Another Sunday, another Sunday digest. Your one-stop shop to catch up on all the important news in the world of bitcoin and cryptocurrency.
bitcoin Price Consolidating For Next Big Move
bitcoin price 00 continues to hold over $5000, entering a new before the next big bull run, according to some. Latest moves have seen for both BTC and numerous alt-coins.
The general consensus continues to sway towards the bottom of the bear market having passed. The , which signalled the bottom of the last downturn, is flashing again. Even , although it (somewhat disparagingly) suggests it may be 22 years before we see a new ATH.
Binance coin didn’t seem to accept this, and became the first cryptocurrency to bounce back and already . We’re fairly certain that BTC will also take this 22 years figure with a pinch of salt.
Latin American Growth
This week saw numerous BTC-related records fall across Latin America. Faced with the threat of either their own fragile economies, or a certain Donald Trump, business was booming for bitcoin. posted record BTC volumes traded on LocalBitcoins, the former due to Trump’s threat to target remittances.
Argentina’s problem is seeing more people turning to bitcoin to preserve their wealth. While seems to be headed in a similar direction, perhaps driving 100,000 BTC traded on in just 24 hours.
News of the Trump administration’s latest measures could well see another BTC hotspot open up before our eyes.
bitcoin Payments Acceptance
Several big merchants who were early adopters in accepting cryptocurrency payments moved out of the market due to the volatility of BTC price in recent years. However, in a significant move, the UKs biggest business travel agency announced that it would start in bitcoin.
Three countries approached the IMF stating their to raise sovereign capital. And Sweden even … at least, some hackers did on Sweden’s behalf. But for 30 minutes we got a glimpse of what the future could look like.
Regulation Miscalculation
France called for Europe-wide implementation of its ‘‘ for cryptocurrency. Bitcoinist wasn’t sure it had quite , and such face-control would likely have hurt the to raise funds for the restoration and repair of Notre Dame cathedral.
Elsewhere, Russia is starting to realize that it had , and regulatory bill.
So Sorry SV
True to its word, Binance officially announced it will after a week’s grace period for traders.
The people have spoken. Kraken is delisting BitcoinSV:
— Kraken Exchange (@krakenfx)
Other exchanges may well follow suit over the coming weeks following Kraken and Shapeshift who have already pulled the plug.
What was the most important bitcoin story from the past week? Share your thoughts below!
Images via Shutterstock
The Rundown
Published at Sun, 21 Apr 2019 09:00:35 +0000
