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Tough Month for Crypto: Headline Highlights

ironichaos(25)

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#cryptocurrency

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Its been a rough month in the cryptocurrency space. Here's a recap of some of the biggest headlines that have contributed to the market dip.

Dec 19
- Coinbase lists Bitcoin Cash on exchange
Jan 3
- Rumor that China may limit electricity usage for Bitcoin mining
Jan 8
- CoinMarketCap removes South Korea from tracking
Jan 15
- Guardian tells its readers to not invest in Bitcoin
- China to block access to crypto exchanges
Jan 16
- Rumors that Germany/France will push for cryptocurrency regulatory discussions at G20 Summit
- Bitconnect pyramid scheme is shut down
Jan 17
- Bitcoin Futures from CME and CFE expiring Jan 17 and Jan 26
Jan 22
- South Korea bans anonymous crypto traders
Jan 30
- Facebook banning crypto advertisements
- U.S. Regulators subpoena Tether/Bitfinix
Feb 1
- India wants to end use of cryptocurrency in illegitimate activities
- Banks now process crypto purchases as cash advance with fees
Feb 2
- Major US banks block crypto purchases using credit cards
Feb 4
- China to block use of international exchanges

Fortunately the market is resilient and will recover in time. My guess is the Bitcoin Futures that expired on Jan 17 contributed to a lot of the headlines leading up to the date while the subsequent headlines are a consequence of the turbulence that initial crash caused.

Please let me know if you have any questions.

Thanks for reading!