#Bitcoin Price Drop, Hacks, and FEC Regulations: This Week in Crypto...!!!

in cryptocurrency •  3 months ago

Bitcoin Price Watch:

Bitcoin is down 8% this week continuing a trend of an almost 20% drop over the last month. Earlier today, the bitcoin price hit a low for 2018 of $5,825 causing analysts to draw comparisons to 2014 when Bitcoin experienced an 80% correction.......

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Featured Image from Shutterstock

Bulls:

eToro CEO compares crypto to 2001 Apple: Following a trend of major investment personas comparing Bitcoin to a bubble, eToro CEO Yoni Assia has stated that “selling crypto now is like selling Apple in 2001”.

Regulation:

South Korea fears regulation will “legitimize market”– At a recent policy advisory meeting, the director of KFIU confirmed that the government delayed regulating cryptocurrencies for years because it would “legitimize” a market the government viewed as piece-meal.

Hacks:

$1 million stolen in Siacoin cryptojacking attack – In China, over 100,000 internet café computers have been infected with malware designed to mine cryptocurrencies...................

Adoption:

U.S. Senate Candidate Austin Petersen was forced to return a $130,000 Bitcoin donation. I interviewed Petersen earlier this week about the implications of Bitcoin on federal elections....Click here to know the details story

AUTHOR

Jake Sylvestre

Please visit my blog: @nixon73

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