Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers behind this crisis that made […]
The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]
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Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]
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As Venezuela begins regulating cryptocurrency, BTC trading volumes in the country hit record highs on several exchanges. Amid fast-growing crypto adoption, peer-to-peer trading platforms such as Localbitcoins and Paxful have reported significant increases in the number of BTC traded in Venezuela. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Record BTC […]
The post Venezuela’s Volumes Hit Record Highs as Crypto Regulations Commence appeared first on Bitcoin News.
Buying bitcoin is not a revolutionary act. Nor should it be. And yet the way statists, apparatchiks and politicians bang on, you’d think the mere act of acquiring digital currency was akin to receiving the keys to a pandora’s box in which lurks every illicit artifact known to man. One day, these dinosaurs will begrudgingly concede […]
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There’s a good chance you’ve talked to a friend about Bitcoin. Or maybe heard about this “crazy digital currency” in the news, but haven’t tried to obtain any because you think it might be difficult. These days, acquiring cryptocurrency is actually very easy, with various avenues you can take to purchase your first coins. Also […]
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Interest towards cryptocurrencies in Russia remained relatively stable throughout 2018, despite the significant drop in their prices. Ruble-denominated trade on Localbitcoins, for example, has shown a generally positive trend since last spring. In the past year, Russians also saw a growing number of other options to purchase digital coins. Also read: Abkhazia Temporarily Shuts Down […]
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Buying cryptocurrency in Russia these days increasingly means parting with fiat cash, be it Russian rubles or American dollars. According to numbers quoted by local media, the 24-hour market turnover, just in Moscow, reaches a staggering $50 million dollars on peak days. Some say the cash-crypto trade resembles the wild-wild-east street forex of the 90s, […]
The post Cash to Crypto Trade Blooming in Moscow, Reports Say appeared first on Bitcoin News.
Privacy preservation is one of cryptocurrency’s defining characteristics. Digital assets such as bitcoin provide a far higher degree of anonymity and surety than traditional online payment methods such as credit card or Paypal. There’s just one problem: buying bitcoin without disclosing your most intimate details isn’t easy. The following options, which don’t require KYC, are […]
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Latest reporting out of Washington appear to signal no deal struck between the Trump administration and the government of Turkey under President Recep Tayyip Erdoğan, potentially deepening an already fragile financial situation. Turkey’s lira has crashed double digits in recent months, and further as tensions between the two countries, over an American pastor’s jailing, continue […]
The post Trump vs Erdoğan: Bitcoin Is the Answer to Turkey’s Financial Chaos appeared first on Bitcoin News.
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