>> US regulators on Thursday warned investors in BitCoin and other cryptocurrencies to exercise caution or they could lose their shirts. The securities and exchange commission in a statement said that bad actors lurk among those peddling initial coin offerings and other cryptocurrency investments. Who are not following federal and state securities laws, the SCC adding, if you lose your money, it may not be able to help get it back.
Bitcoin jitters on Thursday also stretched across the globe to Israel where authorities proposed banning companies that invest in or mine Bitcoin from the Tel Aviv stock exchange. The move came after a sharp rise in shares of company block chain mining which said, it would shift from mining for gold and iron to mining cryptocurrencies.
The Israel Securities Authority or ISA expressed concern that soaring share prices of big coin companies are irrational and that big coin prices were behaving like a bubble. The warnings are just the latest from regulators around the world which have prompted huge swings in the value of the crypto-currency.
BitCoin surged in mid-December to a record high near $20,000, then dropped to less than $12,000 at the end of the month. It has since recovered some to $15,000.