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The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded … Read more
Economic sanctions have led to polarizing views on cryptocurrencies in Iran Go to Source Powered by WPeMatico
South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Preventing Money Laundering Bithumb announced … Read more
Before all the Lambo memes, shady no-product ICOs, and get-rich-quick schemes invaded the scene, Bitcoin was meant to disrupt the current economic system. Today’s edition of Bitcoin in Brief showcases how that promise is starting to materialize in different fields, including the future of elections and geopolitics. Also Read: Bitcoin in Brief Monday: New EU … Read more
Iran and Russia discussed the use of crypto with the aim of avoiding international sanctions, also noting that crypto could replace the SWIFT interbank system Go to Source Powered by WPeMatico
In today’s edition of Bitcoin in Brief we’re focusing on developments in the realm of international politics and economics regarding cryptocurrencies. The Organization of Economic Cooperation and Development is looking into the possible uses of digital coins and the associated technologies. Kazakhstan is calling for the adoption of common crypto rules by the United Nations, … Read more
An interesting situation is taking place in Iran as of right now. Although it is not a situation that favors the Iranian people, the overall trend is quite remarkable. Due to President Trump’s recent decision to renege on the Iran nuclear deal, growing numbers of Iranians are now looking to get money out of the … Read more
Iran: both government and individuals are turning to crypto in the midst of the country’s economic turmoil as the US exits the nuclear accord deal Go to Source Powered by WPeMatico
The chairman of the economic committee of Iran’s parliament has revealed that Iranians have sent more than $2.5 billion out of the country to purchase cryptocurrencies with. His statement follows the country’s central bank banning local banks from dealing with digital currencies including bitcoin. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space $2.5 Billion … Read more
Bitcoin has fallen by roughly $400 and is now trading for $8,900. Yesterday, we discussed potential resistance between the $9,000 to 9,300 range, and now that speculation is crossing into reality, though it’s unclear if the currency is slated to stay here for much longer. Prior to the drop came a bitcoin trading ban in … Read more
