Mexico’s central bank, Banco de México, is reportedly leveraging the country’s new fintech law to propose further regulations that would, in all but definition, ban cryptocurrency exchanges. According to a report from Washington, D.C.-based non-profit research and advocacy center Coin Center, the proposed laws in Mexico would hamstring cryptocurrency exchanges ability to access the local banking system. In doing so, cryptocurrency exchanges would be effectively banned, even though the law would not explicitly forbid their operation. The proposed regulation reportedly comes straight from Mexico’s central bank, which surely has little…
Read MoreDay: March 22, 2019
Ethereum Price Analysis: ETH Loses the Daily Uptrend
Ethereum price (ETH) has halted its upward trend, highlighting that confirmation bias is a dangerous thing. Let’s take a look at the current situation and where ETH/USD may be headed next. Ethereum Price Stirs Bears While the general market set up was bullish up till this morning, the echo chamber of bullish news and moon sighting technical analysts coming from all angles seems to be generating a bit of confirmation bias within the crypto community. Hopefully today’s Ethereum price pullback will serve as a reminder that just because everyone says…
Read MoreBinance Research: USD Correlations Increasing, Bitcoin Correlations Decreasing
Binance, one of the world’s most popular and largest cryptocurrency exchanges, has released a report investigating price correlations between major cryptocurrencies. The report comes specifically from Binance Research, the exchange’s market analysis team. The research report, titled “Are Cryptoassets Highly Correlated?: An exploration of relationships between Bitcoin and other large cap digital assets,” was published on March 20. It reveals that there are other elements that potentially influence the correlation between digital currencies and cryptoassets, which tend to move in tandem. (Namely, where Bitcoin goes, the altcoins follow.) Some of…
Read MoreWhy Africa Continues to Lag Behind in Cryptocurrency Adoption
Africa continues to dominate Google Trends search interest for “bitcoin,” but that has not translated into widespread adoption of cryptocurrency by users and businesses. Apart from opaque regulation and a lack of awareness, one of the major reasons for this failure has been the expansive use of mobile money on the continent. Also read: Report: 87% of Crypto Exchanges May Be Falsifying Volume Crypto Adoption Disappoints, Even as Africa Dominates Bitcoin Search Interest According to Google Trends, the biggest search interest for bitcoin in the world is by potential investors…
Read MoreNew Bitcoin Lightning App Scratches Online Content Monetization Itch
A new Bitcoin Lightning app presents an interesting take on the ‘paywall for written content’ concept where users crowdfund ‘scratching off’ one letter at a time. Scratch That Itch Bangkok-based French developer, Guillaume Verbal, unleashed an interesting take on the ‘paywall for written content’ concept this week: a Bitcoin Lightning app where users crowdfund the reveal of a post by ‘scratching off’ one letter at a time. Lightning Scratchcard brings a genuinely innovative twist to the ‘content-paywall’ genre, providing a brand new way to earn some satoshis. The content creator publishes…
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