Can China Destroy Bitcoin? / Yobit Pumps (and Dumps) – Oct 14th 2018

China has been accused of being a threat to Bitcoin as Chinese mining pools control 74% of the network hash. We look at what mining pools are and my take on this threat. Bitfinex halted fiat deposits, suggesting their relationships with central banks isn’t stable. Yobit exchange is promoting pump and dumps – something that is entirely unethical and meaningless.
0:40 Market analysis
1:37 China to Destroy Bitcoin?
3:46 Bitfinex halts deposits
4:37 SEC Expands Crackdown
6:10 Yobit Pumps (and dumps)

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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.
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