After weeks of being traded between $5000 and $6000 dollars, we have arrived to a new Bitcoin record: $6300 Dollars.
In a country where the currency (Bolívar) loses its value every single day, is not possible to use cash anymore. A standard family only arrives to eat at the end of the month. Lets not talk about tooth paste or toilet paper rolls, they do not exist anymore in the country. If one is lucky enough to be able to earn a decent salary, it would be impossible to pay everything with cash.
If you believe that blockchain technology can only be used for cryptocurrency and banking operations, then you are wrong. Blockchain technology is growing in many different aspects in life. Business, Education, Health or Financial Services are some of the fields in which Blockchain technology can grow and develop solutions.
Kazakhstan’s Central Bank has proposed the government to restrict some cryptocurrency activities. Furthermore, as some experts believe, the intention is to ban mining factories in the country. The restrictions on exchanges and mining would be analyzed by the government in the next weeks.
The Central Bank of Singapore does not have a reason to regulate cryptocurrencies. The head of the Monetary Authority of Singapore confirmed it.
It seems that the famous phrase “divide and conquer” does not apply for the branched Bitcoin currency. 2017, the year of the hard forks for Bitcoin, had, by far, the best performance since it was born.