Bitcoin's exchanges seem to have faced problems last night along with the value of its value, functioning as an electrocardiogram directly linked to political decisions.
It's going to be a rough day for Bitcoin as the US government is reportedly targeting it eye of in large cryptocurrency transactions.
The Coinbase and Gemini, two of the most popular cryptocurrency exchanges in the world, they had great difficulty in completing transactions, and there were many reports that indicated that many of the users were unable to connect.
It all started because it is possible to ask the American courts in Coinbase to deliver transaction papers. Does it look like a bubble exploding?
Before you panic, let's look at the situation a little. Bitcoin fell in value and reached 9,000 dollars almost losing 1K in a few hours, but before that it had reached 10.000 dollars. These are the good news.
The bad news, according to a tweet from Professor Alan Woodward, a security expert from the University of Surrey, refer to a document requesting records of all transactions over $20.000 between 2013 and 2015.
It is very likely that this document indicates that we should expect some information in the form of regulatory measures (taxes), at least in California where the document was filed.
hmmmm pic.twitter.com/qSPvFfCB69
- Alan Woodward (@ProfWoodward) November 29, 2017
There is, however, no reason to indicate that there is any link between Coinbase's inability to process transactions, or the losses in the Bitcoin price.
Of course, there have been thousands of warnings such as "get out while you can still." But for each of these warnings there are even more people shouting do not leave.
The fact that Bitcoin has bounced back today suggests that the best strategy for now is to wait and see how the rest of the week plays out.team.
But be prepared for any eventuality…