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Venezuelan President is a Bitcoin Lover After All

Venezuelan President Nicolas Maduro openly declared how he plans to circumvent the economic sanctions imposed on them by the US government. Cryptocurrencies, stated Maduro, would back Venezuela’s modern financial system. They would reduce the country’s dependencies on US-backed banking institutions – and, in the process, would integrate a blockchain protocol to do the same job…

John McAfee’s $1 Million Bitcoin Forecast Remains Unchanged

John McAfee, a world-renowned cybersecurity expert, reiterated his prediction that the bitcoin price would reach the $1 million level by the year 2020.  This time, interviewed by Forbes, McAfee tried to explain the logic of his prediction, saying that out of the total supply of bitcoin, which is 21 million, seven million are lost forever….

Bitcoin is the Worst Security; Here’s Why

US-based cryptocurrency exchanges, including Coinbase, Kraken, Circle Internet Financial (CRC), and Bittrex, have united to develop a rating system for cryptocurrencies. It determines whether or not an asset is a security after matching its features with the standards establlished by the Securities and Exchange Commission. The newly formed Crypto Ratings Council would allow exchange operators…

Catalysts Line Up to Boost Asia’s Bitcoin Market

More and more investors in Asia are exploring opportunities in the cryptocurrency market against the degrading condition of global markets. For example, the ongoing economic war between China and the US, as well as the China-Hong Kong conflicts, have had a significant impact on the financial system. The disputes have sent investors searching for alternative…

Upbit is Ending its Partnership with Bittrex

Cryptocurrency exchange Upbit is going to end its long-standing partnership with Bittrex on October 25. Since 2017, Upbit has shared its order books with Bittrex, which explains how the exchange was able to offer its users with more cryptocurrency pairs that other local bitcoin exchanges.  Coincidentally, October 25 is also the day when Upbit will…

Venezuela’s Central Bank Looks for Solutions to Support Bitcoin Use

According to Bloomberg, the Central Bank of Venezuela is developing internal policies to find out whether it’s possible to hold cryptocurrencies in their reserves.  A state-owned oil company, Petroleos de Venezuela SA seeks to change the strategy while dealing with the central bank. By sending Bitcoin and Ethereum and getting tokens out of it for…

Russian Banks Propose a Model for Legal Use of Cryptocurrencies

The Association of Russian Banks (ARB) has put forward a proposal to regulate the use of cryptocurrencies, especially by taxing them. On September 12, during the first session of the International Banking Forum in Sochi, Anatoly Kozlachkov, Vice President of the Association of Russian Banks, presented their report-proposal. “The problem is that the number is…

Bitcoin News Bulletin 09/25/19: Of a New Bitcoin ETF, IRS Warnings, and More

Presenting CoinStats followers with the most trending bitcoin stories of the last 24 hours. SEC to Take Call on Wilshire Phoenix’s Bitcoin ETF Proposal The US Securities and Exchange Commission (SEC) is now reviewing the application of yet another bitcoin exchange-traded fund. According to the securities regulator’s recent filing, it has initiated proceedings to determine…