Yesterday, Bitcoin’s price went above $9,000 for the first time in a week, even when reports are underlying blockchain contains hundreds of links to child pornography. Reports, based on a paper published by German researchers, points to a potentially serious legal flaw with the blockchain concept.
Blockchains, which are transaction ledgers that are stored on thousands of computers, are supposed to be immutable, in order to guarantee the integrity of the information they hold. They can theoretically be altered, but only if most of the network’s participants agree to use a new version or “fork” of the blockchain, rather than the original. This has never happened with Bitcoin.
It was already known that blockchains could seriously clash with European data protection laws. The issue of child sexual abuse material is even more politically and legally sensitive. Although, the Bitcoin community doesn’t seem to be concerned about the potential impact of the latest news on the cryptocurrency’s ecosystem.
Bitcoin price has instead been increasing on news that G20 finance ministers aren’t cracking down on cryptocurrencies just yet. The leaders said on Tuesday that they will only propose harmonized global regulations in July, after collecting more information.
MOST TRADED ASSETS
- Binary Options
- Digital Options
- Forex
- Stocks
- Indices
- Commodities
- ETFs
-
EUR/USD
1.04
-0.47% -
USD/JPY
154.77
+0.4% -
AUD/USD
0.65
-0.11% -
GBP/JPY
193.93
-0.03% -
GBP/USD
1.25
-0.43%
-
Shopify Inc.
106.97
-0.13% -
Tesla, Inc.
352.42
+3.6% -
NVIDIA Corporation
141.89
-2.91% -
Amazon.com, Inc.
197.1
-0.68% -
ThyssenKrupp AG
3.79
-2.37%
-
Gold
2712.05
+1.59% -
Crude Oil WTI
71.11
+1.54% -
Crude Oil Brent
74.65
+1.01% -
Silver
31.31
+1.78% -
Natural Gas
3.27
-7.21%
-
US 100
20789.48
+0.51% -
GER 30
19345.8
+0.82% -
US 30
44353
+1.09% -
US 500
5974.97
+0.44% -
JP 225
38620.5
+1.04%
-
Valkyrie Bitcoin Fund (BRRR)
28.1
+1.68% -
Daily Junior Gold Miners Index
45.06
-0.85% -
20+ Year Treasury Bond ETF
90.39
-0.11% -
S&P 500 ETF
595.51
+0.34% -
Bitwise Bitcoin ETF (BITB)
54.06
+1.68%
Your capital might be at risk
Related posts
2 stars of the crypto market: Bitcoin vs. Ethereum
Day Trading Cryptocurrencies on IQ Option
Cryptocurrency News: Where Are We Headed?
Crypto Trading: Still Hot or Not?
Trading CFDs on Crypto with IQ Option
Bitcoin Technical Analysis: July 2020. Bulls or Bears?
Bitcoin Technical Analysis for July 2019
India Taking Back Control of Their Data Against Digital Gangsters?
What should you learn next? Turn the wheel to find out!