Bitcoin 

Cubans Are Turning to Bitcoin to Access Global Economy: Report

Bitcoin (BTC) trading is opening new avenues for citizens in Communist-run Cuba, which has been financially isolated for years under a United States trade embargo. A Sept. 12 report from U.S. News claims that with the recent advent of mobile internet in the country, Cubans are increasingly buying cryptocurrencies to make online purchases, as well as to invest and trade. “Opening new doors” in retail Without access to debit or credit cards for international use, cryptocurrency-enabled purchases are a welcome opportunity for locals. In an interview with U.S. News, local…

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Cryptocurrency 

Crypto Regulation Outlook in 2019 — What Is the Global Scenario?

As the global investor community starts to become increasingly aware of what crypto has to offer, it appears as though this burgeoning asset class is becoming more and more accepted. This is probably best highlighted by the fact that after experiencing bearish conditions all through 2018 (with Bitcoin even stooping at one point to around the $3K mark), the digital currency market as a whole was able to swiftly regain its former momentum and make an impressive comeback. Since 2016, a number of countries have either banned digital currencies altogether…

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Bitcoin 

No-Deal Brexit Will Reposition Bitcoin in the Global Economy: Analyst

Some analysts believe that the looming no-deal Brexit will push Bitcoin (BTC) price to an unprecedented breakout and record highs in 2019.  Nicholas Gregory, CEO of blockchain firm CommerceBlock, even predicts it could fundamentally shift Bitcoin’s place in the global economy, as reported by the Independent, Aug. 9. Brexit already causing market turmoil The prospect of a no-deal Brexit has already caused the pound sterling to lose value against other major currencies. Increasingly so, since the appointment of confirmed Brexiteer, Boris Johnson, as U.K. Prime Minister. Johnson has vowed that…

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Bitcoin 

3 Reasons Bitcoin Is Turning Into a Global Safe Haven for Investors

China’s recent currency devaluation seems in line with similar policies taking place across the globe. Let’s take a look why Bitcoin price is rising as a result and why investors are increasingly considering taking shelter in Bitcoin — a neutral and borderless network for storing and transferring value — alongside traditional safe haven assets. Every fiat currency is devaluing itself on purpose  As the U.S. and other countries attempt to bolster economic growth through rate cuts, investors are beginning to flock to gold, cash, government bonds and increasingly Bitcoin as…

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Bitcoin 

Crypto to Become Part of ‘Global Populist Revolt’

Stephen Bannon, co-founder of Breitbart News and former Chief Strategist for U.S. President Donald Trump’s administration, expressed his admiration for Bitcoin (BTC), seeing it as part of a “global populist revolt,” in an interview with CNBC’s Squawk Box on Aug. 2. “Global populist revolt” Bannon argued that the leading digital currency Bitcoin could be a very important part in “this global populist revolt,” with cryptocurrencies having a big future. Bannon thus reiterated words from his lecture in Zurich this spring, when he stated that cryptocurrencies and blockchain will “empower [the…

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Bitcoin 

US Capital Global Offers $10 Million in a Tokenized Crypto Fund

US Capital Global Securities (USCGS), offers investors a $10 million equities investment in a tokenized fund, reveals a press release published on July 29. USCGS is a Financial Industry Regulatory Authority (FINRA)-regulated affiliate of private investment bank US Capital Global. Per the release, USCGS is offering to accredited investors a $10 million equity investment in the first tokenized venture fund of private digital venture capital fund CityBlock Capital, NYCQ Fund LP. The fund, of which the institution is the exclusive placement agent, reportedly has holdings in major companies in the…

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Cryptocurrency 

Bitcoin Causes 0.03%-0.06% of Global CO2 Emissions

According to a report released on July 23 by the International Energy Agency Bitcoin (BTC) mining is likely responsible for 10‑20 Metric tons (Mt) of carbon dioxide (CO2) per year or 0.03-0.06% of global energy-related carbon dioxide emissions. Bitcoin consumed more in 6 months than Ireland in 12 Per the report, the recent price and hash rate increase of the Bitcoin network increased its energy consumption, and it is estimated that during the first six months of 2019 it has already consumed 29 TWh. This is more than the annual…

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