Barry Silbert, creator of the Bitcoin Trust, says it's because there are "more sellers than buyers." What will make it go back up? "More buyers than sellers." [via]
Bitcoin is collapsing
I can't believe it took this long for someone to make a Bitcoin-mining space heater
The Heatbit is a new space heater that allegedly uses the energy produced by calculation-intensive Bitcoin mining to heat your home. It also costs $1200, though the company insists that… READ THE REST
Crypto electricity use falling with its value
As cryptocurrency loses its value, less electricity is being used, reports Alex Hern for The Guardian. It's a simple problem: the cost of energy isn't falling, so it's becoming uneconomical… READ THE REST
Bitcoin hits 18-month low
Bitcoin's teasing its holders with a sub-$20k valuation for the first time in 18 months, reports NBC News. It's at $21,013 this morning. The world's largest cryptocurrency fell as much… READ THE REST
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