A Woman Had Stomach Pains. Doctors Discovered It Was Something She Swallowed–A Decade Ago

(THIS ARTICLE IS COURTESY OF THE WASHINGTON POST)

 

A woman had stomach pains. Doctors discovered it was something she swallowed — a decade ago.

 August 8

(iStock)

Doctors at a hospital in Australia were bewildered when a 30-year-old woman showed up with intense stomach pains.

Her heart rate was faster than normal, and the membrane lining her abdominal wall was inflamed, one of her doctors wrote in a medical article published Monday by BMJ Case Reports. But her vital signs, laboratory tests, ultrasound and a scan of her liver, gallbladder and bile ducts were all normal.

The woman also had not had surgery recently, which eliminated the possibility that a surgeon accidentally left a foreign object inside  her, according to Popular Science. But a CT scan revealed that a thin, metallic wire was lodged in her intestines.

And it had been there for at least a decade.

That object, a little more than 2½ inches long, was a dental brace wire that the woman used to wear, according to her doctors. It caused her intestine “to twist around on itself — a condition known as volvulus,” according to a news release from BMJ Case Reports, an online collection of articles and case reports submitted by health-care professionals and researchers.

The woman told doctors that she wore braces 10 years ago and has had them removed since. She also said she does not remember ingesting the wire or losing part of her braces, wrote Talia Shepherd, one of the doctors who treated the woman at Sir Charles Gairdner Hospital in Nedlands in Western Australia.

A thin metallic wire is lodged in a woman’s intestines. (BMJ Case Reports)

“The case is so unique is because normally if you swallow something like that, it presents earlier,” Shepherd told Popular Science.

More typically, people unknowingly ingest things like fish bones instead of metallic objects, Shepherd said. And they usually realize it shortly after. In the woman’s case, she didn’t experience any pain until recently.

“We were all a bit dumbfounded,” Shepherd told the magazine. “It wasn’t what I was expecting to find at all.”

Accidentally ingesting foreign objects is not unheard of.

Last May, Live Science published a list of “11 Weird Things People Have Swallowed.” It includes small and pointed objects like a bobby pin and a dental instrument, as well as larger ones like a cellphone, a pen, a lighter and a toothbrush.

In a 2015 medical case from Saudi Arabia, doctors examining an X-Ray of a 16-month-old boy’s esophagus came face-to-face with an image of a smiling SpongeBob SquarePants. Ghofran Ageely, a radiology resident at King Abdulaziz University Hospital in Jiddah, Saudi Arabia, told Live Science that the toddler had swallowed his older sister’s SpongeBob pendant.

Ageely said she initially thought it was a pin or a hair accessory because an X-ray of the child’s body from the side showed a thin object in his esophagus. She was shocked after looking at the frontal view.

“‘ SpongeBob,’ I screamed!!!” Ageely told Live Science in an email. “I was amazed by the visible details. You can see the freckles, shoes and fingers … AMAZING.”

Last May, a Texas mother warned other parents after her daughter accidentally swallowed a fidget spinner. They were in a car when she noticed her daughter choking, Kelly Rose Joniec wrote on her Facebook page, according to USA Today.

recent report by a consumer watchdog group warned parents of the dangers of the popular toy, which it said has “the potential to lead to tragic or deadly consequences.”

As for the woman from Australia, Shepherd said she recovered well.

READ MORE:

Fidget spinners are hugely popular with kids. They’re also a choking hazard, consumer group warns.

Popular magnets pose risk if swallowed

She thought it was a chocolate candy bar. What she experienced was unexpected.

Australia’s Prime Minister Slowly Realizes Trump Is A Complete Idiot

(THIS ARTICLE IS COURTESY OF THE ‘NEW YORK MAGAZINE.COM’)

(Is Donald “FAKE NEWS” Trump The Biggest Idiot On Earth?)(TRS)

11:49 am

Australia’s Prime Minister Slowly Realizes Trump Is a Complete Idiot

By 

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Donald Trump and Australian prime minister Malcolm Turnbull. Photo: Getty Images

The transcript of Donald Trump’s discussion with Australian prime minister Malcolm Turnbull obtained by the Washington Post reveals many things, but the most significant may be that Trump in his private negotiations is every bit as mentally limited as he appears to be in public.
At issue in the conversation is a deal to settle 1,250 refugees who have been detained by Australia in the United States. I did not pay any attention to the details of this agreement before reading the transcript. By the time I was halfway through it, my brain could not stop screaming at Trump for his failure to understand what Turnbull was telling him.

Australia has a policy of refusing to accept refugees who arrive by boat. The reason, as Turnbull patiently attempts to explain several times, is that it believes giving refuge to people who arrive by boat would encourage smuggling and create unsafe passage with a high risk of deaths at sea. But it had a large number of refugees who had arrived by sea, living in difficult conditions, whom Australia would not resettle (for fear of encouraging more boat trafficking) but whom it did not want to deport, either. The United States government agreed under President Obama to vet 1,250 of these refugees and accept as many of them as it deemed safe.

In the transcript, Trump is unable to absorb any of these facts. He calls the refugees “prisoners,” and repeatedly brings up the Cuban boatlift (in which Castro dumped criminals onto Florida). He is unable to absorb Turnbull’s explanation that they are economic refugees, not from conflict zones, and that the United States has the ability to turn away any of them it deems dangerous.

Donald Trump Is His Own Worst Enemy

President Trump’s efforts to fix his headline-making crises often have the effect of making the situation worse.

Turnbull tries to explain to Trump that refugees have not been detained because they pose a danger to Australian society, but in order to deter ship-based smuggling:

Trump: Why haven’t you let them out? Why have you not let them into your society?

Turnbull: Okay, I will explain why. It is not because they are bad people. It is because in order to stop people smugglers, we had to deprive them of the product. So we said if you try to come to Australia by boat, even if we think you are the best person in the world, even if you are a Noble [sic] Prize winning genius, we will not let you in. Because the problem with the people —

At this point, Trump fails to understand the policy altogether, and proceeds to congratulate Turnbull for what Trump mistakes to be a draconian policy of total exclusion:

Trump: That is a good idea. We should do that too. You are worse than I am … Because you do not want to destroy your country. Look at what has happened in Germany. Look at what is happening in these countries.

Trump has completely failed to understand either that the refugees are not considered dangerous, or, again, that they are being held because of a categorical ban on ship-based refugee traffic.

He also fails to understand the number of refugees in the agreement:

Trump: I am the world’s greatest person that does not want to let people into the country. And now I am agreeing to take 2,000 people and I agree I can vet them, but that puts me in a bad position. It makes me look so bad and I have only been here a week.

Turnbull: With great respect, that is not right – It is not 2,000.

Trump: Well, it is close. I have also heard like 5,000 as well.

Turnbull: The given number in the agreement is 1,250 and it is entirely a matter of your vetting.

Then Trump returns to his belief that they are bad, and failing to understand the concept that they have been detained merely because they arrived by sea and not because they committed a crime:

Trump: I hate taking these people. I guarantee you they are bad. That is why they are in prison right now. They are not going to be wonderful people who go on to work for the local milk people.

Turnbull: I would not be so sure about that. They are basically —

Trump: Well, maybe you should let them out of prison.

He still thinks they’re criminals.

Later, Trump asks what happens if all the refugees fail his vetting process:

Trump: I hate having to do it, but I am still going to vet them very closely. Suppose I vet them closely and I do not take any?

Turnbull: That is the point I have been trying to make.

After several attempts by Turnbull to explain Australia’s policy, Trump again expresses his total inability to understand what it is:

Trump: Does anybody know who these people are? Who are they? Where do they come from? Are they going to become the Boston bomber in five years? Or two years? Who are these people?

Turnbull: Let me explain. We know exactly who they are. They have been on Nauru or Manus for over three years and the only reason we cannot let them into Australia is because of our commitment to not allow people to come by boat. Otherwise we would have let them in. If they had arrived by airplane and with a tourist visa then they would be here.

Trump: Malcom [sic], but they are arrived on a boat?

After Turnbull has told Trump several times that the refugees have been detained because they arrived by boat, and only for that reason, Trump’s question is, “But they are arrived on a boat?”

Soon after, Turnbull again reiterates that Australia’s policy is to detain any refugee who arrives by boat:

Turnbull: The only people that we do not take are people who come by boa. So we would rather take a not very attractive guy that help you out then to take a Noble [sic] Peace Prize winner that comes by boat. That is the point.”

Trump: What is the thing with boats? Why do you discriminate against boats? No, I know, they come from certain regions. I get it.

No, you don’t get it at all! It’s not that they come from certain regions! It’s that they come by boat!

So Turnbull very patiently tries to explain again that the policy has nothing to do with what region the refugees come from:

Turnbull: No, let me explain why. The problem with the boats it that you are basically outsourcing your immigration program to people smugglers and also you get thousands of people drowning at sea.

At this point, Trump gives up asking about the policy and just starts venting about the terribleness of deals in general:

I do not know what he got out of it. We never get anything out of it — START Treaty, the Iran deal. I do not know where they find these people to make these stupid deals. I am going to get killed on this thing.

Shortly afterward, the call ends in brusque fashion, and Turnbull presumably begins drinking heavily.

Scientists Take to the Sea to Study a Lost Land (Continent): Zealandia

(THIS ARTICLE IS COURTESY OF THE NEW YORK TIMES)

 

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The researchers’ ship, the Joides Resolution, contains drilling equipment to help geologists answer lingering questions about Zealandia — such as how and when it formed and what has happened in the area over time.CreditThe Australian National University

SYDNEY, Australia — It’s about half the size of the United States, and it’s been hiding under everyone’s noses — or more precisely, under the waves — for millions of years. Now, scientists are setting sail to finally help solve the mystery of Zealandia, the lost undersea landmass being billed as the world’s eighth continent.

Zealandia, an expanse of 1.9 million square miles, extends from far south and east of New Zealand up to New Caledonia and west to an area off Australia’s northeast coast. It was part of Australia until about 75 million years ago, when it started to break away and move northeast. That movement stopped 53 million years ago, and scientists have slowly discovered the landmass, almost entirely submerged, over the past two decades.

“It’s a long way from anywhere,” said Rupert Sutherland, a Victoria University of Wellington professor who will be on the monthslong voyage from Australia to Zealandia, which began Friday. “A few missions have been going there to look for some specific things, but there hasn’t really been a coordinated plan of attack.”

He continued, “It is quite exciting, this Zealandia exploration. We’ve got an entire continent that has not been explored.”

Scientists who are part of the drilling expedition said sediment would be collected to help answer lingering questions about Zealandia — such as how and when it formed and what has happened in the area over time. They also hope to better understand how the Pacific Ring of Fire, a hot spot for volcanoes and earthquakes, formed.

“What we hadn’t realized until fairly recently was that the formation of the Pacific Ring of Fire greatly modified the continent of Zealandia,” Dr. Sutherland said. “It greatly changed the water depth, and it created topography.”

Earlier this year, in a study published by the Geological Society of America, scientists argued that Zealandia should be assigned continent status, despite the fact that it’s mostly underwater, because of its distinctive geology. The study outlined all that was known about Zealandia and went through all of the criteria used to define a continent and evaluated Zealandia against that criteria. The findings have been widely accepted, said Dr. Sutherland, who was a co-author of the study.

Continue reading the main story

“The scientific value of classifying Zealandia as a continent is much more than just an extra name on a list,” the study concluded. “That a continent can be so submerged yet unfragmented” makes it useful for “exploring the cohesion and breakup of continental crust.”

A China Eastern Airlines jet suffered a major engine failure; Australia To Singapore

THIS ARTICLE IS COURTESY OF CNN

A China Eastern Airlines jet suffered a major engine failure shortly after taking off out of Sydney for Shanghai on Sunday.

After the airplane landed safely back in Sydney, emergency crews found a gaping hole in the front part of the engine nacelle’s structural casing, known as the nose cowl.
The incident with the jetliner’s engines is the second of its kind in as many months.
No passengers or crew aboard the twin-aisle Airbus A330-200 were injured during the incident, according to Xinhua news. The jet typically seats around 265 passengers.
After hearing a “really, really loud” unexpected noise after takeoff, “nobody really panicked, but I was a little bit nervous and it kind of smelled like burning,” one passenger told CNN affiliate Seven Network.
Airbus said it is “aware of the incident and will support the investigation of this engine issue.”

Nobody was injured on the Airbus A330.

A spokesman for Rolls-Royce, which manufactures the engine, said in a statement, “We are aware of the incident and will be working closely with relevant partners to understand the cause of the issue.”
The engine failure in Sydney resembles another recent incident. An Egypt Air flight from Cairo to Beijing in May aborted its takeoff after reporting a failed engine. The nose cowl on that Trent 700 engine also had torn away and had reportedly been ingested by the engine. No one was hurt during that incident.
Rolls-Royce, which powered both planes with the Trent 700 engine, said it was too soon to consider the incidents linked.
A 2011 directive by the European Aviation Safety Agency warned of two operators who “found extensive damage to engine air intake cowls” after the sound dampening panels around the front fan of the engine collapsed. An Emirates flight arriving in Dubai in 2006 sustained similar damage to its Trent 700 engine after a flight from Birmingham, England.
EASA at the time gave airlines 24 months or the accumulation of 5,000 takeoffs and landings or 20,000 hours, whichever came first, to conduct the inspections.
Airlines have a choice of three types of engines on the Airbus A330 workhorse. Rolls-Royce is the most popular choice on the fleet of more than 1,300 jets flying today.

Three police shot, man dead after ‘terrorist attack’ in Melbourne, Australia

(THIS ARTICLE IS COURTESY OF CNN)

Three police shot, man dead after ‘terrorist attack’ in Melbourne, Australia

Police in the Melbourne bayside suburb of Brighton on June 5 after a woman was held against her will.

(CNN) An armed standoff in Melbourne, Australia, which left one civilian dead and two police in hospital was a “terrorist incident,” Australian Prime Minister Malcolm Turnbull told reporters Tuesday.

The Australian leader said the attack in the suburb of Brighton had “shocked all Australians.”
“This terrorist attack by a known criminal, a man who was only recently released on parole, is a shocking, cowardly crime. It is a terrorist attack and it underlines the need for us to be constantly vigilant,” he said.
One man was killed and three police officers shot after a standoff at an apartment building in Melbourne, the capital of the Australian state of Victoria.
Victoria Police Deputy Commissioner Andrew Crisp told reporters a woman had been held hostage in an apartment Monday.
Later, police said they were aware of a claim from ISIS that one of its “soldiers” carried out the attack.
“Police are aware of the claim and it will form part of the investigation,” Victoria Police senior media officer Natalie Webster said.
ISIS issued the claim through its Amaq News Agency in Arabic and English.
Police were called to the scene after emergency calls reported loud bangs or explosions, Crisp said, adding no detonations had been confirmed.
Once law enforcement arrived at the apartment block shortly after 4 p.m. local time, they found a man dead on the lobby floor with a gunshot wound.
A second man was holding a woman against her will in one of the apartments. Police earlier said they attempted to negotiate with him but Crisp said later he was not aware of any contact with the gunman.
Two hours later, the gunman unexpectedly left the apartment and began firing at police. Three male officers were shot before the assailant was gunned down. Their injuries aren’t life-threatening, police said.
Brighton is a suburban area in eastern Melbourne, known for its affluent residents and close proximity to the beaches of Port Philip Bay.
Roads around the area were closed throughout the standoff and will remain closed for some time, police said.

Flight From Australia To Malaysia: Man Tries To Break Into Cockpit, Passengers Upset At Police

(THIS ARTICLE IS COURTESY OF CNN)

(CNN) Australian police have defended their actions after a passenger tried to force his way into the cockpit on a Malaysia Airlines flight from Melbourne to Kuala Lumpur Thursday.

Just after a takeoff, a male passenger on Flight MH128 tried to enter the cockpit while holding what one passenger described as a “huge, unusual, black, metallic, strange thing… size of a watermelon.”
“He was yelling ‘I need to see the pilot, I need to see the pilot,'” passenger and former AFL player Andrew Leoncelli told Australia’s ABC News.
The mid-flight scare ended safely, but passengers later criticized the police response which saw them sit on the tarmac for 90 minutes with what they thought could be a bomb on board, according to the Australian Broadcasting Corporation.
“We could see them [the police] all outside, but they weren’t coming on the plane and nobody knew why,” passenger Selena Brown told the ABC.

Man ‘recently released from psychiatric care’

During a press briefing Thursday, Chief Commissioner of Victoria Police Graham Ashton said police initially treated the incident as terror related.
“Counter-terrorism response and protocols kicked in… for us that meant having the plane isolated, and as soon as practicable, getting the passengers off the plane safely and dealing with the offender,” Ashton said.
Ashton confirmed the passenger approached the flight deck with something many feared could be a bomb.
“He was certainly at the cockpit door, seeking entry to the door, holding this device,” he said. “The device was described as an amplifier type instrument… it can potentially be wired up and dealt with in a dangerous manner.”
After flight staff intercepted the man at the cockpit, he was chased down the aisle by other passengers to the back of the plane, where they used a spare seat belt and cables to tie him up.
“He was essentially trussed up as the flight returned to Melbourne,” Ashton said.
Police later identified the suspect as a 25-year-old Sri Lankan man who had recently been released from psychiatric care. He was not considered a terror threat, they said.
Malaysia Airlines confirmed the flight was forced to turn back to Melbourne due to a “disruptive passenger.”
“An investigation led by Australian authorities is currently underway and Malaysia Airlines wishes to extend its appreciation to everyone involved during the emergency situation,” it said in a statement.

Shark leaps into boat and lands on Australian fisherman

(THIS ARTICLE IS COURTESY OF THE WASHINGTON POST)

Shark leaps into boat and lands on Australian fisherman

May 29 at 4:31 AM
CANBERRA, Australia — A 73-year-old Australian fisherman said Monday that he caught a far bigger fish than he hoped for when a 2.7-meter (9-foot) great white shark leapt into his boat, knocking him off his feet.Terry Selwood was left with a badly bruised and bleeding right arm where the airborne shark struck him with a pectoral fin as it landed on him on the deck of the 4.5-meter (15-foot) power boat Saturday off Evans Head, 725 kilometers (450 miles) north of Sydney.

Selwood sprung up on the gunnel at the bow of the boat to avoid the thrashing shark and steadied himself by clinging to the tubular metal frame of the sun shelter, known as a bimini.

“I didn’t give it a chance to look me in the eyes. I wanted to get up and get on top of the gunnel because it was thrashing around madly,” Selwood told Australian Broadcasting Corp.

“Flash Gordon wouldn’t have caught me,” he said, referring to the athletic science fiction comic book hero of the 1930s.

Selwood used a hand-held radio to call the Evans Head coast guard and stayed on the gunnel until a rescue boat arrived.

Coast guard skipper Bill Bates said he misread the danger when Selwood reported his predicament.

“He said, ‘I’m injured, I’ve broken my arm, I’ve got lacerations and there’s a shark in my boat,’” Bates said.

“Often a fisherman will bring a small shark on board — maybe 2 or 3 feet (up to 1 meter) — and they’re still ferocious. That’s what I was expecting, but I was totally wrong,” he added.

The coast guard crew rescued Selwood, but left the shark alone. The shark was estimated to weigh 200 kilograms (440 pounds).

“The shark was thrashing inside the boat, taking up the entire deck area — there was no way you’d put a foot in there,” Bates said.

The coast guard took Selwood to paramedics at Evans Head, where his badly swollen arm was cleared of any fracture.

The coast guard later towed Selwood’s boat with the shark into Evans Head just before nightfall.

“We think it was already dead at that stage, but no one was game to put their finger in to find out,” Bates said.

Why the shark flung itself over the motor and into the anchored boat is a mystery.

Selwood said he was sitting on a cooler, known generically in Australia by the popular brand name Esky, with two hand lines off the port and starboard sides of the boat when he saw one of the lines move as if a fish was hooked.

“I hopped up off the Esky, I touched the hand line and I just caught a blur coming in the corner of me eye and just out of instinct,” Selwood said. “I threw me right arm up and this thing hit me in the forearm and spun me around and knocked me off me feet.”

“This thing was beside me and I looked over and thought, ‘Oh, a bloody shark.’ So I just climbed — he was doing a mad dance around, he was thrashing everywhere,” he added.

Selwood said he’ll have to replace destroyed equipment, including buckets and coolers, before returning to the fishing spot he’s visited for more than 50 years.

“He didn’t do anything structural to me boat, it just smashed anything that was in his road. You can understand, he was a wild creature out of his comfort zone,” Selwood said.

Moody’s Downgrades China Over Worries About Its Growing Debt

(THIS ARTICLE IS COURTESY OF THE NEW YORK TIMES)

SHANGHAI — Moody’s Investors Service downgraded its credit rating on China’s sovereign debt by a notch on Wednesday, saying that the steady buildup of debt in the Chinese economy would erode the country’s financial strength in the coming years.

In a bluntly worded statement, Moody’s said that the Chinese government remained committed to achieving high economic growth despite slowing productivity gains and a shrinking population of working-age adults. The only way for China to achieve that high growth is to allow its debt to continue to grow as a way to stimulate the economy, Moody’s warned.

”The downgrade reflects Moody’s expectation that China’s financial strength will erode somewhat over the coming years, with economywide debt continuing to rise as potential growth slows,” the credit rating firm said.

Moody’s moved down China’s debt rating to A1 from Aa3, but changed its outlook for further ratings adjustments to stable, from negative.

Moody’s action is still likely to anger Chinese officials, who have tried hard to persuade the Chinese public and the international financial community that they have the country’s debt troubles well in hand.

Stock markets in China and Hong Kong opened slightly lower on Wednesday on the news. The Australian dollar, which is widely considered a barometer of investor sentiment about China because Australia sells so much of its raw materials to that country, weakened against the United States dollar.

Australia Seizes Huge Drugs Haul From China

(THIS ARTICLE IS COURTESY OF THE SHANGHAI DAILY NEWS)

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Australia seizes huge drugs haul from China

AUSTRALIAN police have seized 903 kilograms of crystal methamphetamine smuggled from China inside boxes of hollow floorboards — the largest haul of the illicit drug in Australia, officials said yesterday. methamp

Law enforcement agencies valued the seizure, mostly found in a Melbourne warehouse in February, at almost A$900 million (US$680 million).

Two Australian men, aged 53 and 36, have been charged with commercial drug trafficking and face life in prison if convicted, police said. A search is underway for another two suspects in Melbourne.

Federal Police Assistant Commissioner Neil Gaughan described the concealment of the drug inside 70 boxes of wooden floorboards as “quite complex, quite unique.”

Gaughan said police knew the identity of the syndicate that supplied the drug, best known as ice. He would not be more specific than to say the drug originated from somewhere in Asia.

Justice Minister Michael Keenan praised Australia’s cooperation with China’s National Narcotics Control Bureau which he said had stopped 7.5 tons of drugs from reaching Australian streets. Australia was the only Western country that had a joint taskforce with the Chinese bureau based in Guangzhou.

“It is a very serious blow to organized crime around the country,” Keenan said of the latest seizure.

Australia’s drug users pay up to 80 times the price the drug would fetch in China, Keenan said.

Australia’s previous largest haul of ice was almost 880 kilograms seized in Sydney in November 2014. The country’s largest seizure of cocaine was in February when a yacht was intercepted with 1.4 tons of the drug.

SEC Denies A Second Application To List Bitcoin Product

(THIS ARTICLE IS COURTESY OF REUTERS NEWS AGENCY)

SEC denies a second application to list bitcoin product

By Trevor Hunnicutt | NEW YORK

The U.S. Securities and Exchange Commission on Tuesday denied for the second time this month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.

The SEC announced in a filing its decision denying Intercontinental Exchange Inc’s NYSE Arca exchange the ability to list and trade the SolidX Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset’s price. Previously, the regulatory agency said it had concerns with a similar proposal by investors Cameron Winklevoss and Tyler Winklevoss.

“The Commission believes that the significant markets for bitcoin are unregulated,” the SEC said in its filing, echoing language from its decision earlier this month on the application by CBOE Holdings Inc’s Bats exchange to list The Bitcoin ETF proposed by the Winklevoss brothers. On Friday, Bats asked the SEC to review its decision not to allow that fund to trade.

“We are reviewing the SEC’s order and evaluating our next steps,” said Daniel H. Gallancy, chief executive officer of SolidX Partners Inc, a U.S. technology company that provides blockchain services. NYSE did not immediately respond to a request for comment.

Bitcoin had scaled to a record of more than $1,300 this month, higher than the price of an ounce of gold, as investors speculated that an ETF holding the digital currency could woo more people into buying the asset.

But after denial of the Winklevoss-proposed ETF, the digital currency’s price plunged as much as 18 percent. It has rebounded partially since then and was at $1,041 on Tuesday, roughly unchanged from the previous day.

Bitcoin is a virtual currency that can be used to move money around the world quickly and with relative anonymity, without the need for a central authority, such as a bank or government.

Yet bitcoin presents a new set of risks to investors given its limited adoption, a number of massive cybersecurity breaches affecting bitcoin owners and the lack of consistent treatment of the assets by governments.

There is one remaining bitcoin ETP proposal awaiting a verdict from the SEC. Grayscale Investments LLC’s Bitcoin Investment Trust, backed by early bitcoin advocate Barry Silbert and his Digital Currency Group, filed an application last year.

(Reporting by Trevor Hunnicutt; Additional reporting by Gertrude Chavez-Dreyfuss; Editing by David Gregorio and Cynthia Osterman)

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