Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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April 1, 2003

End of the WORM?

By Gregory Bresiger

Wall Street, which has pressured regulators to approve the use of advanced systems for storing electronic documents, may get its wish. The change would lift the requirement that firms use only so-called WORM (write once, read many) technology for archiving files such as e-mail.

The Securities Industry Association notes that rule 17a-4, which regulates the storage of electronic information, is a decade old. It is no longer suitable for storing huge reams of data, the group said. The SEC, in response, may soon ease its archive rules.