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Argentina Goes With Bitcoin to Settle Export Deal

Argentina Goes With Bitcoin to Settle Export Deal

Argentina has made history by recently completing an export deal with South American neighbor Paraguay using Bitcoin as payment. The export of pesticides and fumigation products has set an example for others in the region, showing that cryptocurrency has the potential to act as a credible form of payment at the international trade level as well as between individual users. …

Turning Back the Clock: Investor Pays Almost $20,000 a Bitcoin in Trading Gaffe

Turning Back the Clock_ Investor Pays Almost $20,000 a Bitcoin in Trading Gaffe

Due to a glitch this week, a small Brazilian cryptocurrency exchange turned back the clock selling cryptocurrency at 2017 prices which finally hit USD 19,000 by the end of the day. The problem was down to a local exchange TemBTC selling to a trader who placed a large market order, which effectively “cleaned” the platform’s thinly-traded order book. Records indicate …

13% of Online Shoppers Going Crypto With 700% Growth since 2013

A recent survey has pointed to the increase in online shoppers using cryptocurrency for electronic payments, reporting growth of 700% since 2013. According to Kaspersky Labs, 13% of shoppers have used cryptocurrency for making payments online, their recent survey of 12,000 customers in 22 different countries has shown, and the trend is clearly upwards. Kaspersky commented: “The majority of retailers …

Miners Concerned Over Russia’s Planned Internet Shutdown Test

There are growing concerns is Russia’s cryptocurrency community that the cyberwar internet shutdown tests scheduled to take place before 1 April could impact Bitcoin mining. The Digital Economy National Program, a new law recently drafted, will require Russian ISPs to be able to operate if the country is isolated online and as such the government is planning to monitor its effectiveness …

Depreciating Cost of Mining Machines, Bitcoin Price Hit GMO Group

Its latest company report published this week confirmed that the GMO group suffered losses of JPY 1.3 billion (USD 12 million) in 2018, mainly due to a drop in cryptocurrency mining activity. A company spokesman for the Japanese company which supports internet infrastructure, internet finance, and cryptocurrency mining business, put the down the losses to the declining price of Bitcoin in …

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

The Nova Scotia Supreme Court hearing has heard QuadrigaCX creditors pleas for reimbursement of funds following the death of the exchange’s founder, but the coffers are reportedly empty. The Halifax courtroom was told that the USD 70 million in cash and USD 190 million in Bitcoins and other digital assets could not be repaid to the 115,000 cryptocurrency traders owed …

Chinese Billionaire Claims Bitcoin Patience Will Reap Rewards

As the much-discussed intuitional investment, hailed as cryptocurrencies jumpstart to a new crypto era, still awaits, a Chinese Bitcoin billionaire calls for patience. Zhao Dong, one of the world’s largest over-the-counter traders of Bitcoin, made the plea to the industry suggesting that it could be well into the year before the market gets the boost it needs. The entrepreneur was …

South Korea’s “Sampo Generation” Find Escape in Crypto Amid Rigid Society

South Korea's _Sampo Generation_ Find Escape in Crypto Amid Rigid Society

For many of South Korea’s millennials, cryptocurrency has proven the only way to escape the rigors of the country’s social demands. Many of South Korea’s young are now calling themselves “dirt spoons”, a reference in South Korea to economic and social status, with gold and silver spoons being the best off and dirt spoons being the worst. Older Koreans refer …

NYSE chairman Calls Bakkt a “Moonshot Bet”

NYSE chairman Calls Bakkt a “Moonshot Bet”

Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange sees the eventual Bakkt launch as a “moonshot bet” according to its CEO and chairman of the NYSE, Jeff Sprecher. Talking over the past few days, Sprecher says that he is optimistic that Bakkt will be worthwhile and sees ICE’s involvement as “different” claiming that the deal has “…been …

Leaked SEC Comments Reveal ETF Optimism

Leaked SEC Comments Reveal ETF Optimism

The United States Securities and Exchange Commission (SEC) is in the cryptocurrency headlines again, and this time it’s another one of the regulator’s operatives that has the industry guessing. It is exchange-traded funds once more becoming the point of focus not least because of the SEC’s announcement a few days ago that it was looking for a tool to improve …

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