Virtual currencies are meant to act as a type of money that can be traded online exchanges for conditional conventional currencies such as dollars. Or use to purchase goods and services predominately online. Developers, businesses, and individuals are selling through selling Virtual Currencies through initial point offerings to raise capital. Year, manyst americans have become increasingly interested in Virtual Currencies especially given the meteor rise in valuation in recent fall bitcoin. Just for perspective, on january 2 last year, bitcoin broke the 1000 barrier and then peak in december at a way thousand dollars and as of this morning is trading at roughly 6,900. Today, the market capitalization of bitcoin is roughly 115 billion. Regulators and heads of industry educate investors. Part, the sec as put forth many statements and guideposts to help the markets and investors. Has issued sec bulletins on initial coin offerings. Theyve issued several enforcementbrought actions against f
Story here for stocks. We could look at a record close for the market the dow is up 63 but coming off its highs. Courtney reagan with stay closer look. The stocks falling a bit here as the dollar strengthens, like you mentioned, those comments from President Trump to joe kernen in davos. We have found some footing lets see what happens going into the final hour here not a repeat of what we saw yesterday when we saw this pretty fast fade around the european close time. Its the big m word thats being discussed as the main driver for this rally. Momentum thats taking equities higher there are commentaries coming out of the blue chip dow earnings, like caterpillar, and bellwether indicator like 3m we do have that phenomenon happening today. Caterpillar, 3m and Goldman Sachs helping to lift the Dow Jones Industrial average health care, materials, among the strongest sectors. And biotechs etfs, the hxb and bxi. The aerospace and Defense Group is hitting a new intraday alltime high today led
[inaudible conversations] [inaudible conversations] the committee will come to order. This morning we will receive testimony from sec chairman and cftc chairman carlo with the Virtual Currency and the oversight connected by their two agencies. Welcome. Virtual currencies are meant to act as a money to be traded with the online exchanges such as dollars used to purchase goods or services predominately online. Additionally developers and individuals are selling one selling virtual coins also known as the ico to raise capital over the last year Many Americans have become increasingly interested in Virtual Currency given the rays of valuation with bitcoin it broke the 1000dollar barrier and then peaked december 2017 and almost 20000 as of this morning trading at roughly 6900. Today the market capitalization is roughly 115 billion. This is an incredible rise given in 2013 when this committee had subCommittee Hearings the total value in circulation was approximately 5 billion. As Virtual Cur
Richmond, Annie Mccormick channel6 action news. Back to you. All right, annie, thank you. Now to a developing story. And a personal tragedy for bill cosby one of his three daughters ensa has died. The 44yearold woman died from renal disease on friday. No other details were given n a statement cosbys attorney asked for prayers for the family ton give them peace at this time. Bill cosby lost his son ennis to gun violence in 1997. Ensa just seen in the photo with her other sisters erica and even was a staunch supporter of her father during his recent legal battles. There she is. A Pretrial Hearing is scheduled for next monday in norristown for cosbys upcoming retrial. Cosby is not required to be there, though. A ninth grader at Fels High School is facing gun charges tonight after officials allegedly found a loaded. 40 caliber gun in his backpack this morning. It was discovered while the 15yearold was walking through the metal detectors. The school was immediately locked down while police
Do not use it to say other communities matter but to really focus on black people and be of solidarity. Watch afterwards on cspan to book tv. A hearing on efforts to regulate Virtual Currencies. With the securities and exchange commission. On actions taken by their agencies. Its just under two hours. The committee will come to order. This morning we will receive testimonies from sec chairman. And cft chairman chris giancarlo. On the growing world of Virtual Currencies and what is shown in their two currencies. Type of money that can be traded. We are used to purchase goods predominately online. They are selling virtual coins or tokens to initial coin offerings also known as icos to raise capital. Especially given that meteoric rise in valuation. Just for perspective on january it broke the 1,000 barrier and then peaked in december of 2017 as of this morning is trading at roughly 6,900. The market capitalization is a roughly 115 billion. This is an incredible rise and given that in 2013