Bitcoin headed toward worst month in a decade… SEC sues cryptocurrency promoters over $2 billion scheme

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Bitcoin prices are headed for their worst month since 2011 — and one prominent investor says that’s “great news.”

“Bitcoin crashing. Great news,” tweeted “Rich Dad, Poor Dad” author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity. “When price hits $27,000 I may start buying again. Lot will depend upon global-macro environment. Remember the problem is not gold, silver, or Bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.”

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SEC Sues Cryptocurrency Promoters in Scheme That Raised Over $2 Billion

Federal regulators have accused a group of people of promoting a securities offering tied to digital currency that raised over $2 billion from retail investors without being properly registered.

The Securities and Exchange Commission filed the civil lawsuit Friday in federal court in Manhattan. It alleges that an outfit called BitConnect …

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Intel CEO says chip shortage could persist for a couple years

  • Intel CEO Pat Gelsinger said during Taipei’s Computex trade show that the global semiconductor shortage could take years to resolve
  • Intel is investing US$20 billion in expanding advanced chip manufacturing in the US and opening its foundries to outside customers


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