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A small bank from Argentina, Banco Masventas, announced this week that it’s allowing customers to make settlements using BTC as a payment rail. Argentina Banco Masventas says the firm partnered with the exchange Bitex, and believes the service will reduce costs associated with international transfers. Also Read: Tim Draper Advises Argentina’s President to Invest in Bitcoin … Read more
On May 13 2018, the Reserve Bank Of Zimbabwe (RBZ) issued guidelines in a circular that detailed cryptocurrency activities taking place within the country are now banned. The RBZ further stated that domestic digital currency operations had sixty days to become compliant. Local reports now reveal the Zimbabwe-based cryptocurrency exchange Golix plans to take the … Read more
According to multiple reports, the Pentagon and the Defense Department are debating on whether or not cryptocurrency ownership is a problem for those who have U.S. security clearances and those applying for these privileges. The U.S. agencies may define digital currency owners as a ‘security risk’ in order to protect foreign and domestic classified information. … Read more
CNBC’s Fast Money hosts and panel were on the defensive during a recent broadcast, as some viewers accused the network of shilling for bitcoin cash (BCH). And, truth be told, CNBC has been showing the decentralized cryptocurrency an inordinate amount of love lately. A segment by a popular analyst, where he forecasts even bigger things … Read more
In the world of cryptocurrency, controversy is not all that difficult to come by. This is especially true when it comes to exchanges and trading platforms which share client information with the government. After the recent Coinbase-IRS debacle, it now seems Bitfinex is handing over a lot of customer information to the authorities as well. Bitfinex Stirs the pot While … Read more
The Australian Competition & Consumer Commission (ACCC) has released a report on trends within the scam economy during 2017. The report identifies cryptocurrency related fraud to comprise less than 1% of the scam activity recorded in Australia last year. Also Read: Ross Ulbricht Continues to Fight for Freedom With Supreme Court Petition Cryptocurrency Scams Responsible for … Read more
At press time, bitcoin is trading for roughly $8,220 – about $130 less than where it stood yesterday. One source places current resistance levels at $8,600, which bitcoin was previously unable to break. The currency rose to the $8,500 mark 48 hours ago, but has incurred subsequent drops ever since. In addition, bitcoin has also … Read more
In the world of cryptocurrency, masternodes play an increasingly important role. They incentivize coin holders to lock up vast amounts of a specific currency and provide valuable services to the network in the process. However, there are some concerns when setting up such masternodes, especially when it comes to people who do so for others. Criminals Target Masternode Newbies … Read more
On May 22, the bitcoin community celebrated the second most important date in its calendar. No other date, save for January 3, 2009 when Satoshi mined the genesis block, is more symbolic. It was on May 22, 2010 that Laszlo Hanyecz purchased two pizzas for 10,000 BTC. Eight years on, the occasion has become part … Read more
Cryptocurrencies could easily become the money of the future. Due to their global appeal and increasing popularity, it seems to be only a matter of time until such a transformation takes place. The Floating Island Project, however, is taking a slightly different approach. It will become the world’s first floating nation and apparently use its own cryptocurrency … Read more