I am in IT Security, so theres definitely some overlap!
But holy crap! Bitcoin fell through the floor last night during daytime trading for Asia. Litecoin and Ether also dropped a lot as well.
It all seems tied back to some "news" from anonymous sources couple days ago (in quotes because nobody knows if it's really or fake), where China is supposedly banning all domestic exchanges. Although these exchanges saying they haven't heard anything from authorities yet.
So, it could be real, in which case we will see what happens, or it could be fake and someone is trying to manipulate the price for whatever reasons.
Either way, markets are reacting, and people are selling out of fear. Even if China banned domestic exchamges, people could still use foreign exchanges (just like someone in China trading stocks on an Americam exchange). There also is apparently no plan to stop OTC exchanges/using bitcoins.
I have no idea where this is going!! Lol
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