Bitcoin Falls 5% Despite Continued Accumulation by Investors
Bitcoin fell from $36,000 to $34,000 Wednesday morning, despite continued buying from investors.
Jhunjhunwala told CNBC he "will never buy bitcoin" and that Indian regulators should step in and ban cryptocurrencies.
The regulator believes new cryptocurrency investors should have a certain level of trading experience and financial reserves.
The lawsuit had alleged investors had been misled by Bancor and that its tokens were in fact securities.
Hong Kong’s plan to restrict cryptocurrency investment to professionals means retail investors could move to unlicensed venues, said Global Digital Finance.
The survey found cryptocurrency investing is becoming more diverse.
It's been assumed for years that well-heeled financial institutions would become the main driving force and primary investor class in crypto. That narrative may underestimate the power of the retail investor.