Cryptocurrency

Breaking News of the week: India removes ban on trade with cryptocurrencies

Key facts:

Commercial court of Nanterre, in France, recognizes bitcoin as money legal.Supervisory authority German declared to the cryptocurrencies as financial instruments.Among the information most notable this week is the recent decision of the Supreme Court of India, which removed the prohibition against the marketing of the cryptocurrencies in that country, which had been imposed by an order of the Reserve Bank of India (RBI) in April of 2018. Meanwhile, in Germany, the Federal Authority of Financial Supervision (BaFin) issued guidelines relating to the cryptocurrencies.In these seven days, bitcoin (BTC) registered a new rise in its price that led to the criptomoneda to exceed $ 9,000. However, a new fall was observed from the 7 of march, bringing its value below $ 8,000. At the time of writing this article, BTC is priced in USD 7.947, as was reflected in the market price of Latin america and Spain, according to the price calculator of Breaking News.With Breaking News, interested parties can keep up to date on changes in the market prices of bitcoin, ether, bitcoin cash and litecoin, with relation to your local currency. To do this, you can visit the section of the Market is Latin, which has a pricing calculator to perform conversions quickly and easily to your national currency.

These are the news highlights:

In a verdict of 180 pages, the Supreme Court of India said that the prohibition of the marketing of the digital currencies was not proportional and that the same central bank (RBI) had not found any adverse impact or damage done by the activities of the houses of change of cryptocurrencies.Following the implementation of the 5th Directive of the European Union anti-Money Laundering (5AMDL) announced earlier this year, the Federal Authority of Financial Supervision of Germany (BaFin) now classifies all digital assets such as financial instruments. The document describes the differences between some digital assets, and classifies some tokens as “investments”, others as “securities and investments” and others as “values”.Bitcoin now qualifies as a money legal in France after the criptomoneda pioneer to be recognized by the Court of Commerce of Nanterre, as an intangible asset, consumables, legal and interchangeable, just like the fiat money. In the French territory, it is expected that from the decision, dated February 26, rebound the transactions and improve the liquidity of BTC.A group of exchange houses and Steemit took control of the blockchain Steem then use the funds of their users to replace 20 of the 21 delegates or witnesses in their system of governance. The community of Steem and figures of the criptoecosistema denounced the situation. After taking control of the network Steem, Changpeng Zhao, CEO of Binance, announced the withdrawal of the contested vote. Justin Sun, the founder of Tron and owner of Poloniex, who allegedly is behind the account user @dev365, also decided to withdraw their votes.The Department of State of the united States noted that all the operations performed by people or businesses of this country with “the old regime of Nicolas Maduro, or Pdvsa” are subject to sanctions, regardless of whether these transactions are carried out with petros, cryptocurrencies as bitcoin or any other token digital.A new online application called “Bitcoin Price Map” shows a global map with the different rates of change of the criptomoneda. So, you know, for example, that the Latin american country where bitcoin has the higher price is Argentina, while Colombia has the exchange rate lower.If you want to know the meaning of several words from the terminology of the criptomundo, you can reference the extensive Glossary of Breaking News.

Bug Bounty (rewards Program): this is an economic reward designed mainly to developers who manage to find errors in the source code of certain software. It is very common to be offered Bug Bounty’s in the world of cryptocurrencies.

Criptotutorial of the week:

In Bisq upgrades are performed in a decentralized way and oriented to the privacy of the users. Each operator is connected to a separate node of the network without direct communication between them, without any chats for the exchange of information and, consequently, of potential scams.

Podcast of the week

Economist, in criptos since 2012, professor of management and management of criptoactivos in FACES-UC, COO of Blinktrade and head of the department OTC for Argentina and Brazil of Bitcambio, operator of reconciliations of Bitcoin with theories of economic thought, Daniel Arráez gives us his impressions about Venezuela and its relationship with the cryptocurrencies, among other discussions on the country’s economy.