In the last week, the amount of Bitcoin traded by Venezuelans via the LocalBitcoins peer-to-peer platform exploded by 30%, to reach an all-time high. The trading by residents of the financially troubled country, whose native Bolivar has been devalued by long-term hyper-inflation, amounted to the equivalent of $8.9m over the seven days up to February 8th. The news comes in the wake of the weekend announcement of new restrictions on the trading of cryptocurrencies for residents of Venezuela by its government, with the South American country’s authorities………….
In an epic ode to crypto, Ben from Los Angeles penned a glittering summation of the state of the market in verse, with plenty of wordplay and analysis of market psychology, the behavior of traders, the future of adoption and the strength of Bitcoin. He made the submission to Laura Shin for her weekly podcast Unchained which covers trends, insights and interviews on blockchain and cryptocurrency…….
Source: Bitcoin Power and the Uncensorable Cloud – A New Ode to Crypto Predicts the Return of Retail Investors in 2019 | The Daily Hodl
The BCH network continues to truck along in 2019 and with it come the cheap and lightning fast transactions supporters talk about all the time. Over the last 10 months, the median average for daily BCH miner fees has not risen above a penny. Typically, a transaction of 236 bytes or less costs the sender around $0.001 to $0.008 on the Bitcoin Cash blockchain…..
Source: Bitcoin Cash Transaction Fees Were Less Than a Cent Throughout Most of 2018 – Bitcoin News