SEC Says Ether and Bitcoin Cryptocurrencies Aren’t Securities

SEC Says Ether and Bitcoin Cryptocurrencies Aren’t Securities

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The world’s second-most popular cryptocurrency isn’t an investment vehicle, at least according to the Securities and Exchange Commission. William Hinman, the agency’s director of the division of corporate finance, said Thursday that ether—the currency that powers the Ethereum network—shouldn’t be regulated in the same way as stocks and bonds. His statements follow similar ones made…

How WIRED Lost $100,000 in Bitcoin

How WIRED Lost $100,000 in Bitcoin

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Back in 2013, when you could still mine bitcoins at home, WIRED was sent a small, sleek mining device manufactured by the now-defunct Butterfly Labs. We turned on the Roku-looking machine in our San Francisco offices and allowed it to do its job. A small fortune was soon amassed, now worth around $100,000. Then, we…