Could Github take down Bitcoin's code?

Taking down Bitcoin’s code

GitHub, the repository which hosts the Bitcoin software project, removed several open source software projects due to a copyright complaint lodged by the Recording Industry Association of America.

The removals prompted many to question what would happen if GitHub was pressured to remove Bitcoin's repository from the platform.

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In the news

Prospectors in Russia uncovered over 40 million Troy Ounces of gold this week, causing people to question the precious metal’s scarcity.

Large companies are also investing heavily in Bitcoin, so many people are speculating that the dwindling supply could drive prices even higher.

Bitcoin has been hovering around the $13,000 dollar range for the past week, but a large number of Bitcoin Options which expired on Friday have investors anticipating a volatile end to 2020.

Over $750 Million dollars worth of Bitcoin Options were realized in the last week, leading to increased volatility.

The end of China’s rainy season prompted the Bitcoin hashrate to drop significantly last week. Miners in China take advantage of reduced energy costs during the rainy season, but migrate to other regions when the season comes to an end.

The hashrate has improved a bit as miners get settled in their new locations, but the backlog of unconfirmed transactions still remains at levels we haven’t seen since 2017.

A study published this week showed that 55% of US investors are interested in adding Bitcoin to their portfolios.

That’s a 19% increase compared to last year, and means that the U.S. market could potentially expand to 32 million households.

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