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Venezuela has announced that gas stations nationwide will sell gas at a reduced price in exchange for the state-owned cryptocurrency Petro. However, the government immediately removed local subsidies for gasoline, as a result of which its price rose to $ 0.02 per liter. The new regime will allow...
Stablecoin Tether (USDT) is now available on OMG Network, the Plasma-based Ethereum sidechain, whose public beta was launched on June 1 by the OMG team (previously OmiseGo). According to ETH Gas Station, over the past 30 days, Tether is the largest "consumer" of gas on the Ethereum...
In Canada, on June 1, amendments to the law on financial services that control the activities of crypto firms in the country entered into force. “Financial services now include Canadian and foreign companies that conduct operations with virtual currencies. These operations include services for...
In the expert environment, the number of supporters of such a point of view is growing that further depreciation of the Chinese currency will force traders to massively switch to bitcoin. Among such analysts, FXCoin strategist Yasuo Matsuda stands out. In his opinion, a surge in cryptocurrency...
JPMorgan agreed to pay $ 2.5 million to settle a class-action lawsuit about irrational fees that the bank charged for transactions when purchasing cryptocurrencies. The lawsuit was filed in April 2018 against Chase Bank, a subsidiary of commercial holding JP Morgan Chase, which specializes in...
The Brave cryptocurrency confidential browser implemented the video call option adopting end-to-end encryption. This new service called Brave Together can be applied to make an infinite number of encrypted video conferences for two members. Brave users do not need to register to use this tool. The...
The Calibra wallet has been renamed Novi and transferred to the management of its subsidiary Facebook - Novi Financial. A Novi Financial's statement said that the name Novi was coined as a fusion of the Latin words “Novus” (“new”) and “via” (“path”), and the visual design of the...
Over the past 5 days, the average commission for transactions in the Bitcoin network has decreased by 54%, however, some observers believe that network congestion may push investors to altcoins. A week ago, the average transaction fee made a jump to the level of February 2018, but since then, it...
Bitfury has announced the launch of an investment program for large investors, which offers them alternative access to bitcoin through the company's mining data centers. The company offers to invest in data centers settled in Canada, Norway, Iceland, and Central Asia. The program is touted as...
Amid the acute financial crisis in Argentina, investments in cryptocurrencies are growing. Argentina is currently on the list of Latin American countries leading in terms of Bitcoin purchases through the LocalBitcoins platform. The local peso currency is rapidly losing market position, and people...
A bill on the inheritance of Internet property, including cryptocurrency, has recently been submitted to the Chinese government. Proponents of the adoption of such a document emphasize that the conditions for amending civil law on inheritance are already ripe. That was reported by local media,...
The launch of central bank digital currencies (CBDC) will increase the demand for bitcoin in the global market, analysts at Grayscale say. They note that central bank tokens are regulated instruments. They can be applied within certain boundaries and according to the rules approved by the...
On May 27, Goldman Sachs will hold a telephone conference on the prospects for the US economy and the impact of the current crisis on assets such as gold and bitcoin. The event will be hosted by Goldman’s Investment Strategy Group IT Director Sharmin Mossavar-Rahmani, Harvard University Economics...
For a long time, Latin America led the ranking of regions in terms of the scale of bitcoin trade. Investments in BTC through LocalBitcoins and Paxful have been rising in Venezuela, Argentina, and various countries in the region over the past two years. Still, now the leader position in this rating...
Exactly ten years ago, on May 22, 2010, Laszlo Hanyecz made the first-ever purchase for bitcoin by buying two pizzas for 10,000 BTC. On May 18, Laszlo posted a post on BitcoinTalk stating that he was ready to give 10,000 BTC for two large pizzas from Papa John’s. Of course, Papa John’s did not...
The development team of the Blockchain.com crypto wallet purposes to add support for the Russian currency soon. Currently, users of the service can perform operations with the Turkish lira, US dollar, euro, and British pound. The team lately published a development program for the upcoming years....
The analytical company Chainalysis has published a report that dispels the myth around the use of cryptos to finance terrorism. At the same time, the company points out the harm caused by such misinformation to cryptocurrencies and the reputation of the companies working with them. Chainalysis...
Chinese law enforcement officers arrested a group of scammers who impersonated employees of the Huobi cryptocurrency exchange. Local news outlet Jinse reports that police detained 12 people. These people, through various cryptographic groups on WeChat, spread calls to invest in some kind of...
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