Happy Sunday, and welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week (26 October – 2 November), it was revealed that the United States Securities and Exchange Commission will send out inquiry letters to hundreds of bitcoin companies, the bitcoin price continued a slow and steady decline, Drupal and CurrentC were targets of cyberattacks, and more. Keep scrolling for this week’s top stories.
The U.S. SEC was created to regulate the stock market and enforce related laws such as the Securities Act of 1933, which requires any sale or offer of securities to be registered with the SEC. Unfortunately for many bitcoin companies, this law also applies to securities on platforms such as Counterparty and Cryptostocks.