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.…
