Crypto-currency

Bitcoin, Ethereum and the Crypto Market are all 'crashing'... supposedly

Today, (Thursday, 15 June)  prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:

1. There is an announcement that some mining company is going to fork Bitcoin. 

So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now. 

2. Some politicians in Europe and America want to regulate Bitcoin and Cryptocurrencies.

The European Central Bank Wants Tighter Control over Bitcoin

According to an article (link below) : "The European Central Bank (ECB) has proposed a directive of the European Parliament and of the Council stating that ‘virtual currencies do not qualify as currencies from a Union perspective,’ and wants digital currencies to be explicitly defined as not legal currencies or money... the use of digital currencies, such as bitcoin, pose a threat as terrorists and criminal groups are able to transfer money within digital currency networks with a certain level of anonymity."

Because of this, the ECB is discouraging the promotion of Bitcoin.  

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