Joseph P. Borg, president of NASAA and director of the Alabama Securities Commission, further stated, «Investors should go beyond the headlines and hype to understand the risks associated with investments in cryptocurrencies, as well as cryptocurrency futures contracts and other financial products where these virtual currencies are linked in some way to the underlying investment.» (ethnews.com)
Bitcoin prices broke above $ 12,000 earlier this week as investors awaited the launch of the first cryptocurrency futures contract on Sunday. (hacked.com)
The SFC further cautions investors that these risks may be magnified in trading cryptocurrency futures contracts and other cryptocurrency - related investment products by the speculative nature of the underlying assets, ie cryptocurrencies, and the leverage inherent in the products. (sfc.hk)