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New York Attorney General Warns on Cryptocurrencies as Bitcoin Rallies – The Wall Street Journal

The state’s top law-enforcement official said bitcoin’s price rise has lured more bad actors

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New York Attorney General Letitia James warned investors to use extreme caution when buying cryptocurrencies and to watch out for scams following a recent run-up in bitcoins price.
Bitcoins value surpassed $50,000 this year, driven by institutional investors and companies that have bought the cryptocurrency.
Software developer MicroStrategy Inc., which acquired about $425 million worth of bitcoin last summer, said Monday it had purchased an additional $15 million worth of bitcoin at an average cost…

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