U.S. Senators Marco Rubio (R.-Fl) and Robert Menendez (D.-NJ) have denounced Venezuela’s planned cryptocurrency in a new letter. In an open letter addressed to U.S. Treasury Secretary Steven Mnuchin, Rubio and Menendez asked how the Treasury Department was monitoring Venezuela’s plan to create its own oil-backed cryptocurrency, which the country’s president, Nicolas Maduro, has said will help the country avoid global financial sanctions. Read More @ https://www.coindesk.com/u-s-senators-decry-venezuelan-petro/
COST OF TRANSACTION & SOLUTION.
Rising fees seem to be the only thing people talk about in the bitcoin world these days.
The crypto space is full of frustration and vitriol on the topic, as the average transaction fee has soared to $19, turning bitcoin’s old claim to fame as a cheaper online payment method into a laughable assertion. But despite these increasing costs, and the long-running debate they’ve caused, developers and users argue there are simple ways to decrease fees that aren’t being fully taken advantage of. This point was raised recently when new data came to light suggesting that one bitcoin startup, Coinbase, singlehandedly facilitates as many as half of all bitcoin transactions, based on the drop in overall network volume when the U.S.-based exchange went offline for a couple hours on Jan. 11. Read more @ https://www.coindesk.com/save-bitcoins-soaring-fees/
The price of bitcoin is down more than 10% today, according to CoinDesk’s Bitcoin Price Index (BPI). At press time, the cryptocurrency’s price is trading around $10,237.28, a decline of roughly 10.92% from the day’s open of $11,522.86. As it stands, the current value is near the daily low of $10,050.79, and as of time of writing the price of bitcoin is down more than $1,200 for the day. As seen in the graph, the price held above $11,000 until roughly 13:15 UTC, after which the price dropped below that level.
- We will see the development; and make the move when it is right.
- More and More Crypto in the making and this will be totally dis-organised and dangerous to the central banking system.
- Matter if time such transaction have to stop.
- Always be cautious as more and more scammers are cashing in for those who lack in knowledge.
High Risk Investment Warning:
Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.