Russia’s Not Buying Bitcoin, Dx.Exchange’s Shady Past, and Ethereum’s Hard Fork That Wasn’t: This Week in Crypto

By CCN.com: This week in crypto saw several interesting developments as regard exchanges, exit scams, and at least one failed ICO-funded company in the form of Giga Watt. Crypto Media Clings to Story of Russian Government Buying Bitcoin, CCN Asks for Proof CCN started the week off by debunking a mythical impending “$ 10 billion Bitcoin

The post Russia’s Not Buying Bitcoin, Dx.Exchange’s Shady Past, and Ethereum’s Hard Fork That Wasn’t: This Week in Crypto appeared first on CCN

News – CCN

(Venezuela) Last week volume traded in Localbitcoin was 1,309 BTC (ATH is 1,974) . One BTC is around 9,100,000 BsS (ATH). Monthly minimum is 4,500 Bs or 1.8 USD. Two weeks ago BTC price was 3,300,000 Bs.S and minimum wage was 4.6 USD. 2018 inflation was 1,700,000%

Hi guys, Venezuelan living here. Things are really hard here, even if you have some BTC or USD prices are increasing. Basically I have to support (or at least try) my whole family.

One monthly minimum wage is around 50,000 satoshis. Daily that would be around 1,700 satoshis.

All of this is calculated using street exchange rate, but even if you use the "official" exchange rate the situation is almost the same, monthly minimum wage would be 5,22 USD PER MONTH.

2018 inflation rate was around 1,700,000% https://www.brecorder.com/2019/01/10/464580/venezuelas-annual-inflation-surges-to-1-7-million-percent/

https://coin.dance/volume/localbitcoins/VES/BTC

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

AMA.

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Bitcoin – The Currency of the Internet

Jordan Peterson is standing on the edge of the #Bitcoin rabbit hole: – He has boycotted Patreon. – He is starting a new platform that will compete with Patreon. – He recently posted a bitcoin address on his website. – His bitcoin address has received $800 in donations in less then a week.

Jordan Peterson is standing on the edge of the #Bitcoin rabbit hole: - He has boycotted Patreon. - He is starting a new platform that will compete with Patreon. - He recently posted a bitcoin address on his website. - His bitcoin address has received $  800 in donations in less then a week. submitted by /u/ABrandsen
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Bitcoin – The Currency of the Internet

Chatting to a taxi driver last night who tells me he has to pay £120 per week to be able to take card payments in his taxi. We then had to spend a couple of minutes manually typing the numbers into the machine. If only there were a quicker means of payment with lower costs of transacting 🤔

submitted by /u/everyonesastudent
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Bitcoin – The Currency of the Internet