#crytpocurrency

Crypto is failing. Good.

China is cracking down on crypto-currencies, and prices are plummeting. After an incredibly bullish year of rapidly inflating prices, suddenly, it seems that the music has stopped on this game of musical chairs, and there was never a throne to begin with: at about 10am EST on May 23 (the time of this writing), the crypto market is down about 10% overall. According to https://coincodex.com, the…

The blockchain business is Now growing at a fast pace and should in some unspecified time in the future be the backbone of most world networks. A blockchain is also a public ledger of all Bitcoin transactions ever executed. New blocks or else to that in a very linear, written account order.

https://medium.com/@sjessi757/blockchain-technology-benefits-for-startups-or-entrepreneurs-286abc8759c2

NEW YORK/SINGAPORE/PARIS, Jan 24 (Reuters) - Crypto markets crept up on Friday, still holding below recent highs even after President Donald Trump ordered a new working group to draw up crypto regulations long hoped for by the industry and explore the creation of a U.S. cryptocurrency stockpile.

Bitcoin has been broadly steady since Trump took office on Monday, pushing the world's biggest cryptocurrency to a fresh record of $109,071. It was last trading around $106,000 on Friday as some of the euphoria around a hoped-for revolution in cryptocurrency regulation ebbed.

Bitcoin had been one of the most spectacular "Trump trades," gaining 50% to break above $100,000 and hitting fresh highs since Trump's election victory in November.

Trump courted crypto campaign cash with promises to reverse the Biden administration's crackdown on the industry and be a "crypto president" and this week his administration began delivering on that pledge.