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Hyperinflation is deepening in Venezuela. The economic crisis is so great that a Venezuelan bolivar is currently worth only one satoshi.

Currently, the price of one Bitcoin in the country is around 105 million Bolívars, according to data from LocalBitcoins. This equates the Venezuelan bolivar with satoshi. Both are worth approximately $0.00004.

Inflation rate 2000 percent

People in Venezuela have been facing uncontrollable high inflation for some time now. It is claimed that the current inflation rate in the country has reached 2000 percent.

While the government almost exhausted its foreign exchange reserves, the public found the solution by using digital currencies such as Bitcoin.

Bitcoin Price Reaches 30-Day Highs; $4,630

World-famous Palestinian-American rapper DJ Khaled supported digital currencies with his promotion on his social media account.

Khaled shared the following with his photo on his personal Instagram account. gave the following statements:

“I got my Titanium Centra debit card. Centra Card and Centra Wallet app is the ultimate winner in digital currencies debit cards powered by CTR tokens. Use Bitcoin, Ethereum and other digital currencies in real time around the world. This place is a game changer. Get the CTR tokens now.”

About 100,000 liked

Many celebrities took part in similar promotions before Khaled. The fury that started with Floyd Mayweather; He continued with names such as Luis Suarez, Paris Hilton and Jamie Foxx. Approximately 100 thousand people liked this promotion of Khaled.

Altcoins Fluctuate, Bitcoin Price Rise Stable

Online voting is not secure even if it is via blockchain. An American scientific organization prepared a letter and sent it to the authorities, including its concerns in this direction.

Online voting is not secure even if it is over the blockchain

Before the upcoming presidential elections in the USA, the Democratic Party carried out its efforts to determine local delegates this week. Despite the cold and the pandemic. In such a situation, voters can look for easier ways to vote.. But according to a US scientific organization, there is currently no way to securely hold elections over smartphones and the internet.. Even if online voting is done via blockchain.

The American Association for the Advancement of Science (AAAS) Center for Scientific Evidence in Public Issues sent a letter to governors, state secretaries, and state election directors on April 9.. The letter calls on the authorities not to allow online elections in elections.

Related – Elrond will provide blockchain infrastructure for the healthcare industry

The letter states: “This At the moment, internet voting is not a secure solution to vote in the US and it won’t be for the foreseeable future.”

Options for online voting include “email, fax, web-based voting, and a “voting via mobile apps”. Citing an election security study published in 2018, the AAAS says that e-voting, particularly an election using blockchain, can lead to issues such as privacy breaches, election manipulation, and uncounted votes.

Related – NEM blockchain will cooperate with the telecom company in the field of phone security

The statement states: “If the blockchain structure is used, serious questions arise about what content is stored in it.. How open is blockchain to public use? How can votes be converted into paper records that can be permanent? No scientific or technical evidence indicates that any internet voting system can or will not address these concerns.”

When voting on paper, the process can be very slow. But the result is fewer questions and problems.

Source

Cryptocurrency Mining is Increasing in Universities

The Iranian government is investigating the economic and infrastructure aspects as Bitcoin prepares for use in the country. According to the information technology ministry, “arrangements are being made” to create the infrastructure for the digital currency “as early as possible.”

Iran Prepares Infrastructure for Using Bitcoin

Iran’s Information Technology Amir Hossein Davaee, Deputy Minister of Communications and Communication Technologies, said in an interview with the Shargh newspaper last week:

The ministry of communications and information technology has already carried out a lot of research work in the country as part of its efforts to prepare the infrastructure for using bitcoin.

Cryptocurrency sector has two aspects, economic and infrastructural… Its adoption in Iran will turn into the general interest of the country. “We, as the country’s main hub dealing with technology developments, have taken very seriously the issue of preparing infrastructure for the new currency” Agreements are being made with relevant institutions to assemble the infrastructure as early as possible.

Iran’s central bank, local Although it considers that it is doing “illegal” trading that discourages businesses from embracing digital currency, there has so far been no provision specifically prohibiting the use of bitcoin as a payment method. Meanwhile, the Iranian government is working on proposed regulations for digital currencies. In addition, the Iranian Bitcoin Facebook group currently has more than 29,000 active members.

How Bitcoin Affects Iran’s Economy

YJC news agency reports that many companies in Iran use bitcoin. However, he stated that he feared tax laws and did not want their identities to be revealed.

The publication asked Iranian economist Morteza Imani-Rad a few questions about the impact of bitcoin on the country’s economy. “This currency is not legal in Iran, but bitcoin trading is not legally unacceptable, so we do not expect it to have any impact on the Iranian economy,” he said.. He also pointed out that the Bitcoin market coverage is very small.. It can facilitate the buying and selling of international oil contracts.

Bitcoin cannot be easily installed in Iran and therefore cannot have an impact on the Iranian economy, on the grounds that many websites offering information about Bitcoin are blocked by the country’s firewall, he repeated.. However, he said: “It is not easy to enter the forex trading market” in Iran because it is “too restrictive”, but it serves Iranians with forex trading.

Bitcoin continues and may become more mainstream. If that happens, the government may have to use that money as a bank transfer, especially for Iran, if it remains part of the sanctions.

Source: bitcoin.com

FSB Chief Warns of Cryptocurrencies

Do you know how many Bitcoin millionaires there are? The number of BTC millionaires shows something important. The distribution of wealth in the cryptocurrency market is more equitable. Now let’s look at the data.

Do you know how many Bitcoin millionaires there are?

Bitcoin went from a few cents in its short life to $20,000 in 2017. Of course, it’s no surprise that he has made many rich in this relatively short period of time.. But answering the question of exactly how many Bitcoin millionaires are is a difficult task.

In its simplest form, we can consider anyone with $1 million worth of Bitcoin as a BTC millionaire.. We can first look at their Bitcoin addresses to see how many are such millionaires.. Anyone holding 97 BTC at the current price of $10,310 (September 11, 2020) can be considered a Bitcoin millionaire.

However, the number of BTC millionaires can change frequently. We know that BTC has had high volatility in recent months.. Bitcoin, which said hello to 2020 with a fast start, went up to 10,500 dollars in February.. In March, it collapsed to about $4,000.. In July, it recorded the new high of 2020 at $12,400.

This means that. The ups and downs of the BTC price also affect the number of BTC millionaires.

Related – Current Bitcoin (BTC) Technical Analysis: BTC dollar parity and live price chart

A There are also some addresses that can be shared or multi-signed addresses.. Also, a person can have more than one million dollar BTC address.. This complicates the question of how many Bitcoin millionaires there are.

However, someone with around 97 BTC at their address is either a Bitcoin millionaire or a company with $1 million in user funds.

According to BitInfoCharts data There is currently $1 million worth of BTC or more at 17,005 addresses.. Of course, this is an estimate.. Because a person can have more than one $1 million BTC address. Or, some addresses are being used as joint accounts.

Related – If Bitcoin doesn’t get a reaction at this level, goodbye to the bulls!

In addition, over $100,000 at around 158,545 addresses there is bitcoin. And 869,463 addresses hold $10,000 worth of BTC. BitInfoCharts monitors about 16 million addresses in total, of which only 0.11 percent can be considered BTC millionaires at current price.

Source

Supermarket Chain “Pick n Pay” Added Among Businesses Accepting Bitcoin

Wealthy cryptocurrency investors, seeing the future taxation of their wealth, are collectively heading to Puerto Rico to create a crypto utopia.

PUERTOPIA

The utopia, which is aimed to be created with the name “Sol”, will only be operated with cryptocurrencies and blockchain technology.. Crypto billionaires have started buying many properties from the Caribbean Islands of Puerto Rico.

Many parts of Puerto Rico are still in need of rebuilding and restoration as much of it was destroyed by Storm Maria recently.. Wealthy cryptocurrencies are ready to do just that, and they’ve started buying properties in many parts of historic Old San Juan.

Puertopist Stephen Morris told The New York Times, “Everything just disappeared. When it’s taken off, you might have a reason to rebuild it completely.” agree that it is the perfect place for:

“We are generous capitalists building a generous economy. Puerto Rico had this hidden gem, this magical island always overlooked and abused.. Maybe 500 years from now, we’ll be able to do it.”

Puertopists—which includes Block.One co-founder Brock Pierce, among others—is now set on the site of an 1860-hectare hotel called the Monastery.. Finally, they plan to acquire Roosevelt Roads Naval Station, which is 3642 hectares in size and includes two deep-water ports and an airport.

WHY PUERTO RICO?

Puerto Rico is gladly creating a safe haven for those who want to protect their cryptocurrency wealth.

The country charges no federal personal income taxes, no capital gains taxes, and offers appropriate business taxes. What is more appealing is that Americans can live there without having to renounce their citizenship.

CNET and Videocoin founder Halsey Minor criticized the US stance on cryptocurrency taxation in an interview with The New York Times, saying, “The US doesn’t want us.. They are trying to suppress this economy.” said. “There needs to be a place where people can invest freely.”

The local government cites Old San Juan as one such place, and the president plans to speak at the “Puerto Crypto” blockchain summit in March.

Is CryptoColonialism?

Puerto Rico is a great place for American expats looking to take advantage of the island’s tax incentives.. Still, not everyone welcomes the idea of ​​creating a crypto utopia on this island.

For example, hedge fund manager Robb Rill told the New York Times that he disagreed:

They keep telling me they’re going to buy 100,000 hectares so they can build their own city and create their own crypto world in Puerto Rico. But I can’t agree with that.

Old San Juan natives like Andria Satz think that wealthy Puertopists will colonize under the name of “crypto-colonialism”:

We are for the rich we are a tax haven. We are a very suitable place for those who want to gain a new experience.. Outsiders are eligible for tax exemptions, but locals are not allowed.

Still, some local businessmen on this storm-ravaged island are happy to accept the money from incoming millionaires and billionaires. they hear – even though this money is digital.

Onur Market opens its 60th store in Bursa

For nearly fifteen days now, Bitcoin-based businesses around the world have been preparing their users for the possible fork that is expected to occur on or around November 16.. Bitpay, the world’s largest provider of bitcoin services, has announced its plans for the upcoming sewit2x fork.

Bitpay Follows

Atlanta-based Bitpay has announced its operational plans during and after the planned hard fork on the 494784 block in the Bitcoin network. The company says its first priority is the safety of its users. Keeping this in mind during some protocol upgrades, Bitpay said “we must take action to protect our users.”. Bitpay knows that the vast majority of miners and businesses support Segwit2x but not everyone supports a hard fork.

Bitpay

“Although most miners report support for this protocol change, not all does not support it. If miners split over this exchange, there is a significant risk of network splitting,” he explains..

Services may be shut down for 24 hours or more

The company’s contingency plan also applies to trade services, Copay wallet software and Bitpay Visa card users. Bitpay says it will continue to do their best to provide services using the Bitcoin blockchain. However, the company is telling its users not to use the Bitcoin network during block 494784 until everything is resolved. Unlike Bitcoin Cash in August, Bitpay will suspend all transactions for 24 hours and maybe longer.

“We will suspend payment acceptance, payment and debit card reloads approximately 24 hours before Segwit2x is activated – We are in contact with all our affected users at the moment with preparation instructions.” you should assume that the chain will be split and any Bitcoin you send will be included in both chains. In addition, any Bitcoin you receive will pose a risk above normal spending.

Finally, the company should consider whether there is a long-term or permanent chain split and the minority chain It will give users access to these tokens by specifying whether they still have value or not. As well as naming chains, Segwit2x will name the minority chain BC1 when the chain receives the most accumulated proof of work. BitPay explains that if Segwit2x does not receive the chain, the certain chain will be named BC2. Bitpay emphasizes “Beyond that, we have no plans to offer our services on the minority chain”.

Backlash to support Segwit2x

Of course, to Segwit2x Opponents did not like Bitpay’s latest preparatory statement. In fact, many anti-Segwit2x supporters have been rallying against the company for several weeks. For example, bitcoin developer Nicolas Dorier creates a Bitpay-compatible API for users who don’t like the company’s decisions. Also, on October 26, Satoshi Lab’s (Trezor) CTO Pavol Rusnak told his Twitter followers that the company cannot tolerate Bitpay.

Rusnak said, “We are changing the Bitpay exchange rate API in the Trezor web wallet.. Because they plan to gamble with the BTC brand – we can’t tolerate that,” explains Rusnak.

Bitpay does not appear to openly support Segwit2x and joins other big companies they have decided for the most favored side. Other businesses following the same plan include Coinbase and Xapo.

Source: Bitcoin.com

Cryptocurrency Move from the Rockefeller Family

Bitcoin-related jobs saw the largest increase in the third quarter of 2017 by employment market. “People are building teams of freelancers to design new cryptocurrencies,” Freelancer CEO Matt Barrie told CNBC.. Bitcoin-related Jobs Provided an 82% Increase in Employment.

Bitcoin-related jobs are the fastest growing category of self-employed workers in the international labor market.

Data, percent in the third quarter With the growth of 82, it showed that the studies related to the crypto money sector are increasing rapidly. The company’s periodic report tracks top trends in online businesses based on listings on the Freelancer.com platform.

Freelancer CEO Matt Barrie told CNBC:

they are building teams of freelancers to design new cryptocurrencies. One of the key skills companies look for is the ability to manage initial coins when a new digital token is first sold to outside speculators for the purpose of raising money (ICO). They were looking for people to create and they wanted to write proposal plans for technologies that use blockchain, the data structure featured in bitcoin.

According to Freelancer, the relevant area of ​​the crypto space shows that the number of job postings increased 59 percent in the third quarter.

According to Freelancer.

Bitcoin popularity has seen its ups and downs in recent years, but BTC has enjoyed repeated record highs in recent months, breaking above the $6,250 mark on Sunday.

Freelancer.com reports more than 480,000 new hits in Q3 has created jobs and has found more than 12 million jobs to date, with 25 million users, according to the company.

The top employee talent companies sought were: Adobe InDesign, 3D design, creative design , web language HTML5 and e-commerce platform WooCommerce.

Facebook, Instagram and Snapchat dominated social media platforms; Twitter surpassed Pinterest and Google Plus.

Which professional groups do you think can work in Bitcoin-related jobs?

Automotive giant SsangYong has officially filed for bankruptcy

Travel bans imposed due to the coronavirus, which affected the whole world, put airline companies in a difficult situation. The flag carrier Turkish Airlines (THY) became one of the companies that suffered financial difficulties due to the pandemic.

Due to travel restrictions, flight
Venezuelan People Found the Remedy in Bitcoin Production