Russia has become the world leader in trading volume on the LocalBitcoins platform in a year and a half. Between January 1, 2017 and October 1, 2019, LocalBitcoins users completed 1.6 million BTC transactions. Russia accounted for almost 25% of the total. It is followed by the United States (17.8%) and China (13.1%). The top ten also included Great Britain, Nigeria, Venezuela, Colombia, Australia, India and South Africa. Some analysts believe that one of the reasons for such high rates in Russia is the use of cryptocurrencies by local businesses to circumvent sanctions. China experts called the “obvious” market for…
Author: BlockchainJournal
Over the next six months, we will be waiting for the aggressive growth of the first cryptocurrency , as the analyst believes under the nickname PlanB. He posted a post on Twitter, in which he noted that the coin can grow by about 150% for several months before the planned reduction of the bitcoin miners award or the so-called halving . In May 2020, the reward for miners for mining the block will be halved from 12 to 6.5 BTC, which could lead to a weakening of production due to a decrease in its profitability, many observers believe. A few…
Law enforcement agencies in the United States and South Korea have closed the largest darknet market for child pornography, through which more than 1 million videos have been distributed. Calculations on it were made in bitcoins. South Korean National and Hundreds of Others Charged Worldwide in the Takedown of the Largest Darknet Child Pornography Website, Which was Funded by Bitcoin https://t.co/jW7ZHheJD9 pic.twitter.com/IBJvyuDO26 – Justice Department (@TheJusticeDept) October [ …]
Christopher Giancarlo, ex-chairman of CFTC, believes that the US needs to convert the dollar to digital format in order not to lose its position in the international arena. According to Giancarlo, this may happen because other countries are already developing national digital currencies. So, the best option to avoid negative consequences is to move in the same direction, that is, create a digital dollar. He explained that it is possible to offer digital USD, a blockchain protocol approved by the government, which would be created and maintained by an independent, non-governmental group, while banks and other trusted payment companies would…
Monero cryptocurrency developers (XMR) have reiterated plans to move to a new proof of work ( PoW ) algorithm by the end of October. The algorithm, called RandomX, will hamper the use of ASIC miners . For the first time, the plans of the confidential cryptocurrency development team became known in the spring. By the end of October, Monero is planning an update that will further simplify mining on the processor . As part of the changes in the current algorithm will be replaced by a new algorithm RandomX. So far, the Monero developers have used the CryptoNight algorithm, which…
CoinMarketCap (CMC), an analytical resource, began to track interest rates on cryptocurrency deposits in the most popular lending services. At the time of writing, the new section supports 33 cryptocurrency assets. The list includes both centralized lending services (BlockFi, Celsius Network), and DeFi-projects (Compound, Fulcrum, Nuo). Recall that in mid-August the cryptocurrency lending market was estimated at $ 4.7 billion. At the same time, a large […]
Wilshire Phoenix has again filed an application for the launch of ETF, tied to flagship cryptocurrency and treasury bonds. The new SEC application reflects new conditions for launching a financial instrument. Now, it is assumed that the BTC funds of institutional clients will be stored in Coinbase Custody. In addition, for new obligations, the crypto-exchange will confirm on a weekly basis the BTC funds available in the reserve, which are used as collateral. Representatives Wilshire Phoenix noticed the American regulator that with the approval of ETF start-up in gold, the Commission took into account indicators specific to the spot and…
The Nasdaq Stock Exchange has added the CIX100 cryptocurrency index created by the data provider Cryptoindex to its platform, writes Cointelegraph . The CIX100 uses neural network algorithms to form a basket of 100 leading cryptocurrencies based on more than 200 factors. It is assumed that such a system allows excluding coins with fake volumes from the index. The tool is aimed at both professional investors and new market participants. To compile the CIX100, we use the data of the nine largest cryptocurrency exchanges , which collect information on millions of transactions, as well as information from social networks and…
installed at Miami International Airport At the Miami International Airport, you can now meet a Bitcoin ATM from Bitstop. It is known that a cryptocurrency machine is installed in Hall G, not far from exit No. 16 – with it, users can purchase crypto funds for cash. The company notes that the location of ATM is ideal, as this airport is the third largest congestion airport among all other US airports that specialize in international traffic. In addition, this airport is the largest gateway between the United States and Latin America. Doug Carrillo, co-founder of Bitstop, explains that the BTC…
US Rep. Warren Davidson said adding Bitcoin (BTC) to Calibra's wallet would be a “better idea” than creating social media giant Facebook the new currency Libra. In an interview, the congressman said that the stablecoin Facebook Libra crystallized all the problems that exist on the social networking platform. “Do we want filtered transactions or freedom?” Added Davidson. According to the politician, the July Congressional hearings on Libra exacerbated the intense pressure Facebook was already experiencing. However, he noted that "many issues did not even concern Libra." He said that Facebook’s announcement of the launch of its own cryptocurrency has contributed…