..

What's Causing Bitcoin Fall These Last Few Days?

Written by:
Guest
Published on:
May/27/2018

The price of bitcoin continues to plummet from $8,644 USD just a few days ago to a low of $7,300 USD by Sunday. 

Yahoo Finance provided some possible rationale for the decline:

There are several reasons for which bitcoin markets and cryptocurrency market as a whole is experiencing such extreme bearish trends. Analysts have pointed out that it may have to do with the Chinese ICO markets being highly active and resulting in strict regulatory actions. The Chinese government has officially announced that it deems shady ICOs as great risks and that the government watchdog is keeping a close eye on excessive speculation, fraudulent profit schemes, and fake propaganda.

The most recent negative sentiments around bitcoin price arise from Bitfinex newly implemented taxation policy. On 17th May.

Bitcoin is going nowhere but up in the world of online gambling, however, as many operators now report as much as half their transactions done using cryptocurrencies.

- Aaron Goldstein, Gambling911.com

Business/Financial News

What Do Broken Down McDonald's Milkshake Machines Have to Do With a Bitcoin Mastercard Conspiracy?

If franchisees want to switch solutions, the only option that the parent corporation allows is to switch to a software “upgrade” called “Powerhouse Dynamics,” which is owned by the parent company of Taylor, so you can't really escape the system.  Enter Mastercard's similar setup with Bitcoin.

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

The Crypto Beat - July 28, 2021: Bitcoin Crosses Over $40K Again

Plus EU’s ban on anonymous digital currency transfers—a deep dive....cryptocurrency won't be so anonymous any more. 

Bloomberg: DOJ Probing Tether of Bank Fraud

Bloomberg: DOJ Probing Tether of Bank Fraud

A U.S. probe into Tether, a digital token widely used to trade Bitcoin, is looking into whether executives behind the digital token committed bank fraud, a potential criminal case that would have broad implications for the cryptocurrency market, according to a report filed by Bloomberg News Monday morning.

Three Important Features a Pay Per Head Should Offer

Three Important Features a Pay Per Head Should Offer

When selecting a Pay Per Head sportsbook software, there are three primary things to consider in addition to the required reporting, lines management and customer service component. 

BSV Network Attacked: CoinGeek Explains What Happened

BSV Network Attacked: CoinGeek Explains What Happened

The BSV Network has come under attack in recent weeks, more specifically June 24, 2021 and then again on July 1, 6 and 9.  This is likely to become a trend targetting all blockchain networks and crypto sites.

Syndicate