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The OTC bitcoin trading market appears to be attracting big banks and brokers from all over the world who wish to secure a piece of this growing pie for themselves. And the latest company that might create a brokerage specifically for the field is from the largest economy of South America. Also Read: Barclays Testing … Read more
In the cryptocurrency ecosystem, the concept of prediction markets is a topical subject. There are a few projects in the works hoping to build decentralized prediction markets such as Augur and Hivemind. One particular project, although not fully ‘trustless’ at the moment, Fairlay, has been moving a staggering amount of volume over the past few … Read more
After the Chinese government banned local bitcoin exchanges from operating in the country some industrious people have begun going abroad to buy the cryptocurrency and reselling it in China for a premium. There are now so many of these ‘bitcoin mules’ that their profit margins are rapidly declining. Also Read: Okex Fights Market Manipulation … Read more
Chilean cryptocurrency exchanges Buda, Orionx, and Cryptomkt were given notice their accounts will be closed by Banco del Estado de Chile. This comes after the three were also targeted with account closings by Itaú Unibanco Holding S.A. of Brazil and The Bank of Nova Scotia (Scotiabank of Canada). Also read: Trezor to Implement Bitcoin Cash Addresses … Read more
Cambodia’s cryptocurrency sector appears to be marching forward, despite the absence of clear regulatory guidelines pertaining to virtual currencies. Also Read: PBOC to Strengthen Cryptocurrency Regulations in 2018 Regulatory Ambiguity Fails to Deter Cambodia’s Cryptocurrency Sector A report published by The Phnom Penh Post suggests that Cambodia’s virtual currency industry is pressing forward in spite of … Read more
With an estimated population of hundreds of millions of unbanked and underbanked people, Africa is a prime location for game changing financial technologies like bitcoin to take hold. A new report shows again that while not reaching the speculative online trading volume of Asia or the West, Africans are investing in bitcoin in growing numbers, … Read more
Abc News has published a report detailing the rising popularity of bitcoin among the citizenry of the Ugandan capital city of Kampala. The report describes many Ugandan bitcoin adopters as professionals seeking a supplementary income, in addition to jobless millennials seeking a means to escape a life of minimal economic opportunity. Also Read: Study: 70% of Crypto … Read more
The price of BTC had increased in value significantly over the years, reaching $19,600 at its highest peak – and the exchange rate rests at $8,500 today. This is a stark contrast to just over a year ago when the digital currency’s value was under $1,000 per coin. Since the fiat value has increased so … Read more
Despite repeated warnings from the central bank of Indonesia about the supposed risks of cryptocurrency trading, everyday people keep turning to bitcoin in this highly populated Asian country. In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before … Read more
Just recently the audience intelligence company, Pulsar, published a report examining the mainstream adoption of cryptocurrencies. Rather than measure interest using prices, trade volume, and market capitalization the comprehensive study analyzed data using over 5 million mentions across social media September 14, 2017 – January 8, 2018. Also Read: Coinbase Reveals ‘Overhauled’ Changes and Tax Tools … Read more