News: China blocks cryptos, UK banks block cryptos, NYT on frauds, Lightning Network
It’s been a watershed day for Bitcoin, and … oh, that’s not water.
Attack of the 50 Foot Blockchain
Blockchain and cryptocurrency news and analysis by David Gerard
It’s been a watershed day for Bitcoin, and … oh, that’s not water.
I spend too much time on Bitcoin Twitter. Yes, I know I did this to myself.
China is worried about crypto mania affecting the real economy. So they’re pressing Bitcoin miners toward a phased shutdown, and ending subsidies on electricity and land.
Sichuan Electric Power Corporation is shutting down Bitcoin miners, as more hydroelectric plants join the grid. This comes just as Bitcoin Cash has been wielding miner support against Bitcoin. What happens next?
Some ICOs are even dodgier than others; Bitcoin’s fork family; regulators sending more warning shots.
And you thought things were quiet right now.
Featuring the World’s Most Expensive Puppy.
How the price dropped to $3000 on the China trading ban, and was then (apparently) manipulated up to $3600 in four hours.
In case you wondered why Bitcoin crashed this afternoon …