ALBANY, N.Y. (WROC) — After the cryptocurrency market hit concerning lows last month, New York Attorney General Letitia James issued a warning to New Yorkers Thursday regarding the risks of investing in these online currencies.
Cryptocurrencies are entirely digital currencies used primarily for investing and some online purchases. A relatively new invention, the very first virtual cash to come out was Bitcoin in late 2009.
Since then, there has been an explosion of thousands of different kinds of cryptocurrencies, with varying degrees of success and longevity.
While the crypto market is heralded by some as a stable place to invest, last month, both new and established digital dollars took an huge hit, costing investors hundreds of billions of real-world dollars.
To help New Yorkers make informed choice, Attorney General James compiled a list of concerns, potential problems, and other hazards to consider before filling your e-wallet with e-coins.
Limited Oversight: Importantly, there...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...