YouTube Cracks Down on Crypto Channels – December 26

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$7,231

Bitcoin price has remained relatively unchanged over Christmas day, still hovering around the $7,200 mark.

Top-20 altcoins also appear to have taken a holiday, with XRP and Ethereum both moving less than half a percent. HedgeTrade is the biggest gainer, up 7%.

Top Stories for December 26, 2019 🔥

👉 YouTube Cracks Down on Crypto Channels

YouTube has taken down several videos from well-known cryptocurrency influencers, in an apparent crack-down on the industry.

According to influencer Chris Dunn, all crypto-related videos were taken down from his channel and cited as “harmful or dangerous content” or “sale of regulated goods”.

👉 Chinese Police Carry Out Raids on Illegal Crypto Activity

Reports have stated that almost 7,000 pieces of cryptocurrency mining equipment have been seized by Chinese police, in the city of Tangshan.

790 mining rigs were seized in the most recent raid, which are claimed to consume as much electricity as 5,000 Chinese households.

👉 Bitcoin Hashrate Reaches New All-Time High

Bitcoin has reached a new all-time high in hashrate, hitting 115 EH/s. This is an increase by more than a third of the hashrate at the beginning of the year.

The new high was short-lived, however, dropping back to 80 EH/s. The drop has been blamed on a Chinese crack-down on miners.