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After the crash of the cryptocurrency that hit last week, the Bitcoin market has stabilized for a while. But not for long – on Monday, it collapsed again, bringing the value of a bitcoin to $ 5,173.
This is the kind of level where Bitcoin had returned in October last year, when it was heading toward its short peak just under $ 20,000. As usual, it is not entirely clear why the last fall occurred. However, on Friday it saw shares in the US Securities and Exchange Commission (SEC) that may have something to do with this.
The SEC announced agreements with two cryptocurrency startups that were making initial or ICO coin offerings. Airfox and Paragon Coin agreed to pay civil penalties for the execution of token sales in the past year without registering them as stock offers.
These were the first such sanctions imposed by the SEC and, as said Stephanie Avakian, co-director of the SEC Enforcement Division: "These cases tell those who are considering similar actions that continue to be looking for violations of federal securities laws with respect to digital resources. "
The SEC is also, for a Wall Street newspaper last Thursday's article, which investigated the involvement of ShapeShift CEO Erik Voorhees in ICO managed by Salt, a provider of secured cryptocurrency loans.
The writers of cryptocurrencies told CoinDesk that the SEC's activities suggested that ICO projects were in serious trouble, and the fund-raising method should be abandoned.
At the time of writing on Monday morning, the value of a bitcoin had returned to around $ 5,350, although it was still down 4.25% in the last 24 hours.
Most of the other large cryptocurrencies also suffered. The fall of XRP was roughly in line with that of Bitcoin, but Ethereum – which is strongly linked to the ICO scene – lost 9.3%.
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