Bitcoin News today April 29
Dear reader, belonging to this growing technology community and blockchain enthusiasts, today I will tell you about the Bitcoin news today April 29, which has been echoing all over the internet, the most important thing in regard to crypto-posts in today, have a coffee and adjust the belt here we go.
1. Second life to Bitcoin seized by drugs thanks to the governments of the United States, United Kingdom, Bulgaria, and Germany.
According to the study of the University of Technology of Sydney, it is demonstrated that the fourth part of the cryptocurrencies is linked with drugs and drug trafficking. This is so, thanks to the characteristic that has blockchain of being anonymous.
The United States recently has seized the amount of 170000 bitcoin units. In this way, we can calculate that they obtained 1.5 trillion dollars if the public sale is made.
Germany also conducted an investigation to capture those who called themselves Silk Road 2. The amount of bitcoin seized in total was 126. That is a total of 1.2 million dollars at today’s exchange rate.
In the case of United Kingdom, they also obtained a favorable result after the capture of drug trafficking groups. The total amount of bitcoin seized was a total of 213519.
Consequently, there is a long way to travel to avoid this type of action. However, the fact that the FBI, the DEA, and other international organizations work on it is a good sign. The bitcoin auction is a very good option to avoid internal disputes.
To finish, it would not be too much for this bitcoin to be offered to the exchange houses. Or maybe, that the government itself creates its own blockchain network.
2. Panama as regional leader Fintech in Latin America: promote the ecosystem through an international conference.
The Caribbean country seeks to become an international creative power, incubator, and promoter of fintech companies.
Panama has to be agile, it is time to move forward with the project of modernization of the financial system, because the region that advances now could be put on par with the neighbors of South America, such as Colombia, which has executed two years of a plan 10-year strategic plan whose purpose is to become the leader in fintech in the region, a seat led by Argentina and followed by Chile.
Executive Director, Cryptobuyer
The company Cryptobuyer is an exchange of purchase and sale of bitcoin and other cryptocurrencies.
The exchange house of Panamanian cryptocurrency is the one who organizes this conference. Which will be held the first days of March. In addition, they will have a hackathon aimed at developing solutions using blockchain.
In conclusion, with this effort, they seek to educate the Panamanian population towards a culture of use for bitcoin.
Taking into account that they also seek collaboration with the government to implement new laws. In this way, encourage the use of blockchain in Panama.
3. The Superintendency of Banks of Panama warns of the misuse of Bitcoin and its country’s cryptocurrencies
The supervisor of the state of Panama shows fear of the growth that bitcoin and cryptocurrencies are having in the country.
In such a way, they are now suggesting to the Panamanian population that they be careful with the operations, transference, purchase, and sale of bitcoin and cryptocurrencies.
However, associations that work together many initiatives, with the government do not understand this ambivalent action.
That is, in 2017 the government supported many initiatives to develop the growth of Panama Fintech companies.
As for example the Hackathon “Fintech Panama 2017”, and the events organized by the PanaFintech group.
In consequence, the community of developers and entrepreneurs of the world bitcoin and cryptocurrencies are disgusted.
This is due to the lack of a clear position by the government. Consequently, they will seek a dialogue table to improve the actions to be taken on blockchain technology in Panama.
Featured image courtesy of Panama Blockchain Embassy
4. Banks of Chile in Jaque for blocking the functioning of Buda and other exchange
Recently the banks in Chile have agreed to block the exchange bitcoin houses of their country.
That is, exchange houses like Buda create bank accounts in the countries in which they operate. As for example Peru, Colombia, and Chile.
“Basically, the industry will continue to develop, and it is also very important for the country, not only for the cryptocurrency industry, because banks here have too much control over everything. So, the fact that they can kill an industry, an entire industry, a complete technology, simply because they did not like it, is very risky for a country. ” Guillermo Torrealba, CEO of Buda.com
He also commented that the excuse that banks were giving for the closure has no basis.
Since they are based on the excuse that bitcoin and cryptocurrencies are not regulated. Which is not a valid argument.
“They are not the ones who decide what is regulated or not” said Torrealba.
In short, this situation is unfair, we just have to wait for the official statement from the Chilean banking entities about its position with bitcoin and altcoins.
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