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Venezuela and Argentina Are Buying the Dip, New Data Shows

Bitcon buy the dip venezuela argentina

If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies. But is the sudden uptick evidence of the two countries buying the dip? What’s Happening in Venezuela? Looking at the charts, one of the first things you notice is

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How Bitcoin Can Solve the Automation Crisis

Automation has become a big fear in developed economies over the last few years. With the threat of huge waves of unemployment — coming from machines replacing human jobs — many people have taken up the fight against automation. But does automation really cause permanent unemployment? And can Bitcoin help reduce the pain of automation? …

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Crypto Bear Market Has Even Led $15 Billion Bitmain to Lay Off Employees

The ongoing bear market has begun to take its toll on a number of businesses, as many seek to close up operations, reduce staff, or make other changes that impact their ability to stay afloat. The latest cryptocurrency firm to feel pressure due to continued price decline, is the $15 billion-valued mining giant Bitmain. Bitmain...

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In 2011, When Bitcoin Was $1, One YouTuber Predicted it Will Change Finance

Nine-year-old Bitcoin must be going through one of the worst phases of its technological life, but that hasn’t deterred its core believers. The community, which has been in roughs for most of this year, witnessing Bitcoin crashing from the highs of $19,500 to the lows near $3,200, took a break from speculation to discuss the...

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Bitcoin Mining Giant Bitmain Is Collapsing – And It Only Has Itself To Blame

Bitmain Woes

The Israeli research and development arm of cryptocurrency mining giant Bitmain will close, resulting in the firing of all 23 staff due to market “turmoil.” Glikberg: Bitmain ‘Forced’ To Reevaluate As local media outlet Globes reported December 10, Bitmain, which continues to face financial problems of its own this year, will formally end all activities at its offshoot just three years after it began operations. The 23 employees at the Ra’anana site will not be

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‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance forum in Beijing, Pang Gongsheng, deputy governor at PBoC, said: The STO business that has surfaced recently

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The Bitcoin Price Could Be Reaching a Turning Point, Time for Optimism?

Although things still look bleak for the bitcoin price, we could be reaching a turning point — for better or worse. According to the charts, the price is testing the current $3,000 USD level to define the next uptrend, or the continuance of the bear market. Also read: A Southern European Blockchain Bloc Has Formed. What …

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