First Crypto ATM Now Finally Operational in Venezuela

Venezuela’s crypto situation has been viewed as a joke by a lot of people. While the country’s official cryptocurrency, the Petro has received countless criticisms, president Maduro keeps insisting that the country is taking the project further. It also appears that Venezuela has recently managed to get its first crypto ATM. Data from Coin ATM Radar reveals that the country’s first crypto ATM was installed last week. According to the official data, the crypto ATM is located in the city of San Antonia del Tachira. The crypto ATM doesn’t seem…

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Inner Mongolia Regulators Demand That China Bans Mining Farms

China may the crypto mining capital of the world, but mining in the country doesn’t come without risk. As Coinstaker revealed earlier in the year, many mining farms in Sichuan came under government investigation. It seems that the crackdowns on the mining facilities in Sichuan were not enough and the Chinese autonomous province of Inner Mongolia has had its regulators issue a notice. The notice demands that Chinese authorities aid the province in “cleaning up” its mining enterprises. Chinese crypto outlet ChainNews reports that 5 departments of Inner Mongolia have…

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UK Exchange Rates after Brexit Vote Aftermath

2In June 2016, Britons voted to end their country’s four-decade-long membership of the EU. Back then, they had no way of knowing how Britain or her economy would fare after the vote. They could only guess, but not for long. Shortly after the referendum, the pound fell sharply against the US Dollar and the Euro and continued falling. It has so far dropped by close to 20 percent. What precipitated this fall? Events Affecting the Pound The referendum result had the greatest effect on the pound. On voting day, the…

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Rookie Traders and Why Bitcoin Trading has a 95% Failure Rate

There are probably very few people who haven’t heard the amazing life-changing stories about millions of dollars made with crypto. In the span of 10 years, some people did indeed manage to turn a couple of thousand dollars to hundreds of millions, via early adoption. Many people however, made a huge amount of money by flipping altcoins and making more than a 100 investments a day. It seems great to leave your boring day job and become a crypto trader who gets rich really quick. Some attempt that and in…

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40% of Millenials Fear Recession And Look Towards Crypto

The majority of people have already come to terms with the fact that a worldwide recession is inevitable. While the rich do have the opportunity to diversify their portfolios in the case of an economic collapse, most people do not have a way out. According to a recent eToro survey however, 40% of millennials fear recession and are looking towards crypto. It’s completely normal that younger people are more inclined to support new technologies. The worrying trend is however, that over 70% of the millennials who were surveyed believe that…

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IdentiCAT ID System Revealed by Catalonian Government

IdentiCAT is a brand new, entirely decentralized identification system which was recently unveiled by the Catalonian government. The project was announced just last weekend and the Catalonian government revealed that the system will in no way have access to citizens’ private data. The announcement was revealed by the President Quim Torra and Jordi Puignero, the Minister of Digital Policies and Administration. The bidding for system development will start very soon at $600 000. If there are no unexpected setbacks, completion is expected by 2020. The IdentiCAT system will not have…

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Crypto Investment Fund Launched by Nickel Asset Management

$50 million were recently raised by Nickel Asset Management. The UK-based hedge fund manager raised the funds to support its new crypto investment fund. The newly-launched crypto investment fund is geared towards experienced crypto investors who are looking to make a profit in the volatile crypto markets. After the funds were raised, the newly-dubbed “Nickel Arbitrage Fund” became one of the very few investments funds which focuses on cryptocurrencies and has the approval of UK regulators. The fund gets its name due to its focus on arbitrage trading. This type…

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Open World Scavenger Hunt with $1 Million Bitcoin Reward

Who doesn’t like an open world scavenger hunt, especially when the reward is $1 million worth of bitcoin? This fall, Satoshi’s Treasure is coming to many different university campuses throughout the entire world. No one is really certain who is behind the worldwide crypto scavenger hunt, but the game seems to be operated by a very small, mysterious company which is based on a remote tropical isle. It seems that finding out more about the game and its creators seems to be a part of the game itself. Primitive Ventures…

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Drug Trade Digitalization and Politicians Twisting Truth

Cryptocurrencies and criminals. You can’t possibly name a better duo that comes out of the mouths of central bank-owned politicians more frequently. If we exclude the insane levels of propaganda coming from the mass media, cryptocurrencies are still having a hard time in keeping their name clean. There is an undeniable problem with drug trade digitalization. Of course, politicians, especially those whose pockets are regularly filled by the central banks, tend to quickly forget that more or less 1% of all bitcoin transactions are actually illegal. Politicians completely ignore that…

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Blockchain Standardization is Expected Before 2022

Blockchain technology is quickly becoming an essential part of many businesses and institutions’ key operations. According to Moody’s, a United States-based business and financial services company, there is a very high chance that blockchain tech will be standardized by 2021. The report from Moody’s was publish last week and it highlighted that blockchain standardization will most likely be established in the industry in 2 years. Moody’s also claims that as the technology develops further, cost reduction, automation, data availability and time-saving would be the inevitable results. Blockchain standardization would also…

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