President Trump has officially signed an executive order forcing sanctions against Venezuela. The country holds a “petro” cryptocurrency that is even controversial within its own countries’ government. Earlier this month, Rafael Guzman, chairman of the Economic and Finance Commision, said in a statement. “This deepens the crisis that we are living in. The PTR is…
Analysts and market participants aren’t yet able to create the price prediction formula for cryptocurrencies; the market forces are divided on how these new assets will perform– some are calling for steady price growth, and others are seeing the price to fall to zero. Meanwhile, the idea of correlating cryptocurrencies with Giffen goods seems to…
Toward the end of last week, Bitcoin price rallied back to the $8,500 level, and although it slid below $8,000 over the weekend, the coin managed to return to $8,500 on Monday morning. The upward movement was likely a result of Bank of England governor Mark Carney’s letter released to G20 members ahead of their…
On March 9, 2018, documents distributed at the tenth creditors’ meeting of the infamous exchange, Mt.Gox, went public. They revealed a series of multi-million dollar sales of Bitcoins. According to the documents, its bankruptcy trustee, Mr. Nobuaki Kobayashi had claimed to be the author of those sales. The document with Kobayashi’s textual words read as follows: “Between the 9th…
On March 9, 2018, documents distributed at the tenth creditors’ meeting of the infamous exchange, Mt.Gox, went public. They revealed a series of multi-million dollar sales of Bitcoins. According to the documents, its bankruptcy trustee, Mr. Nobuaki Kobayashi had claimed to be the author of those sales. The document with Kobayashi’s textual words read as follows: “Between the 9th…
The pioneer to bring the idea of blockchain games to reality is CryptoKitties. However, it is Axie Infinity that defines how a good blockchain game should be. To infinity and beyond, that’s how to describe Axie Infinity since it promises endless fun. With breeding, raising and battling, Axie Infinity is more than just a Tamagotchi-styled…
Bitcoin was born as a technological phenomenon that sought to create a value transmission system through the use of technology. Its creator, Satoshi Nakamoto promoted it through a cryptography mailing list cryptography mailing list, causing interest and curiosity among some enthusiasts. After its adoption, with the passage of time, its vertiginous growth surpassed the behavior…
This weekend, the finance ministers of the world’s largest economies were told that cryptocurrencies “do not pose any risk” to the global financial system. The two-day G20 summit starts today in Argentina but Mark Carney, the Financial Stability Board (FSB) Chairman, made a statement just before the chiefs headed to the summit. The FSB is…
Have the crypto fields turned green? Ripple (XRP), NEM (XEM), and Cardano (ADA) shoot up today, along with every other coin in the top 100 cryptos. Which coins are making news for themselves and which are hitching along for the ride? Ripple (XRP) Ripple is currently selling for $0.699502, which puts the coin up 24.99%…
The cryptocurrency market is rebounding after suffering a big hit from Google (NASDAQ:GOOGL). However, it was just announced that the Financial Stability Board does not consider cryptocurrencies a “risk.” It remains unclear as to why the market is surging back so strongly but this might be why. The FSB coordinates the financial regulation for the…
