Posts From July, 2019

Looking to Replace Banks;Not Bitcoin

If you have followed the news about cryptocurrencies, then you surely know about the measures taken by Facebook to release its own cryptocurrency called Libra. By designing and developing its cryptocurrency, Facebooks intends to create a more stable method for financial trades. 

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Interest in Using Cryptocurrencies

“Necessity is the mother of invention” is a common proverb which best explains the current condition of some countries got engaged in political and financial dilemmas.

 

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India Wants to Ban All Cryptocurrencies

In a press release that has been published recently by the Indian government, it announced that it received a report on cryptocurrency regulation submitted by an inter-ministerial committee which was established by the Indian government in 2017.

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Ethereum and Attracted Enterprises

The most well-known public Blockchain network for the development of decentralized applications (DApps) and smart contracts is Ethereum. It is being used worldwide and has different applications from open finance, gaming, and so on to identity. So it can be the most powerful one to give solutions to the enterprises.

 

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Weakest Bull Market Since 2019

According to Chaikin Money Flow indicator, the bull market of Bitcoin is at its weakest condition in five months. This indicates that Bitcoin could again fall down, as it did recently to about 9,000 dollars. In order for the Bitcoin bull market to be fully strong again, the price of Bitcoin needs to go above 11,200 dollars.

 

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Delay in Launching Libra

Following the last-month release of Libra by the credible company Facebook, which is backed by four official currencies, numerous debates have started; on the one hand, one of the hottest issues was whether it can reach its missions or not, and on the other, there was the approach of different countries in case of accepting it as an effective cryptocurrency in the market or not.

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Crypto Mining Used in Iran

Crypto Mining Used in Iran
Can Crypto Mining Equipment Be Widely Used in Iran? Mining Equipment Be Widely Used in Iran Considering the high pressures on the part of Iranian statesmen regarding not allowing crypto-miners working in Iran with the excuse of very high electric... read more
 

Processed More than $37M Bitcoin

Bitpay, which is the largest Blockchain payments provider in the world, announced that more than $37 million Bitcoin donations have been processes by this company since 2017. The latest charity organization that has opened up its charity donations to Blockchain payment is the Tony Hawk foundation.

 

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Indians Are Free to Trade

According to a statement by Local media outlet Inc42 on July 19, India’s Minister of State for Finance, Mr. Thakur remarked that there isn’t any obvious and clear rule in this country to ban using cryptocurrencies.

 

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