforms should either register themselves as a national securities exchange or be exempt from federal protection.

“The SEC staff has concerns that many online trading platforms appear to investors as SEC-registered and regulated marketplaces when they are not,” the SEC states. “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.”

The SEC notes that many cryptocurrency exchange markets claim strict standards regarding trade, but investors should be aware that these standards are not equal to or meet the same standards enforced by an SEC-registered national securities exchange. Even more, said markets provide books regarding updated bid and asking pricing along with the related data, yet there’s no guarantee that they have the same “integrity” as those provided by an SEC-monitored exchange.

As an SEC-listed platform, a cryptocurrency trading market will have rules in place to prevent fraudulent and “manipulative” trades. That includes means for disciplining investors, exchange platform members, and all associated individuals. The market also must comply with the SEC’s rules while also submitting its own rules to the government agency.

But the SEC’s statement issued on Wednesday warns of a mix-and-match method involving platforms registered with the agency, and services that don’t fall under the official exchange” banner, but still deal directly with SEC-registered platforms. These services would include digital wallets that receive, hold, and transfer digital currency.

“In advancing the SEC’s mission to protect investors, the SEC staff will continue to focus on platforms that offer trading of digital assets and their compliance with the federal securities laws,” the SEC added.

The many cryptocurrencies available are decentralized, meaning there is no central agency managing the monies, like a bank. The coins are also protected by cryptography, meaning the monies can’t be traced back to a specific individual. But the SEC’s new encouragement for trading platforms to register with the government indicates a rising interest from Uncle Sam, which recently cracked down on companies selling initial coin offerings, or ICOs.

 to companies, lawyers, investors, and related individuals who may have violated securities laws through these token sales. According to the SEC, all digital currencies should be listed as securities and registered with regulators.

South Korean cryptocurrency exchange loses $40 million in hack

Money-laundering ‘Bitcoin Maven’ receives one-year prison sentence

Disney Play: Here's what we know so far about the upcoming streaming service

Can a Chromebook replace a laptop in a photographer’s workflow?

The best shows on Amazon Prime right now (September 2018)

The Samsung CF791 is still the best ultrawide monitor you can buy

With features like quantum dots, a massive 1440p display, and a deep curve, the Samsung CF791 aims to impress. Getting a price cut down to $750, this ultrawide monitor is an even sweeter deal. Even still, it's an expensive monitor to invest…

'Prime'-time TV: Here are the best shows on Amazon Prime right now

Amazon Prime brings more perks than just free two-day shipping. Subscribers get access to a huge library of TV shows to stream at no extra cost. Here are our favorite TV shows currently available on Amazon Prime.

The best shows on Netflix in August, from ‘Dark Tourist’ to 'Disenchantment'

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.

Purchasing a used smart speaker? A hacker could be listening to you

Purchasing a used smart speaker might lower the price tag, but security experts warn that many of the devices are easy to manipulate and can be turned used to spy on unsuspecting consumers. Bitcoin Tube.net

Mercedes-Benz Digital Light LED headlights display messages on the road

Mercedes-Benz introduced the Digital Light feature with computer-controlled HD headlights with one million micro-mirrors each. Available on the 2018 Mercedes-Maybach sedan, Mercedes-Benz introduced the Digital Light feature with computer-controlled HD headlights with one million micro-mirrors each. Available on the 2018 Mercedes-Maybach sedan Bitcoin Tube.net

Nvidia’s RTX 2000 GPUs look like A.I. hardware dressed up for gamers

instead of its core gamer audience? Bitcoin Tube.net , instead of its core gamer audience?

CES may be the largest consumer electronics show in the U.S., but IFA owns bragging rights as the largest CE show outside the states. In 2018, the show will run Aug. 31 to Sept. 5, and because of its timing (just in time for buyers to…

Upgrade your gaming rig with our favorite graphics cards for every budget

If you're serious about games, a good graphics card is essential. There’s no one-size-fits-all option for graphics cards, but our recommendations can help you pick from the best graphics cards for your needs.

Open RAR files with ease using these great applications

Few things are more bothersome than not being able to open a file when you need it most. Check out our quick guide about how to open RAR files in Windows and MacOS. We will walk you through it, step by step.

Looking for a good read? Here are the best, most eye-opening books about tech

Sometimes it's sensible to put down the gadgets and pick up a good old-fashioned book -- to read about the latest gadgets, of course. Here are the tech books you need to check out. Bitcoin Tube.net

You can finally record calls in Skype. Here's how to do it

Skype may be the premiere voice-over-IP service, but it doesn't include built-in software for recording audio or video calls. Here's how to how to record a Skype call using a variety of tools, including some freemium software.

Awesome Tech You Can’t Buy Yet: UV-sensitive tattoos and ultrasonic washing machines

Check out our roundup of the best new crowdfunding projects and product announcements that hit the Web this week. You can't buy this stuff yet, but it sure is fun to gawk!

Fix your wrist aches and pains with one of these top ergonomic mice

If you have a growing ache in your wrist, it might be worth considering changing up your mouse for something ergonomic. But which is the best ergonomic mouse for you? One of these could be the ticket to the right purchase for you.

Best Buy? Amazon? Apple Store? Here are the best places to buy a laptop

Not sure where to start your laptop hunt? Take a look at the best places to buy laptops, and why they made our list. From excellent shopping tools to great customization and useful reviews, these are the sites to stop by when it's time for…