Interested to see what the general consensus is on this. When crypto goes mainstream, which currency would you prefer to spend in all your day to day transactions? View Poll submitted by /u/stackup_ [link] [comments]
Since the drop of the first token in 2009, there has been a battle for control going on within the digital world. This war is generally financially based, as countries try to secure greater control and grip on decentralized exchanges and cryptocurrency. Here is a brief look into a few different perspectives from countries that have tried to close the door on cryptocurrencies. A Brief Look Into The Hate We’ll take a fundamental look at crypto’s history for those who are less familiar on details that can impact geographical and geopolitical perspectives. For those who are less familiar around cryptocurrency and it’s history we will take a quick dive in: the first crypto coin to bless us was Bitcoin in 2009. Starting as an idea on paper, it grew into a $50K+ top dog coin and blockchain that is finding it’s way into New York’s stock market via ETFs. With its 9,000,000% rise in the last decade, it’s safe to say Bitcoin is the founder and start of where this war begins. Related Reading | Bitcoin Back to $64K?, Why This Time The Bulls Have The Winning Edge As time progressed and Bitcoin grew, more coins started to arise and make a mark in the world of digital currency. In 2013, China attempted to ban the coin, and label it an insufficient and illegal currency. At a high level, what makes these coins a hot commodity to control is the ability to use these coins across the web to buy and purchase many things both online and off. On top of that, it has formed into the new “gold rush,” as young and old investors took a liking to the profit and growth of these coins – especially Bitcoin. Bitcoin has long positioned itself as the top dog and face of crypto.: BTC on TradingView.com The first to enact an official ban was Bolivia’s central bank, as they banned all forms of currency that were not regulated by the government, including Bitcoin and other cryptocurrency across the world in June 2014. Many other countries have since created loopholes and laws to regulate and/or ban these coins. Egypt has not yet made the ban official, but according to Sharia law all crypto currency is prohibited, according to the Islamic legislation. Many countries fear that these coins could become more damaging then helping for their economy, and the “war” around crypto has led to some countries enacting laws accordingly. Related Reading | Value Of Ethereum Held By Miners Reaches Five-Year Record Level The Latest “War”: China’s Ban This year, China made headlines again by indefinitely banning all cryptocurrency and crypto-mining. The Chinese government proceeded to have banks and exchanges shut down crypto-related activity. This really is no surprise after their attempts stemming back to 2013; meanwhile, their approach (or one similar) has also been adopt from countries like Turkey, Algeria, Bangladesh, Egypt, and Bolivia. Additionally, the UK dropped the hammer on Binance for not meeting money laundering requirements. It is especially difficult for countries, states, and cities across the globe to regulate and monitor the activity on the blockchain, and how we use this new form of currency – emphasized by it’s mystique and ability to stay below the radar when it comes to making transactions. What countries will do battle in this new era of financial war?
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The point is to try and describe the essence of the coin in one sentence. Remember: Don't use the coins name in the description. Don't take it personally if it's your favorite coin and someone described it negatively. You can describe the best or worst part about the coin Shitcoins are totally welcome here as…
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Is anyone else experiencing problems with getting their payout from rvn.suprnova.cc? I'm well over my threshold for payout (that I set in settings)…perhaps that doesn't work for anonymous miners? Anyhow, I've used both their contact form and sent two emails to admin at suprnova.cc (with the appropriate symbol replaced), over these past few days, and…
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submitted by /u/J66kson66 [link] [comments]
The last major upgrade to Bitcoin happened in 2017, and right now, there's not much use to it other than to transfer money from A to B. Luckily, a technological overhaul has finally come. Over 90% of Bitcoin miners have approved an upgrade for this upcoming November. The upgrade, known as Taproot, will improve the…
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Another batch of Russian online crypto exchanges in Russia face closure following a recent decision by a regional court. Information published on their websites has been deemed illegal meaning the country’s telecom watchdog can block access to their platforms. Roskomnadzor May Take Down Blacklisted Crypto Exchanges A number of websites providing options to exchange, cash […]
