cryptocurrencies

courtsey: Securities and Exchange Commission

Stock fraud, quarterly financial results and crypotcurrencies were a few of the topics WLRN discussed with the chairman of the Securities and Exchange Commission over the course of two interviews.

The SEC is the nation's top stock market cop. We spoke with Chairman Jay Clayton in July when he visited the agency's regional office in Miami. A second interview was recorded last week with Clayton in his Washington D.C. office.

Seminole County is the first US government agency to accept cryptocurrency as payment for county services. And according to a coinmap.org study, Tampa and Miami are ranked in the top 10 bitcoin-friendly cities in the world. With cryptocurrency usage growing,  Florida’s Chief Financial Officer plans to regulate the industry.

The hack of a cryptocurrency exchange in South Korea is being blamed for a sharp drop in bitcoin and other popular currencies, which lost billions of dollars in value. The Coinrail virtual currency exchange was breached over the weekend.

YouTube

Last week Venezuelan President Nicolás Maduro said his country had found “the perfect kryptonite to defeat Superman!” By Superman he meant the U.S. And by kryptonite he meant cryptocurrency – el petro.

If you're tempted to join the cryptocurrency bandwagon, regulators say you should take a pause before you click "buy."

Following bitcoin's meteoric price rise in 2017 — from just under $1,000 in January to nearly $20,000 in December — there's been a rush to cash in on cryptocurrencies and the blockchain technology that makes them possible.

Numerous investment vehicles have been created to meet this surge in consumer demand.

Bitcoin's price has already spiked more than 1,000 percent in the past 12 months. Now it's flirting with another milestone: a $10,000 price for a single unit of the cryptocurrency.

Bitcoin's rise has been both meteoric and volatile, with surges in valuation often being driven by positive reports about its status. Earlier this year, for instance, Japan recognized bitcoin as an official method of payment. It has also continued to attract interest from investors.