Thursday, 1 November 2018

Bitcoins Clock 10 -Ten Years Since Satoshi’s Vision Was Brought to Life


The evolution of key industries have been historically driven by groundbreaking technological innovations that leave an indelible mark on society.

The printing press led to the scientific revolution, the discovery of electricity brought light to the world, radio waves changed the way information was delivered to the masses, and the internet completely overhauled the way we communicate and interact with information.

Jamie Dimon Comments on Bitcoin Yet Again, Says He Doesn’t Give a Sh*t About It


On the eve of the 10th anniversary of the Bitcoin (BTC) white paper, Oct. 30, JPMorgan CEO Jamie Dimon found himself speaking yet again about the leading cryptocurrency, notwithstanding his track record of attempts to extricate himself from the debate.

As CNBC reported Oct. 31, Dimon made his “reluctant” comments at the Axios conference in Los Angeles on Tuesday. Referring to his now-notorious statement that Nakamoto's invention is little more than a “fraud,” the CEO told the audience:

Monday, 1 October 2018

Malta's Prime Minister Tells UN That Crypto Is the 'Inevitable Future of Money'

The Prime Minister of Malta, Joseph Muscat, has said that cryptocurrencies are the “inevitable future of money,” and that blockchain can galvanize a more transparent and equitable society. The Prime Minister made his remarks in a speech addressed to the general debate of the 73rd Session of the General Assembly of the U.N. September 27.

Tuesday, 25 September 2018

Twitter CEO Says Bitcoin Will Become World’s ‘Single Currency’ Within A Decade


Jack Dorsey, the CEO of both Twitter and payment service Square, has said that he sees Bitcoin(BTC) as the world’s – and Internet’s – single future currency, The Times reports today, March 21.
Dorsey believes that Bitcoin’s leading emergence will take “probably over ten years, but it could go faster”:

Monday, 24 September 2018

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. The number of stores accepting Bitcoin also continues to rise. Bitcoin Is a Safe-Haven During an Economic Crisis As the country’s currency plunges, Argentinian investors and ordinary people are exchanging their pesos for Bitcoin (BTC) $6699.77 -0.12%. In this regard, economist and mathematician D.H. Taylor writes, “Argentinians are moving in large numbers out of their peso and into a
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. The number of stores accepting Bitcoin also continues to rise.

Bitcoin Is a Safe-Haven During an Economic Crisis

As the country’s currency plunges, Argentinian investors and ordinary people are exchanging their pesos for Bitcoin (BTC) $6699.77 -0.12%. In this regard, economist and mathematician D.H. Taylor writes,
“Argentinians are moving in large numbers out of their peso and into a more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” And he adds, “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.”
As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina:
As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina:One of the wealthiest countries in Latin America, Argentina is once again undergoing a severe economic crisis. In April 2018, the peso started plunging against the dollar at an unexpected speed.
Most economists agree that the devaluation of the peso is due to investors’ doubts about the government’s ability to contain its unrelenting inflation and to minimize the effects of the U.S. Federal Reserve interest rate increases, which have strengthened the dollar all over the world.
Now, the Argentina year-over-year inflation rate reaches over 34 percent.
Now, the Argentina year-over-year inflation rate reaches over 34 percent.

Taylor: The Biggest Solution is Bitcoin

So far, the efforts of Argentina’s Central Bank to stabilize the peso have been to no avail. As a result, according to Taylor, the Central Bank is exploring the possibility of diversifying into Bitcoin,
The biggest solution is Bitcoin, or BTC-USD and, according to the data, Argentinians are buying large amounts. At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC.
The Central Bank has already eased regulations regarding ATMs in the country. This easing of regulations has facilitated the installation of ATMs processing cryptocurrencies.
On September 19, 2018, Athena Bitcoin installed the first ATM designed to exchange the cryptocurrency in a mall, auguring that these machines will soon mushroom in Buenos Aires.

Indeed, according to Matias Goldenhorn, Athena Bitcoin Director for Latin America, 12 ATMs will soon be installed in the capital city. These units will operate with Bitcoin as well as other cryptocurrencies such as Litecoin, Ethereum, and Bitcoin Cash.
On the other hand, a variety of merchants are already accepting Bitcoin as payment. Taylor also highlights that “8,000 new Bitcoin pay stations are in convenience stores in Argentina.”
For example, La Nación recently reported that a butcher shop in Cordoba city is now accepting Bitcoin.
What solutions can Bitcoin provide to soften Argentina’s severe economic crisis? Let us know in the comments below.

more stable currency, BTC. The numbers being witnessed by the markets in BTC are surging from Argentina.” And he adds, “The stability being offered by the digital currency is far greater than the peso and Argentinians are moving in quickly.” As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina: As for substantiating evidence, Taylor refers to the chart below showing the weekly volume of Bitcoin purchases in Argentina:One of the wealthiest countries in Latin America, Argentina is once again undergoing a severe economic crisis. In April 2018, the peso started plunging against the dollar at an unexpected speed. Most economists agree that the devaluation of the peso is due to investors’ doubts about the government’s ability to contain its unrelenting inflation and to minimize the effects of the U.S. Federal Reserve interest rate increases, which have strengthened the dollar all over the world. Now, the Argentina year-over-year inflation rate reaches over 34 percent.

Now, the Argentina year-over-year inflation rate reaches over 34 percent. Taylor: The Biggest Solution is Bitcoin So far, the efforts of Argentina’s Central Bank to stabilize the peso have been to no avail. As a result, according to Taylor, the Central Bank is exploring the possibility of diversifying into Bitcoin, The biggest solution is Bitcoin, or BTC-USD and, according to the data, Argentinians are buying large amounts. At the same time, the Argentinian Central Bank is considering diversifying their currency reserves into BTC. The Central Bank has already eased regulations regarding ATMs in the country. This easing of regulations has facilitated the installation of ATMs processing cryptocurrencies. On September 19, 2018, Athena Bitcoin installed the first ATM designed to exchange the cryptocurrency in a mall, auguring that these machines will soon mushroom in Buenos Aires. Indeed, according to Matias Goldenhorn, Athena Bitcoin Director for Latin America, 12 ATMs will soon be installed in the capital city. These units will operate with Bitcoin as well as other cryptocurrencies such as Litecoin, Ethereum, and Bitcoin Cash. On the other hand, a variety of merchants are already accepting Bitcoin as payment. Taylor also highlights that “8,000 new Bitcoin pay stations are in convenience stores in Argentina.” For example, La Nación recently reported that a butcher shop in Cordoba city is now accepting Bitcoin. What solutions can Bitcoin provide to soften Argentina’s severe economic crisis? Let us know in the comments below.

Sunday, 23 September 2018

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above ₦2,412,000 ($6,700)

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.
Market visualization from Coin360
Market visualization from Coin360
After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day.
Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, according to CoinMarketCap.

Wednesday, 12 September 2018

Localbitcoin.com trade volume hit new low since its Inception in 2012




In the first week of September, we saw Localbitcoins witnessing the best global peer-to-peer trade volume on record for Bitcoin. Data from Coin.dance shows that the clear presence of only six markets seems to represent the pervasion of lowered trading activity with all the Localbitcoin markets.

Localbitcoins are on a peer-to-peer Bitcoin exchange where customers can purchase and sell Bitcoin. Investors usually make advertisements with the payment method they give and the price. With over 50 various ways to make payment, traders can purchase and sell Bitcoin through this means.

The recent drop in Bitcoin investment has changed into a widespread trend, where merely a several multiple markets tracked by Localbitcoins have posted a volume that will be the same to the standard trading activities in the span of recent weeks.

The info showed by Coin.dance hint that only 860 Bitcoins were traded during the entire week in the month of September on Localbitcoins. In reality, this week is the best before five and a half years, that's provided that the business enterprise has been retaining information.

This type of dip in the over-the-counter market hasn't shown itself in 5 years, since the 3rd week in March 2013 where the entire trading number was at around 1990 BTC.

If what this data shows is correct then nearly all Localbitcoin markets had a remarkable decline in the amount of Bitcoin traded in the last week.

It's worth noting that Venezuela saw a current hyperinflation which appears to have generated an exponential boost in Localbitcoin trades in the country. The weekly purchase volume was 6 trillion bolivares  typically and has boosted to 24 trillion bolivares on the span of days gone by two months.

What are you currently applying for grants this? Don't hesitate to let's know down in the comments below!

Source: https://buybtcoinnigeria.blogspot.com/p/buy-bitcoins-in-nigeria.html

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