Daily Update Cryptocurrency News
1. The people responsible for the creation of social media platforms like Facebook and Twitter have been singing praises for cryptocurrencies and their underlying Blockchain technology.
2. Venezuela owes Russia some $3.15 billion over the next 10 years, but the South American nation will not be paying its debt using its petro cryptocurrency.
3. Reddit no longer accepts Bitcoin payments for its premium membership program, Reddit Gold, although the feature may return to the social media platform in the future.
4. The Bitfinex team commented that the restrictions are applicable to all customers of the platform, not only US clients. They also relate to all activities on the platform, such as “deposits, financing, trading, and withdrawals.” The platform added that all of its “contractors and employees”, regardless of location, are also prohibited from transacting in the Petro.
5. Vitalik Buterin visited with Japan’s Minister of Foreign Affairs. 40 new Enterprise Ethereum Alliance (EEA) members announced. Three large Ethereum conferences are closing in. And the uPort app can now be used across multiple intra-ecosystem blockchains. Here’s Ethereum now.
6. The new measure come at a time when the cryptocurrency market is seeing growing interest from retail investors, and brokers and dealers have responded to this demand with new products.
7. The organizations involved in the upcoming lawsuit against the four social media and tech giants are the Russian Association of Cryptocurrency and Blockchain (RACIB), the Korea Venture Business Associations, and LCBT, a Chinese association of crypto investors.