Iran Ditches the Rial Amid Hyperinflation as LocalBitcoins Seem to Trade Near $35K

May 04, 2020

Back in 2018, Iranian authorities set an official exchange rate at some 42,000 rial to the dollar. Many currency exchanges still show this as the going rate. At the same time, peer-to-peer Bitcoin exchange LocalBitcoins is seeing prices of 1,445,658,900 rials per BTC — according to the official exchange rate, roughly $34,500. 

Congress Has Introduced 32 Crypto And Blockchain Bills For Consideration In 2019-2020

April 28, 2020

There appears to be no shortage of interest in cryptocurrency and blockchain policy in D.C. as Members in the House of Representatives and U.S. Senators have introduced a total of 32 bills in the 116th Congress.

BTC Annual Inflation Rate Almost 50% of World Average After Halving

April 27, 2020

Once the Bitcoin rewards halving goes through on May 12, the annual inflation rate of the cryptocurrency will be about half of the global average.

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

April 24, 2020

Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the hyperinflation plaguing their national economy.

Central Banks Recommended to Ban Stablecoins

April 14, 2020

Central banks push for heavy-duty regulation of centralized, privately-issued global stablecoins and consider prohibiting decentralized ones. Fiat-pegged cryptocurrencies are coming under scrutiny, based on recommendations from the Financial Stability Board.

May’s Bitcoin Rewards Halving Will Force Weak Miners Off the Network

April 12, 2020

The halving is a highly anticipated event for industry insiders, with many having a bullish outlook for the price after the issuance is reduced. Production is cut in half, and many expect the demand to stay the same or to increase, which means the price would be bound to increase according to the laws of supply and demand.

Chicago DeFi Alliance Launches to Save Decentralized Finance

April 08, 2020

Introduced on April 7, the Chicago DeFi Alliance (CDA) aims to provide DeFi-focused startups and entrepreneurs with support and guidance in complying with trading regulations and other applicable requirements.

YouTube Bans Drive Cryptocurrency Fans to Decentralized Alternatives

April 03, 2020

n recent years, Google-owned video-sharing platform YouTube deleted and banned an array of cryptocurrency-related channels. The platform’s policy has driven cryptocurrency enthusiasts to look for decentralized alternatives to YouTube, which allow users to skirt censorship and even incentivize them with their own tokens.

Trump Calls For $2T Infrastructure Package In Phase 4 Stimulus

March 31, 2020

"With interest rates for the United States being at ZERO, this is the time to do our decades long awaited Infrastructure Bill. It should be VERY BIG & BOLD, Two Trillion Dollars, and be focused solely on jobs and rebuilding the once great infrastructure of our Country! Phase 4," Trump tweeted on Tuesday.

Federal Resrve Announces ZERO Reserves

March 26, 2020

As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020.  This action eliminated reserve requirements for all depository institutions.

Brave Partners With Binance to Develop In-Browser Crypto Trading

March 26, 2020

Privacy-focused browser Brave Software is hoping to facilitate in-browser cryptocurrency trading, though it’s not quite ready yet.

Dow tumbles 900 points to end Wall Street’s worst week since 2008

March 20, 2020

Stocks attempted to rally on Friday, but failed, concluding one of the most volatile weeks on Wall Street ever as investors grapple with mounting fears over the coronavirus’ economic blow.

JPMorgan Chase Settles in Suit Over Credit Card Crypto Purchases

March 12, 2020

The sixth-largest bank worldwide, JPMorgan Chase Bank, has settled a lawsuit over unannounced changes made to the fee structure applied to cryptocurrency purchases made using its credit cards in 2018. The details of the settlement have not been disclosed.

Bitcoin Hashrate Races to All-Time Highs as BTC Shows Signs of Vitality

March 04, 2020

BTC’s hashrate has been able to surge to fresh all-time highs today, which is a sign of fundamental strength that could mean further upside is imminent.

India’s Supreme Court Just Made an Extremely Bullish Ruling For Bitcoin

March 04, 2020

India’s Supreme Court just struck down a central bank directive that effectively banned Bitcoin and other cryptocurrencies in India, Bloomberg has reported just minutes ago as of the time of this article’s writing.

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