Mexican Central Bank Looks to Hamstring Cryptocurrency Exchanges

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…

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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…

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Binance 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…

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Why 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…

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New 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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8 Useful Browser Extensions for Cryptocurrency Users

Extensions, also known as plugins, provide a one-click way to customize your web browser. From filtering out offensive words to blocking unwanted ads, there’s a browser extension for that. Cryptocurrency users have a particular need for plugins to enhance their privacy, perform crypto payments in-browser, and check market prices. Whether you use Chrome, Brave, Firefox, Safari, or Opera, some of the following extensions may come in handy. Also read: Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents Privacy and Precautions While plugins can add utility and convenience, remember…

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Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property. Also Read: Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright So-Called Satoshi’s Quest to Patent the Blockchain The notorious Craig Wright, a man who claims to be Satoshi Nakamoto, is continuing his effort to obtain hundreds…

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Dubai’s First Bitcoin ATM Removed After Just 2 Days

Earlier this week, we reported that the first Bitcoin ATM in Dubai had arrived. Like many Bitcoin ATMs, you couldn’t make withdrawals–but you could buy bitcoin with cash, and no ID or KYC. Two days later, that machine has been removed. First Bitcoin ATM in Dubai Lasted Less Than a Week Just as Bitcoin ATMs are gaining traction around the world, this week seemed like a giant leap forward for the UAE. However, the operational machine in Dubai hotel and wellness center Rixos Premium Dubai JBR  has already been removed. …

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Switzerland Moves Forward to Fit Cryptocurrency Into Traditional Regulations

 The Federal Assembly of Switzerland has voted in favor of putting cryptocurrency on equal footing as traditional assets. A Hesitant Vote 99 members of the National Council, Switzerland’s lower house of the Federal Assembly, have supported a motion to put forward proposed regulations by liberal public representative Giovanni Merlini. 83 people voted against, while 10 refrained from voting at all. The proposed regulations will now have to be considered by the Council of States, which is the Federal Assembly’s upper house. Switzerland’s Federal Assembly is the country’s legislative authority. Per…

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Why Bitcoin Dominance Dropping to 7-Month Low is Bullish for Price

The Bitcoin (BTC) market capitalization dominance currently being at its lowest level in seven months is not exactly bad news. Why? Because the lowest Bitcoin dominance indices have historically coincided with a higher bitcoin price.  Bitcoin Dominance Slips Despite Price Gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This figure represents the lowest market dominance since mid-August 2018. Data shows that Bitcoin’s share of the total cryptocurrency market capitalization has been sliding downwards since the latter part of January 2019. The drop in market…

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