Tether's price drops, Visa and MasterCard are working on ban, Constantinople faces issue, new regulation from Hong Kong, church should pay for mining, LTC's 7th anniversary
- Today KuCoin temporarily closed deposits and withdrawals of Tether (USDT), which might have caused the stablecoin’s dramatic plunge down to about $0.92.
- MasterCard and VISA are proceeding with their actions against ICOs, Cryptocurrencies, Forex trading, and binary options.
- Ethereum’s Constantinople hard fork was tested on the Ropsten network and faced consensus issue. The developers are trying to solve the problem, but the hard fork is unlikely to be activated this year.
- Carlson Tong Ka-shing tells South China Morning Post a complete ban on cryptocurrency platforms will not be the appropriate move in the internet era. Banning such platforms will only compel its citizens to look for alternative solutions in foreign markets.
- A protestant church in Irkutsk Oblast, Russia, has been accused of mining cryptocurrency and asked to pay its electricity bills at higher rates, those applicable to corporate entities and industrial enterprises, because of what has been deemed an excessive power consumption.
- Litecoin has celebrated its 7th anniversary. Litecoin’s Genesis block was mined on the 8th of October 2011 by Charlie Lee. Five days later, after being put to a vote, this ‘Genesis Hash’ was publicly released and on the 13th of October 2011 the network was opened.
- BTC rises up to the price of $6,668, ETH comes to $215.69 at the moment of writing.