Day: July 4, 2019

President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

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Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4. According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the Bank of Venezuela.” The announcement apparently came during an event celebrating the tenth anniversary of the nationalization of the bank in question. On June 19, Maduro announced that 924 million bolivars (over $92.5 million) were allocated to the…

Ethereum Prefered For dApps, ETH Prices and User Activity Correlate

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Ethereum (ETH) prices unchanged Developers prefer Ethereum as the smart contracting space heats up A latest dApp research report backs Ethereum. Despite limitations, Ethereum is a top-choice for developers. Meanwhile, prices are stable. Because of June 26-27 candlestick arrangement, there is a chance of ETH prices printing lower in days ahead. Ethereum Price Analysis Fundamentals Tokenization is possible because of smart contracts. Ethereum showed the way, and now the space is congested. With various platforms promising ultra-high throughput sometimes in the tune of millions, Ethereum’s position could be under threat…

Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

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Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3. The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager Dalma Capital, who plan to tokenize a number of traditional assets using the Tezos blockchain and smart contracts platform.  According to the announcement, Dalma Capital is planning to use the Tezos blockchain for digitizing…

Bitcoin Traps Gold’s Market Share as Sovereign Bonds Become Unattractive

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Bitcoin’s revival is considered to be Facebook’s Libra doing. The social media’s giant sudden foray into the cryptocurrency industry gave bitcoin, as many believe, a perfect reason to grow its valuation. That is until one considers a simultaneous price rally that took place in the gold market. Bitcoin’s rise above the $13,000 level has only one potential link to the yellow metal’s ascent above $1,400 an ounce: a weaker US dollar sentiment. Bitcoin has Recovered by More than 275% Since Its Bounce Back from the $3,120 Level | Image Credits:…

Blockchain Draft Bill to be Ready This Year

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The finance minister of Cyprus, Harris Georgiades, has said that the country’s blockchain regulation draft will be ready this year. English-language local finance news outlet FinancialMirror reported the news on July 4. Per the report, Georgiades described blockchain technology as “a new technological revolution similar to that of the internet.” Demetris Syllouris, House speaker, also praised the technology’s potential during the event: “Full implementation of this technology across the public and private sector is expected to radically change the structures of modern societies, the way they are organized and their…

How Malta Is Becoming the Global Capital of Crypto

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Some things never change, like the Megalithic Temples built in Malta over 5,000 years ago. These days, however, that may be the only thing that remains unchanged in Malta. With a population of just under half a million and being mostly famous as a destination for European teenagers to study English during their summer vacation, Malta has recently become a star on the crypto map.  Having already had a positive experience hosting online gambling companies, which makes up a very significant portion (13%) of Malta’s GDP, the island is now…

Bitcoin Price Recovery Banishes Slump as Momentum Tests $12,000

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On strictly regulated crypto exchanges such as Coinbase, the bitcoin price fell to $9,700 on July 2, recording a 30 percent drop from its yearly peak at $13,868 achieved in late June. In the past two days, within a 48-hour span, the bitcoin price has shown rapid recovery from $9,700 to $11,800, demonstrating a four percent gain on the day against the U.S. dollar. What is fueling the momentum of bitcoin? According to Holger Zschaepitz, a financial analyst at Welt, the bitcoin price has closely resembled the performance of gold…

Coinsquare to Upgrade Traditional ATMs for Bitcoin Purchase

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According to a press release from July 3, 2019, Coinsquare, in conjunction with Just Cash, will use a software that would update millions of traditional ATMs and enable them to purchase bitcoin and other cryptocurrencies. Through this upgrade, more users would have access to virtual currency via a well-known mechanism. Bitcoin Purchase Coming to Bank ATMs Leading Canadian cryptocurrency trading platform Coinsquare is collaborating with Just Cash to make Bitcoin transactions easy for millions of users. In the press release, the exchange also announced an undisclosed controlling investment position in…

Crypto Company Gives Individuals a Chance to Mine Bitcoin Without Sky-High Energy Bills

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With demand for Bitcoin on the rise in response to soaring prices of late, attention is increasingly being turned to mining. However, the market has changed from the early days of cryptocurrency, when Bitcoin was in plentiful supply, as few knew about the opportunity and high mining rewards could be gained by individuals using a small setup at home. These days, an unhelpful combination of fierce competition, algorithmic difficulties and high maintenance costs often mean it’s economically unviable to fly solo when mining crypto. In response, a novel alternative has emerged…

39,000 More Merchants Can Accept Litecoin With Flexa Integration

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New York-based blockchain payment startup Flexa has added litecoin (LTC) as the fifth crypto accepted by merchants on its payment network, the company officially announced on July 3. Following the listing, litecoin is now accepted as payment at more than 39,250 locations, as Flexa tweeted yesterday. Litecoin, the fourth biggest crypto by market cap, has become the first cryptocurrency to be added to the list of supported coins within Flexa network since its launch on May 13, the firm stated. Through the first application built on Flexa network, Spedn, the…