South African Payment Gateway Drops BTC Over Fees and Network Congestion

On July 12, South African payment gateway service Payfast announced the company is dropping bitcoin core (BTC) payments due to network congestion and high fees. Payfast emphasized that BTC has a number of limitations and design flaws which makes it an “impractical substitute for cash.” Also read: G20 Leaders Issue Declaration on Crypto Assets – … Read more

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to … Read more

Bitcoin Cash Community on Bitkan’s K-Site Raises Funds for BCH Development

Last year news.Bitcoin.com spoke with the cofounder of Bitkan, Fang Yu, about the company’s K-Site project, which acts as a decentralized media outlet, micro-blog and forum with rewards. Just recently, Bitkan spoke with news.Bitcoin.com about K-Site’s growth and how the platform’s BCH community raised funds for the Bitcoin Cash Development Fund. Bitkan highlighted that the … Read more

Bitcoin, Bitcoin Cash and EOS Price Prediction And Analysis For 11 July: BTC, BCH, and EOS

Bitcoin Price Analysis (BTC/USD) In the last 24hrs, BTC/USD pair exhibited a bearish outlook.  BTC began the sell-off after a short-term period of consolidation that consolidated below $12864.  The downtrend was supported by the 21 day MA that was seen gravitating above the 7 day MA that indicated a bearish sign.  In addition, the descending … Read more

Market Outlook: Gold and Crypto Reap the Benefits of Economic Fear

Cryptocurrencies have recovered from losses incurred a week ago, with many digital assets up 50-80% since July 2. For instance, eight days ago bitcoin core (BTC) tumbled to $9,650 and then back to a high of $13,150 yesterday evening. However, during the afternoon trading sessions on Wednesday, most of the top 20 cryptocurrencies have seen … Read more

Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society

It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference and history explains why. Also Read: IRS Agents Propose … Read more

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