Recap
Yet again, Bitcoin price fell to a new yearly low, touching the level $3,456. Opening the month of November at $6,318, BTC dropped 36%, showing signs of a possible capitulation.
On the contrary, Google searches for the term ‘Bitcoin’ have been on the rise, reaching their highest level since the first week of April. This might indicate interest from new prospective investors, although it could be related to the recent price drop.
This week, Ohio partnered with BitPay to became the first state to accept cryptocurrency for business taxes, a process that adds “options and ease” for taxpayers and is cheaper in some cases.
The US Treasury Department has placed bitcoin addresses on its sanctions list for the first time after two Iranian hackers were charged with extorting millions of dollars through them.
CoinShares released a report analyzing the geographic distribution, composition, efficiency, electricity consumption, and electricity sources of the Bitcoin mining. Based on its estimates, renewable energy accounts for 77.6% of total bitcoin mining energy usage.
News
Bitcoin Price Plunges to New Yearly Low at $3,456: What’s Causing it?
Capitulation? Bitcoin’s Price Dropped 36% in November
Google Searches for “Bitcoin” Increasing, According to Trends
Ohio Becomes First US State to Allow Taxes to Be Paid in Bitcoin
CoinShares report: Renewable energy accounts for 77.6% of total Bitcoin’s energy usage
US Blacklists Bitcoin Addresses of Iranians Behind SamSam Ransomware
Floyd Mayweather, DJ Khaled Settle With SEC for Hyping ICOs
FBI Arrests AriseBank CEO, Indicted for Fraud of Over $4 Million
Trading Ideas
BTC
XRP
ADA
Podcast of the week
Rabbit Hole Recap: Week of 2018.11.26
