Hodler's Digest, June 11-17: A Regulatory Win for Ethereum and a Falling Market

Tom Lee released a report this week that posited that the reason for the falling price of Bitcoin can be linked to the expiration of Bitcoin futures contracts.

In an interview this week, Ripple CEO Brad Garlinghouse stated that an "Underreported" story about cryptocurrency is that four miners in China control more than 50 percent of Bitcoin, meaning that China essentially controls Bitcoin.

"Bitcoin is really controlled by China. There are four miners in China that control over 50 percent of Bitcoin. How do we know that China won't intervene? How many countries want to use a Chinese-controlled currency? It's just not going to happen,"- Brad Garlinghouse, Ripple CEO. "[Bitcoin] has this tenacity to it which it just keeps coming back.

"Blockchain Ireland" will work on collaboration with international companies on blockchain tech and will include an online platform touting Ireland's "Ideal location" for int'l blockchain firms.

Chrome Adblock Plus Extension Uses Blockchain To Spot "Fake News".Adblock Plus developer eyeo GmbH will be using blockchain for its beta Trusted News browser extension that labels fake news media while marking the trustworthy sites.

The president of CBOE-which released the first Bitcoin futures last December-said that the SEC's recent decision that Ethereum will not be regulated as a security has removed a big "Stumbling block" from the possibility of offering Ether futures.

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

An Italian court has ordered the seizure of Bitcoin from the wallets of hacked crypto exchange BitGrail, with the amount of Bitcoin taken unspecified.

According to the researchers, Bitcoin's December price rise to $20,000 was due to Tether and its issuer Bitfinex, as purchases with Tether were timed with market downturns, thus causing Bitcoin's price to go up.

Dutch Financial Authority Has "Serious Doubts" About Crypto Entities Following Laws.The Netherlands Authority for the Financial Markets sent a letter to market participants offering crypto investment opportunities this week, noting that it has "Serious doubts" about whether they are conforming to licensing obligations.