Friday, December 6, 2019

Bitcoin price falls, article by Vitalik Buterin and purchase of homes with BTC in Spain

Key facts:

The Argentine Ministry of Industry will teach smart contracts programming at EOS.

On November 24, 2019 was the official release of the new version of Bitcoin Core (0.19.0).

This week the price of bitcoin suffered a significant fall, which led to the cryptocurrency being quoted at one of the lowest values in recent months, reaching below USD 7,000 per unit. At the time of writing this article the price is USD 8,093, according to the CriptoNoticias price calculator.

For David Puell, head of research at Adaptive Fund, the decline from this year's maximum (around USD 14,000 per BTC) has been a correction proportional to the increase from USD 3,000, the level at which the price was at First months of the year. "Generally, what goes up very aggressively corrects very aggressively," he says about it.

With CriptoNoticias, interested parties can keep up to date on changes in the market prices of bitcoin, ether, bitcoin cash and litecoin in relation to their local currency. To do this, they can visit the Mercado Latino section, which has a price calculator to convert quickly and easily.

Among other news of interest, is the blockchain project that will be financed by the financial arm of the Inter-American Development Bank, IDB Lab, which provides for the financial inclusion of 45,000 small producers of coffee, cocoa and other crops in Chiapas, Mexico. The purpose is to increase the productivity of the land and optimize the conditions of sale of these farmers' crops.

These are the most outstanding news:

Bitcoin fell more than 10% to the lowest price level of the last six months. On November 25, the cryptocurrency collapsed 11% compared to its price at the close of Friday 22 and was trading below USD 6,600. It is the first time since May that bitcoin was below USD 7,000. Among other elements, one of the reasons for the fall could be "the selling pressure" of the PlusToken Ponzi scheme, discovered in China. Addresses associated with the scam have been massively liquidating thousands of bitcoin, in addition to funds in ether (ETH) and other cryptocurrencies.
Five years after publishing an article in which he reviewed the main difficulties faced by the cryptocurrency economy in 2014, Ethereum co-founder Vitalik Buterin published an update of his work in which he broke down into three sections, his thoughts updated to 2019. For Buterin, the challenges are mostly focused on cryptographic problems, problems of consensus theory and economic sciences. But his argument was refuted by Bram Cohen, creator of BitTorrent, noting that much of what the Russian-born programmer claims is wrong.
Bit2Me announced on its blog the launch of Real Estate OTC, a platform that offers legal assistance for home buying negotiations in Spain, using bitcoins. The service includes all parts of the proper execution of the contract of sale, while offering legal, tax and commercial assistance. It also guarantees, before a notary, stability in the price of bitcoin during its conversion to euros.
IDB Lab approved the contribution of USD 600,000 for a blockchains project executed by FinTech EthicHub in order to facilitate financing to small farmers in Mexico. The agency approved the financing to support the promotion of the technological platform managed by the aforementioned company, in order to provide financial resources to unbanked farmers in that country.
The Ministry of Industry of the province of Misiones, in Argentina, opened the call for programmers with knowledge in Linux, C ++ and front end development to attend the course of smart contract programming at EOS, which will take place from December 4 to 5 in the Polo Tic Misiones. The objective is to form a team of developers that can apply blockchain technology, in order to design solutions to computer problems in Argentina.

As well:

On November 24, 2019, it marked the official launch of Bitcoin Core 0.19.0, the nineteenth version of the original Bitcoin software client released by Satoshi Nakamoto almost 11 years ago. This new version includes a series of performance improvements, modernizations and bug fixes, as well as other changes.
Bitriver is a mining farm founded in the city of Bratsk, located in the Siberian region. Although it does not directly carry out mining work, it offers access to mining equipment on demand, to customers in Russia and in 7 other countries. The success of this farm seems to depend on its geographical location, since it is located at an average annual temperature of -2 degrees Celsius. The equipment releases large amounts of heat and this climate serves as a cooling system so that they are not damaged.
Starting next year, German banks will be allowed to offer the sale and storage of cryptocurrencies under new legislation, which will take into account the recommendations contained in the fourth European Union Directive against Money Laundering. The bill has been approved by the German federal parliament, the Bundestag, and is expected to be signed by the 16 states of the nation.
The developer and member of the Ethereum Foundation, Virgil Griffith, was arrested on Thursday 28 by US authorities at the Los Angeles International Airport, on charges of traveling without authorization to North Korea, to allegedly help the government of the Asian country to evade the sanctions of the United States and offer advice on the use of blockchain and cryptocurrency networks.

Correction (of price): refers to a movement in the price of a cryptocurrency, generally negative and from 10% onwards. But it only counts as "correction" if the price of that cryptocurrency was above or below its usual value due to speculation.

Crypt of the week:

Uphold is a simple and friendly platform that allows you to exchange national currencies for cryptocurrencies or precious metals and vice versa. Its popularity has been increasing and already allows operations in more than 160 countries. Users can also make withdrawals to national banks in local currency.

Podcast of the week:

The Argentine lawyer and consultant, Camilo Jorajuría de León, with his heart set on Bitcoin bears the case of at least a dozen people affected by the BitInka exchange house. We take this opportunity to talk about the legal framework of cryptocurrencies in the southern country, to ask for advice on handling taxes if you are a crypto asset holder and discuss the relevance of regulations and governments for people.