Bitcoin

Bitcoin Adoption Gets Stronger in Venezuela As Trading Volume Hits All Time High

February 12th, 2019

Countries with weaker economies and collapsing fiat currencies are at the forefront of crypto adoption. While this phenomenon is witnessed across the globe, Latin American countries, which are facing an economic slowdown, are at the forefront to accept this new form of ‘money’ Venezuela leads the way while others follow The economic situation of Venezuela…

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

February 11th, 2019

On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less fortunate regions like South Sudan. Eatbch Celebrates One Year of Helping People in…

Bitcoin Friendly Micronation Acknowledged by European Commission President

February 11th, 2019

In 2019 the sovereign state of Liberland continues to gather headway by getting recognized by key leaders in the European Union and members of parliament. On Jan. 31, the micronation claiming the parcel of land between Croatia and Serbia was validated by Jean-Claude Juncker, President of the European Commission. Liberland Continues to Strive for Recognition…

BTC Transactions Hit 1-Year High But Volume Remains Sluggish

February 11th, 2019

There’s good news and bad news for traders monitoring onchain data for signs of a market revival. The number of daily transactions has been rising for months, suggesting that BTC is being used for more than merely speculative purposes. Daily trade volume remains sluggish, however, suggesting another bull cycle is still some way off. BTC…

Coinify Adds BCH and Rebrands Its Trading Platform

February 11th, 2019

Coinify, the Copenhagen-based cryptocurrency exchange and payments provider, has announced the introduction of three new virtual currencies to its buy and sell platform. Users can now purchase bitcoin cash (BCH) plus altcoins XLM and BSV directly with bank transfer or credit card. Coinify Users Can Now Use Credit Cards to Buy BCH In a statement…

Rio Carnival to Feature Bitcoin This Year

February 11th, 2019

Imperatriz Leopoldinense, a prominent Brazilian samba school, has chosen money as the theme of its performance during the 2019 Carnaval do Rio de Janeiro, which will be held in the week of March 2 – 9. Its dancers will tell the history of money, from the first metal coins and paper bills to modern day…

BTC Futures Volume Plummets Heading Into 2019

February 11th, 2019

Research carried out by Tradeblock has found the combined trade volume across the futures contracts offered by Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) plummet relative to spot market volume during the second half of 2018. BTC Futures Volume Rivals Combined Trade Activity Across Leading Spot Exchanges During Q3 2018 Despite the…

Venezuela Starts Regulating and Taxing Crypto Remittances

February 11th, 2019

The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Regulating Crypto Remittances The National Superintendency of Crypto Assets and Related Activities…

Localbitcoins to Introduce New User Verification Rules

February 10th, 2019

Peer-to-peer crypto exchange Localbitcoins is preparing to implement updated requirements for the identity verification of its users. The company recently revealed it’s cooperating with regulatory agencies in Finland on the implementation of the latest EU anti-money laundering rules. P2P Exchange Localbitcoins Advising Finnish Regulators In a statement published on its website this week, the popular…

Heavy Borrowers and Near-Failed States Likely to Drive Hyperbitcoinization

February 10th, 2019

A CIA World Factbook entry listing nations’ current account balances shows that big economies and near-failed states share something in common – massive debt. This liability making them strong cases for hyperbitcoinization, which could be exacerbated by an anticipated global economic slowdown. Debt-Ridden Economies Prime Cases for Hyperbitcoinization Hyberbitcoinization theorists have little faith in the…