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A government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency.
‘Breaking Financial and Commercial Blockade’
In a statement released by the country’s Ministry for Communication and Information, the new law, approved by the National Constituent Assembly on Nov. 20, allows for use of the petro in commercial transactions inside Venezuela, including the acquisition of goods and services. The law consists of 64 articles and five transitory provisions, it said.
The amount of money that initial coin offerings attracted in this year’s third quarter fell significantly compared to the second quarter. According to a report by crypto market analysis firm ICORating, the amount that was raised via ICOs from July to September reduced by 48 percent compared to what was raised from April to June
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Bitcoin (BTC) halvening has an interesting effect on market cycles as we have seen during the recent correction. The above chart for BTC/USD clearly demonstrates how Bitcoin (BTC) halvening has not just brought about the halvening of Bitcoin (BTC) mining rewards, but also the halvening of market cycles in a similar manner. The first period of correction shown on the chart ranges between November 2013 and February 2015. This correction lasted a period of 441 days.
Martin Köppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect of decentralized applications (dApps), not the number of users on the blockchain network. Interconnected Ecosystem of dApps As a decentralized computing platform, the Ethereum blockchain network enables dApps and users to process data
The post Gnosis Creator: Ethereum Adoption is About dApp Network Effect, Not Users appeared first on CCN
The cryptocurrency Ethereum Classic moved ahead of the market in recent hours when it surged by a further 15% on top of Wednesday’s 20% gains and is now trading at around $ 13.80 on Bitfinex. The upward gains follows crypto exchange giant Coinbase’s announcement, posted on Twitter, indicating that ETC would be available for purchase and
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The rather uneasy situation across all cryptocurrency markets continues unabated. With Bitcoin still soaring, altcoins continue to struggle for any real momentum at this stage. The Ethereum price has finally found some support and is slowly bouncing back after a few rough days. Successfully maintaining the $ 470 price level will not be easy.
Ethereum Price Attempts to Stabilize
All altcoins are going through a very rough period as of right now. One would expect the increasing Bitcoin price to result in favorable altcoin momentum. While that has been the case on a regular basis in the past, things are very different during this bull run. It is not the first time Bitcoin’s value rises and altcoins struggle to keep up with this trend.
Sundays are usually odd periods for cryptocurrencies. In most cases, this is due to some annoying bearish pressure looming overhead. In this particular case, the overall trend is surprisingly bullish. All top currencies are in the green, with the Bitcoin Cash price noting some very strong upward momentum.
Bitcoin Cash Price Busts Some Moves
It is evident any upward cryptocurrency momentum is usually met with a fair bit of resistance throughout 2018. This year has not been overly positive for the most part, although the situation is improving gradually. For the Bitcoin Cash price, today can be a very good day, depending on how the situation evolves in the coming hours.
Given the numerous drawbacks, Bitcoin mining tends to stop a lot of people in their tracks. As a handful of companies and countries ironically have a monopoly on the mining of Bitcoin, can it still be cost-effective to do? What’s the economic ripple effect of Bitcoin mining?
Bitcoin Mining Contributes to the Local Economy
Dave Carlson is CEO of Giga Watt, a full-service mining solution provider based in the Pacific Northwest. Its operations employ a lot of people in the local economy, and these numbers will grow in accordance with rising demand.
All-in-one mining solutions Whalesburg has caused quite a stir in the crypto community and is already ahead of its planned roadmap. The private sale was closed in just a couple of hours. What is the reason for such a huge interest in the project?
Mining is a new trend in the tech world and its popularity is constantly growing. This new way of money making is not perfect: miners face difficulties, restrictions, and problems every day.
All cryptocurrencies are suffering from another downturn as we speak. With the Bitcoin price dropping by over 5% in the past 24 hours, yesterday’s prediction came more than true. It does appear the Verge price is still bucking this negative trend, despite this somewhat shady partnership “crowdfunding campaign”.
Verge Price is Surging for Some Reason
A lot of people expressed their concern over the recent Verge “partnership” and the way the team went about things. By asking XVG holders to contribute nearly $ 2.75M in funds before the team would even unveil this “potential partnership:”, there were genuine concerns over this being a major scam. Unsurprisingly, the crowdfunding goal was met, and it seems the Verge price is responding kindly to this news.