Facebook Inc. is working on creating a cryptocurrency that will allow users to transfer money through the WhatsApp application, focusing primarily on the Indian market. Facebook is still working on a strategy for issuing its own stablecoin, searching for a custodian, and considering methods of storing fiat that will back the coin.
Despite the problems inherent in the current Bitcoin futures market, Bakkt's first-of-its-kind Bitcoin futures contract appears to be ready for regulatory approval.
A report published by the International Monetary Fund found that 15 different countries are considering joining the global fintech trend and adopting digital currencies as a payment method. In its report, the IMF identified two main reasons why they might make such a decision.
The weekly highs were updated on decreasing volumes, so in the near future there is a high probability of market consolidation near key support levels.
The state of Ohio's recent decision to allow businesses to pay taxes using Bitcoin has sparked a wave of criticism in the community, with many seeing it as an impractical and ill-considered PR move.
Stranded Iranian students in the United Kingdom are using Bitcoin as a tool to circumvent economic sanctions imposed on their country, according to a Guardian report. Parsa Sadat, a law student at the University of Reading, is one of scores of Iranian students unable to pay tuition fees after US President Donald Trump imposed sanctions on Iran last month.
Less than two weeks after marijuana was legalized in Canada, citizens of the country began being denied entry into the United States due to the legal use of cannabis. Canadians became concerned that the United States' borders would be closed to them.
Yesterday's impressive volumes of purchases continued to increase prices and, after a pullback from weekly highs, the market is still in the green zone.
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