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Bitcoin transactions surge in Venezuela, while the country's national coin grows by 150%
Due to sanctions imposed on Venezuela, the country's currency was lost to its point where it was rendered useless. As a result, people opted to turn to cryptocurrencies.
Turning to crypto has made lives easier for countless Venezuelan citizens and families, and analysts say that Bitcoin is the central asset.
According to Coin Dance's data, Venezuela is responsible for sending over 1,284 BTCs in transactions that are mostly carried out via P2P platform called Localbitcoins.
In addition, just last week, the country's president, Nicholas Maduro, decided to devalue the country's fiat currency, Bolivar, by 40%. However, he also raised the minimum wage in Bolivar by 150%. At the same time, the country's national cryptocurrency, Petro, saw the same increase.
TRON (TRX) cryptocurrency gets listed on the ABCC Exchange
According to the latest tweet posted by the CEO and founder of TRON (TRX), Justin Sun, TRX coin can now be traded on ABCC Exchange. It has a daily trading volume that exceeds $ 40 million per day.
In addition, Sun also announced two new trading pairs, one against Bitcoin (BTC), and the other one against Ethereum (ETH). Finally, Sun said that TRON will be giving out rewards in order to celebrate this new move.
The reappearance of Satoshi Nakamoto: What does this mean for the future of crypto?
After being inactive for full four years, the mysterious creator of Bitcoin – Satoshi Nakamoto – finally became active once more. The activity was noticed recently at his P2P Foundation account, where the cryptic message "nour" (quotation marks included) was posted.
Since then, many have questioned whether or not this is really Satoshi himself, as there is a suspicion that his account might have been hacked some years ago. Some speculate that Satoshi might have returned two to Craig Wright's recent claims that he himself is the individual behind the alias Satoshi Nakamoto.
For now, there are more questions than answers, including why is Nakamoto back, what does his message mean, and more. However, the crypto community continues to watch for any new activity connected to him in any way.
Tom Lee continues to predict a bright future for Bitcoin and several altcoins
Tom Lee, a known Bitcoin bull, has been known for the potential for BTC price might take. Consideration the bearish 2018, as well as the second market crash to BTC oversized and BCH hard fork, most of them will probably not be true.
However, he remains that HODLers of Bitcoin, Ethereum, and XRP have the highest chance of making a profit, even if it takes several years, or even an entire decade. He believes that there are numerous projects that are hopeless. However, these top three are the ones to go after, according to Lee.
G20 declares intent to regulate crypto in accordance with FATF standards
The G20 Countries have just joined forces in Buenos Aires in order to sign a declaration that they will regulate digital currencies in accordance with FATF standards. Digital currencies for financing terrorism, as well as to prevent money laundering.
Considering that FATF was originally created to prevent these issues, it is not surprising that there is interest in using the same rules to bind crypto. The idea to do this originated earlier this year. The G20 added that further development will be tracked in order to provide the best solutions for the rapidly digitalized global economy.
Crypto Market Price Today
