Bitcoin: Child Pornography & The $9,000-Mark

March 21, 2018

2 min

Table of contents

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.

Bitcoin price on Coinrate.com

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.

What should you learn next? Turn the wheel to find out!

rainbow circle

Ask, Bid or Average Price? Quotes Explained

share

previous post

The 2024 US Election: How Will the Markets React?
US election impact on markets
The 2024 US Election: How Will the Markets React?

next post

Morgan Stanley
Morgan Stanley: Bitcoin Behavior Similar to Nasdaq, Only Faster
Morgan Stanley: Bitcoin Behavior Similar to Nasdaq, Only Faster

Latest posts

The 2024 US Election: How Will the Markets React?

31.10.2024

US election impact on markets

Breaking a Losing Streak

29.10.2024

How to Trade Commodities on IQ Option: A 360° Guide

14.10.2024

Trading commodities on IQ Option

The US Presidential Race 2024 Market Influence: What You Need to Know Now

11.10.2024

Top TV Series and Reality Shows about Trading

07.10.2024

Top TV shows about trading

Short Selling: How to Trade Forex in a Downward Market

30.09.2024