Posts in category

News


The inflation rate in Brazil, the world’s ninth largest economy, spiked to its highest level in four years, driving more people to Bitcoin, as indicated by the recent rise in Bitcoin trading volumes. Inflation in Brazil Hits 4.5% President Jair Messias Bolsonaro took office on January 1, 2019. Since then, Brazil’s inflation rate has shown …

0 34

Binance Coin has had a stellar performance since the beginning of 2019. Up more than 315 percent since January 1. BNB has managed to surpass its former all-time high values from January 12th, 2018. The First to Breach Former USD ATH  As Bitcoinist reported earlier this week, Binance Coin is one of the top performing cryptocurrencies, having …

0 35

Coinnest, one of the largest Bitcoin exchanges in South Korea has announced that it will be shutting down following a litany of administrative, financial and legal issues. 5th Largest South Korean Bitcoin Exchange Closes Shop In a statement published on the company’s website on Thursday (April 18, 2019), the platform announced its decision to shut …

0 35

A subsidiary of Chinese firm Huatie has been sold off at 10 percent of its initial value following losses from suspected secret cryptocurrency mining activities amounting to about $23 million. 90 Percent Value Plunged Probably Due to 2018 Bear Market According to Chinese crypto media outlet 8BTC, Huatie HengAn, a subsidiary of Huatie has been …

0 35

Bitcoin hit the headlines in Russia again this week after it emerged the country’s law enforcement had tried to extract a bitcoin bribe worth $1 million. FSB Illegally Sought $1.02 Million As local cryptocurrency news media outlet Coinspot.io reported April 17, a scandal involving Russia’s secret police and the ex-head of one of the country’s …

0 35

Blockstream has announced the success of a “trustless” Bitcoin forward contract transaction with Crypto Garage. The Bitcoin infrastructure developer says the news marks a watershed moment in the actualization of decentralized trading and settlement infrastructure for BTC derivatives. Details of the Transaction In a blog post published by Blockstream on Friday (April 19, 2019), the …

0 34

2020 US Presidential hopeful Andrew Yang has given the clearest sign yet that he welcomes Bitcoin, releasing a dedicated statement on cryptocurrency regulation this week. Yang Highlights ‘Vast Potential’ Yang, whose pitch revolves around radical economic policy such as installing a Universal Basic Income (UBI), said that he would create “clear” legislation on crypto, using …

0 34

Cryptocurrencies who are making the move to the new Binance Chain DEX are seeing some impressive price gains, which could open the floogates for many more to follow.  Chain Migrations Are So Hot Right Now Shortly after announcing the launch of its mainnet yesterday, as well as the details for the BNB swap, Binance revealed …

0 35

The proposed ‘digital assets’ law aims to “legalize ICOs” in Russia and is expected to be reviewed in May. But lawmakers are slowly realizing the futility of regulating Bitcoin and cryptocurrency that are un-regulatable by design.  Russia’s ‘Digital Assets’ Bill Would Legalize ICOs Earlier this week, Russia’s Deputy Finance Minister Alexey Moiseev shared his thoughts …

0 35

Researchers at Adamant Capital say Bitcoin is entering an accumulation phase which will see the cryptocurrency trade in a tight range on the way to another massive bull run. Bitcoin Will be Range Bound in Accumulation Phase In a report published on Thursday (April 18, 2019), analysts at Adamant Capital characterized the present Bitcoin cycle …

0 34