Category: Uncategorized

It appears that the Iranian people are losing trust in the rial as it continues to depreciate in value. In response, the government of Iran is trying to prevent them from getting their hands on foreign currency, providing another example of the need for bitcoin. We should expect to see a growth in local bitcoin use as this situation develops, just as has happened in Venezuela and elsewhere. Also Read: How the Government Gave Your Money to the Banks – Again and Again No More Currency Exchange Shops The Central…

Read More

Heavy footfall, the call to action, a pay what you want strategy for instant payments accepted worldwide. Here’s why cryptocurrency could soon become the buskers’ preferred virtual hat. Picture the Scene It’s Sunday afternoon and you’re doing some browsing at a local market. You’ve just got yourself some tasty tacos from one of the food stands. Yes, I meant real physical browsing, not sitting at home in front of your computer screen! Looking for somewhere to enjoy your tacos, you notice a crowd gathered around a group of street musicians. They’re…

Read More

Chinese traders in Moscow’s huge wholesale bazaars have become the most active buyers and sellers of cryptocurrency in the Russian capital. The retail turnover there is estimated at almost $10 billion a month. Authorities say that most of it is converted to cryptocurrencies and sent back to China where it‘s exchanged to yuan.    Also read: Cryptocurrency Is the Main Income for 12% of Russian Crypto Users Crypto Flows Considered Easier To Track than Cash The three largest bazaars in the Russian capital, “Moskva”, “Sadovod”, and “Food City”, make about…

Read More

Israeli equity investors seem to maintain a strong appetite for exposure to the bitcoin ecosystem. The value of a public company traded on the TASE has increased by almost half after it officially completed a deal with Canadian miner Bitfarms.    Also Read: How the Government Gave Your Money to the Banks – Again and Again Bitfarms Merger Complete Tel Aviv Stock Exchange listed company Blockchain Mining Ltd. (TASE:BLCM) has announced on Sunday it completed that the merger with Canada’s Backbone Hosting Solutions Inc., operating under the commercial brand Bitfarms.…

Read More

Ripple, the most centralized cryptocurrency among the market leaders, has asked regulators in the UK to follow Japan’s example by ramping up the rules and acting to corral the untamed cryptocurrency market. Ripple Likes Rules As reported by The Telegraph, Ripple’s head of regulatory relations, Ryan Zagone, has requested that UK regulators find the sweet spot between “capturing risk and enabling innovation,” while specifying three “pillars” for lawmakers to focus their regulations on – consumer protection, anti-money laundering, and financial stability. He stated: We’re at that time now where we need more clarity and…

Read More

The Hanoi Department of Industry and Trade has prohibited organizations and individuals involved in e-commerce business in the city from using bitcoin and other cryptocurrencies. This follows a directive signed by the country’s prime minister intended to strengthen the legal framework of cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Banning Crypto Use in E-commerce The Hanoi Department of Industry and Trade announced on Saturday that it has sent document No. 1638 / SCT-QLTM to “organizations and individuals directly or indirectly related to e-commerce business in Hanoi [to]…

Read More

Bitcoin in Brief today is slanted toward a crypto winter slowly thawing, as Pantera Capital bets on a moonshot price point. Also, the world’s most popular decentralized digital asset has been forked more than a plate of good pasta; there’s a growing list of countries who’re less likely to nab your crypto profits; Yahoo! smashes rumors; and a good-hearted wager between bitcoin core and bitcoin cash partisans exemplifies how ecosystem actors should treat one another. Also read: Bitcoin in Brief Saturday: Hide Your Seed A Panther’s Moonshot Bulls have a…

Read More

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Digital Ticks, the hot, new ICO in town is out with their First Look of Mobile app of their exchange well ahead of their schedule! This is very exciting news as this is no ordinary crypto exchange. Digital Ticks is the first ever Commodity Crypto…

Read More

The Bermuda Monetary Authority has issued a consultation paper on draft regulations pertaining to “virtual currency businesses” and initial coin offerings (ICOs). The proposed bill seeks to create a framework that encourages and fosters the development of Bermuda’s nascent cryptocurrency industry. Also Read: 16 Government-Approved Crypto Exchanges Have Formed Self-Regulatory Group in Japan Bermuda Reveals Regulatory Proposals for Crypto Industry The minister of national security, Wayne Caines, described the proposed regulations a “landmark legislation for Bermuda,” adding that “The emergence of new financial products and services created through the use of…

Read More

Last night, Bitcoinist reported that Binance, one of the most popular cryptocurrency exchanges in the world, would likely be executing its unspecified quarterly coin burn sometime today — which is exactly what happened. Burn Victims Earlier today, the Binance team announced the results of its Q2 2018 coin burn in an official post on the exchange’s support page, writing: Fellow Binancians, In accordance with our whitepaper, we have now completed the burn of 2,220,314 BNB (roughly $30MM USD equivalent) for the our [sic] 3rd quarter. Thanks for your support! Immediately…

Read More