Bitcoin Is a Threat to the Energy-Use Status Quo – and That’s a Good Thing

Banning or taxing crypto mining out of existence isn’t going to solve this country’s issues around power consumption and grid stability – but supporting Bitcoin just might.

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House Sold In Portugal For 3 Bitcoin In Country’s First-Ever Direct Transaction

An apartment in Braga, Portugal was directly sold for bitcoin for the first time in the country, without needing a conversion into euros.

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‘We Can Expect A Parabolic Move For Bitcoin In The Coming Months,’ Says UK Gov STA

UK Government Senior Trainee Actuary is bullish on Bitcoin despite country’s strict anti-crypto laws. Bitcoin is poised to do numbers in the long term, he reckons. The UK government continues to tighten crypto laws in the country.

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Fidelity Will Be Canada’s First-Ever Bitcoin Custodian

Fidelity has secured Canada’s selection from regulators to become the country’s first-ever bitcoin custodian. The move will allow the financial services firm to operate bitcoin custody and trading in the country, geared towards institutional investors.

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3 Days Until El Salvador Adopts Bitcoin – Calm Before The Storm

El Salvador is close to becoming the first country to give Bitcoin the status of legal tender after the Bitcoin Law comes into effect. The government of the country has taken steps to ensure a smooth transition including the development of a national wallet and incentivizing the use of the cryptocurrency. Despite all of this, […]

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All About The Bitcoin Adoption Revolution Going On In Central Asia’s Kazakhstan

Central Asian country Kazakhstan has been prominent in the news for Bitcoin mining recently. The country which now boasts being home to about 6-8% of the Bitcoin network hashrate is also seeing significant growth in the adoption of the cryptocurrency.

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Bitcoin Greener Than Any Country or Industry Says Survey

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This Country Just Lost Its Only Chance At Becoming The World’s Largest Bitcoin Producer

A prominent Bitcoin proponent has taken to Twitter to point out that China, with its crackdown on Bitcoin miners in the country, has lost its chance to become the highest producer of Bitcoin. Bitcoin proponent, Mark Moss, has likened China’s actions of shutting down Bitcoin mining and kicking miners out of the country to the […]

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Historic Moment: El Salvador Set To Become First-Ever Sovereign Nation To Recognize Bitcoin As Legal Tender

El Salvador caused a sensation during the Bitcoin 2021 conference in Miami on Saturday afternoon. The country’s president is poised to introduce a bill that will make it the world’s first country to adopt bitcoin as legal tender alongside the United States dollar.

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Venture Capitalist: India’s Ban on Bitcoin Will Only Increase Interest in the Country

This week, a report claims that certain government departments across the country are supporting an outright ban on the “sale, purchase and issuance of all types” or crypto including Bitcoin, and could lead to a jail sentence for up to 10-years in prison for using the digital asset class as its intended.

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Highlighting the Unfortunate Difficulties of Buying Bitcoin in Botswana for South Africans

Bitcoin is legal in Botswana, but that does not mean that it is easy to get a hold of. Those who are interested in purchasing bitcoin must do so from exchanges located outside of the country and in some instances, they actually need to leave the country to make the purchase. Philonah Shamukuni is a […]

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Bitcoin & Venezuela: Can Bitcoin Really Rescue The Country From Its Fatal Economy Crash?

A country endowed with incredible oil reserves and even the Miss Universe pageant is on the verge of collapse,… The post Bitcoin & Venezuela: Can Bitcoin Really Rescue The Country From Its Fatal Economy Crash? appeared first on Invest In Blockchain.

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Bitcoin Cash Price Analysis: A Breakout in the Making, BCH Accumulates Below $135

Latest Bitcoin Cash News In the Philippines, virtual currency exchanges must obtain an operating license from the country’s central bank—the Bangko Sentral ng Pilipinas (BSP). Good news is, the country’s regulator is open to new and innovative technologies.

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Venezuela Demands Citizens Pay for Passports With Petro

Venezuelan authorities have found another way to impose the adoption of the state-issued cryptocurrency, the petro. Citizens will soon have to pay with the government-controlled digital coin if they want to obtain a travel document.

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WhatsApp Bitcoin Trading Is Exploding Due To African Crypto Exchange Issues

Some governments in Africa are starting to take hard measures against cryptocurrencies and companies in the industry. Regulators in Zimbabwe have shut down two crypto exchanges in the country with the intention to stop crypto-trading activities.

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Norway Establishes New Rules for Crypto Service Providers

The Financial Supervisory Authority of Norway is enforcing new money laundering regulations that apply to crypto exchange and storage providers in the country. The law will go into effect on Oct.

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Amid Peso’s Soaring Inflation the Number of Bitcoin ATMs in Argentina to Hit 30

30 Bitcoin ATMs are to be installed in Argentina by the end of this year as a means of struggling with rapidly growing inflation within the country. The post Amid Peso’s Soaring Inflation the Number of Bitcoin ATMs in Argentina to Hit 30 appeared first on CoinSpeaker.

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Bitcoin Fraudsters Set to be Deported from Philippines

Two Asian nationals are set to be deported from the Philippines to their respective countries. Their respective countries want the two individuals accused of economic crimes which include Bitcoin fraud.

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More Bitcoin ATMs for Argentina Amidst Country’s Financial Crisis

Two companies plan to install more Bitcoin ATMs for Argentina, amidst the country’s financial crisis. Bitcoin to the Rescue Argentina’s financial crisis will be eased, with the introduction of more BTC ATMs in the country.

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U.S. Court Alleges Russia Used Bitcoin to Fund Illegal Activities

A U. S. Justice Department indictment against seven Russian officers on Oct. 5, 2018, revealed the country allegedly used Bitcoin to fund illegal interests in the States, reported MarketWatch. As per the indictment, several shell companies and individuals in the U.

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Thieves use Bitcoin ATMs to scam Australian immigrants out of $50,000

Being in a new country can be confusing and scary at times. Australian crooks are taking advantage of this and are using Bitcoin ATMs to scam newly-arrived migrants out of their life savings. It seems the crooks managed to scam more than $35,000 USD ($50,000 AUD) out of four Australian immigrants by telling them they needed to pay a tax debt.

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As Peso’s Value Declines, Crypto ATMs Expand in Argentina

Argentina’s first Bitcoin ATM machine was installed last month and, according to a Reuters report, more could be coming. Athena Bitcoin, a company based in the United States, was the one to install the ATM.

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Venezuela: President Nicolas Maduro Announces Launch of National Cryptocurrency

In an effort to reinvigorate an economy crippled by socialism on one hand and US-led sanctions on the other, Venezuela established the Economic Recovery, Growth, and Prosperity Program, which resulted in the development of a state-supported cryptocurrency.

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Argentina might be getting 150 Bitcoin ATMs by early 2019

Argentina is being eyed as prime territory for expansion by Bitcoin ATM manufacturers, which appear to be preying on the country’s vulnerable fiat currency. The South American nation could get 30 new fully operational Bitcoin ATMs by the end of this year, with expectations this number will increase to over 1,600 by the end of 2019, reports Reuters.

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Binance Invests $2.5 Million in Australian Blockchain Travel Startup

Binance has announced a $2. 5 million investment in Australian travel startup TravelbyBit in a move to introduce a blockchain-based, point-of-sale (POS) payment system across major airports around the world.

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Over 1,500 Bitcoin ATMs to Be Deployed in Argentina in Response to Rampant Inflation

According to representatives from Athena Bitcoin and Odyssey Group, by the end of 2018 Argentina will be host to 30 Bitcoin ATMs. That number will jump to about 150 early next year, and to more than 1,500 by the end of 2019.

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New Zealand Academics Call for Amenable Cryptocurrency and DLT Regulations

Professors at the University of Auckland have written a new report urging the New Zealand government to regulate the local distributed ledger technology (DLT) and cryptocurrency ecosystem to make the country a hotbed for related businesses, reported the New Zealand Law Society on October 1, 2018.

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Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper

Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.

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Bitcoin Foundation Challenges “French BitLicense” Proposed in PACTE Bill

On September 23, 2018, the Bitcoin Foundation sent a letter to the French Parliament asking that they reject a new crypto asset amendment being proposed in the PACTE Bill, which deals with the growth and transformation of France’s businesses and the country’s employee savings.

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Brave CEO Pens Letter to Senate Committee Asking for GDPR-Like Privacy Regulation

Brendan Eich, the CEO of Brave, has written a letter to the U. S. Senate Committee on Commerce, Science and Transportation urging them to implement GDPR-like legislation in the United States.

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Indian Government Websites Keep Getting Hacked to Mine Cryptocurrencies

With more than 100 government websites hacked in September alone, security experts in India are in a race against time to identify more websites hosting malware that allows the unauthorized mining of cryptocurrencies, India Today reported on October 1, 2018.

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Australian and New Zealand Customs to Fine Visitors who Won’t Give Up Phone and Laptop Passwords

Thanks to veteran Bitcoin and cryptocurreny analyst, Will Woo, Ethereum World New was made aware of new rules by the customs departments of both Australia and New Zealand. Willy Woo first notified the crypto-community of the possibility of New Zealand Custom officials, asking for your phone and laptop passwords when you enter the country.

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China: Oldest Tech Publication to Accept Bitcoin Payments for Premium Subscriptions

China’s oldest technology publication, the Beijing SciTech Report (BSTR), will accept Bitcoin payments for its 2019 subscriptions, reported Asia Times on Oct. 1, 2018. Also called “Technology Life” in the country, BSTR has a readership of millions and publishes both original and permission content on technology, big data, and life sciences.

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New POS Terminal by Pundix Allows Nigerians to Make Purchases in Bitcoin

Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria, allowing people in the West African country to make purchases using cryptocurrency, including bitcoin.

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New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’

Following some notable premiers in the genre recently, the next batch of stablecoins is on the way. A British startup is partnering with a bank to launch a GBP-pegged crypto, a Swiss commodities trader wants to mint a coin backed by metals, and a Mongolian telecom has been licensed to issue the country’s first digital […] The post New Stablecoins: From Cryptopound and Metal-Backed Swiss Coin to Mongolian ‘Candy’ appeared first on Bitcoin News.

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Zebpay Shutters Crypto Exchange Amidst an Unfavorable Crypto Environment

India’s leading cryptocurrency exchange Zebpay has announced to shutter its operations as an exchange on September 28. The company announced as a result of the crypto banking blockade imposed by the Central Bank of India – Reserve Bank of India’s, that has entirely crippled the sector in the country.

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Despite Ban, Chinese Investors Continue to Buy ICO Tokens via Bitcoin OTC Providers

Despite China’s infamous blanket ban on cryptocurrencies, Initial Coin Offering (ICO) investing is making a resurgence in the country as Bitcoin Over-The-Counter (OTC) exchanges gain prominence, reported local outlet Sina News on Sept.

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North Korea Using Bitcoin And Monero To Fund Nuclear Program

Ever heard of the term crypto laundering? North Korea (DPRK) is trading, laundering and mining cryptocurrencies such as Bitcoin (BTC) and possibly Monero (XMR) in order to evade U. S. sanctions, intelligence experts tell Asia Times.

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India’s Zebpay Shuts Down Exchange Activities

One of the largest cryptocurrency exchanges in India, Zebpay, is shutting down its exchange activities due to the crypto banking ban imposed by the country’s central bank. “At this point, we are unable to find a reasonable way to conduct the cryptocurrency exchange business,” Zebpay wrote.

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5 Ways of Spending Cryptocurrency in Brisbane

Australia has always been an interesting region when it comes to using different cryptocurrencies. Some parts of the country are effectively noting an increase in merchant adoption where Bitcoin is concerned.

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U.S. and Russian Authorities Both Looking at Crypto Regulations and Adoption

Bankers in Russia are now claiming that there is a strong demand for cryptocurrencies in the country. At the same time, Washington is looking into new regulations for the cryptocurrency segment.

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European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank.

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Renewable Energy Can Solve Bitcoin’s (BTC) Energy Consumption ‘Achilles Heel’

Global Bitcoin mining operations have been reported to consumer enough energy to power an entire country. BTC mining has also been calculated to consume enough energy to power all the global electric cars for one year.

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Iceland’s Bitcoin Mining Industry Losing Allure, Interest Now Shifting to Core Blockchain Technology

Iceland has been a hotbed for bitcoin and other cryptocurrency miners due to its very cold climate and the availability of cheap power supply. However, 2018 has seen a shift of interest from bitcoin mining to core blockchain ventures in the country, partly due to the slump in the price of bitcoin, reported  Red Herring on September 23, 2018.

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Kraken: An Overview of One of Europe's Top Bitcoin Exchanges

In this overview, we explore Kraken and its journey from a Mt. Gox alternative to soften the blow of bitcoin’s dependence on just one exchange to becoming one of the most respected cryptocurrency exchanges in the world.

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Despite Inflation Crisis, Most Filipinos Reject Bitcoin. Here’s Why

The Philippines is experiencing an inflation crisis. Yet virtually its entire population of 106 million people are unaware of and reject the notion that Bitcoin (BTC) and cryptocurrencies give them a payment solution and store of value.

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RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

The Reserve Bank of India has filed an affidavit with the country’s supreme court in response to one of the petitions against its crypto banking ban. The central bank reportedly argues that it has acted within its power and that none of the petitioners have shown reasonable grounds for the supreme court to intervene.

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In Argentina, Investors Flock to Safe-Haven Bitcoin

The economic crisis in Argentina is driving investors to buy Bitcoin in order to protect their wealth, pushing the cryptocurrency’s price higher in-turn. In parallel, to satisfy the increasing demand, the first of 12 Bitcoin ATMs has already begun to operate in a Buenos Aires mall.

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Taipei City Council Candidate Receives Taiwan’s First Political Donation in Bitcoin

A Candidate for the Taipei City Council (TCC) has received the country’s first political donation in bitcoin, saying the development had both political and technological implications, Yahoo News reported on September 20, 2018.

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