"I'm nearly bankrupt," says Jad Fawaz, a crypto trader in Abu Dhabi. "I'm laughing because there's no point in exerting more depression and more frustration about it."
The 45-year-old, who quit his real-estate job a year ago to focus on trading,
Bitcoin (BTC) firebrand Michael Saylor says the U.S. Securities and Exchange Commission (SEC) would be right to shut down essentially all altcoins which he says are being sold as unregistered securities.