Bitcoin review: Starbucks and the U.N. like blockchain, SEC peeved over ICOs


Bitcoin prices dipped after news broke that the U.S. Securities and Exchange Commission issued "scores of subpoenas" to cryptocurrency-related tech companies — namely those taking part in initial coin offerings (ICO).

The bitcoin token traded at $10,811 each, down 3 percent from $11,165 just 12 hours earlier.

Unlike public stock offerings, ICOs are not heavily regulated. Still, many companies — including Siglo, which announced its "ICO" just last week — are using it as a fundraising tool.…

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