Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

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On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.

Also read: Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

The Relentless Attempt to Silence a Twitter Handle

The owner of the Twitter handle @Bitcoin believes the account is being restricted for being critical toward the Bitcoin Core (BTC) network and the Lightning Network (LN). Over the last few weeks, several BTC supporters have advocated having the account suspended or reassigned to a group of core developers.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The dispute arose because the @Bitcoin account shows support for the Bitcoin Cash (BCH) network. Hardcore maximalists and LN proponents believe that because the account calls itself ‘Bitcoin,’ it is fraudulently impersonating what they believe is the ‘real’ Bitcoin. On March 15, Twitter user @Moonoverlord opined that the account should be handed to the group of developers known as Bitcoin Core.

“So embarrassing the Bitcoin handle acts like this,” Moonoverlord tweeted. “Should be given back to the bitcoin core team instead of being used to start petty fights and mislead people.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
The @Bitcoin Twitter handle showing how the account’s traffic has been drastically reduced. Its owner suspects Twitter employees of shadow banning.

The former moderator of the r/bitcoin subreddit, a Reddit forum known for rampant censorship, also agreed with the idea and explained the handle could be given to any developers behind BTC. “Doesn’t have to be the core devs — Could be the group of devs @sqcrypto funds with just positive and informative content,” explained the Twitter handle known as ‘Stop and Decrypt.’ Blockstream VP of Solutions, Warren Togami, replied to Stop and Decrypt’s commentary by stating that “It’s better for the name to be frozen forever — The account has been committing fraud for a long time — Surely this is a violation of ToS.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

Twitter Suspensions and Shadow Bans

Following the controversy and people bickering about the handle this week, the @Bitcoin account detailed that it believed it was already being unfairly restricted. “Any journalists want to write about how Jack Dorsey (CEO of Twitter) is restricting accounts that are critical of one of his portfolio companies?” asked the Bitcoin handle on March 23. Twitter has also been accused of censorship and deplatforming for quite some time by many different critics.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The Twitter founder is a publicly known Lightning Network investor and has helped fund the startup Lightning Labs. The Bitcoin account had previous problems with Twitter in April 2018, when the account was suspended for unknown reasons. After the account was suspended, the r/bitcoin community celebrated while others on social media thought the move by Twitter was immoral. For example, cryptocurrency news and research website Coinivore tweeted to Twitter and Jack Dorsey to say that the account “should be restored and allowed to express their opinion on scaling.” Eventually, the Bitcoin account was restored to the rightful owner, but ever since its social reach appears to have been neutered.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach

The ‘One True Bitcoin’ Debate May Take Years to Settle

Right now the Bitcoin account doesn’t seem to be phased by the harassment and has continued to express opinions that are in opposition to scaling choices promoted by BTC and LN supporters. People who support the @Bitcoin handle expressing itself in any fashion have said that Bitcoin technology and the name are not a designated brand that solely belongs to BTC.

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
Twitter has censored Alex Jones, Info Wars, and many alt-right conservatives.

In fact, the protocol has been forked roughly 47 times since the notorious split on August 1, 2017, and there are individuals who believe there are many forms of Bitcoin now. The people who believe there is no ‘one real’ Bitcoin are convinced the protocol they support is the “better Bitcoin.” Among the 47 odd forks, groups of people think that there are only three chains that have decent support and it will take years for the market to decide which coin will be considered ‘the one and only Bitcoin.’ Even the amount of proof-of-work (PoW) could change in a 10-year period or another Bitcoin fork could capture the most accumulated PoW as well as the biggest market capitalization. On Saturday, entrepreneur Vinny Lingham expressed his opinion on this manner, writing that BTC is a clear winner and incumbent. Lingham added that “it’s going to take a Herculean effort for BCH and BSV to overtake it.”

“That said, the over-reliance on the Lightning Network for scaling and extreme focus on decentralization with the risk of high fees at any moment is a major limiting factor,” Lingham continued.

Another example that describes the situation perfectly was when independent cryptocurrency researcher Hasu Fly explained the set of circumstances that led to Bitcoin forks in December 2018. Within his memorable essay “Unpacking Bitcoin’s Social Contract,” Hasu noted that usually Bitcoin’s social contract cannot fork and typically only one contract remains after a split. However, the cryptocurrency researcher explained that the BCH fork was a rare and different story.

“Forking the protocol doesn’t equal forking the social contract, so the new token is worthless by default,” Hasu’s essay notes. “In the rare case that the social contract itself splits (like when bitcoin cash split off from bitcoin), you end up with two weaker social contracts—each agreed to by fewer people than the old one.”

Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach
Some people believe the ‘one true’ Bitcoin has not been decided upon.

The Sum of All Coins

To many people, the ultimate decision will be made by network participants and the free market in regard to what the ‘better Bitcoin’ is and it may not be decided for a very long time. Also, there are cryptocurrency supporters who hold BCH, BTC, and BSV as a ‘sum of all coins’ investment approach, in order to see which one reigns supreme in the future. People of this opinion believe that the Bitcoin twitter handle should not be restricted or frozen by the whims of the mob and a Lightning Network investor. However, in the crypto community, the oppression of mob rule and censorship has been extremely heavy in recent times. The Orwellian thought process expressed on Twitter shouldn’t be too surprising since forums like r/bitcoin, many crypto thought leaders, and various censorship apologists have promoted the obvious manipulation within the Bitcoin community since 2015.

What do you think about the individuals trying to get the Bitcoin Twitter account suspended? Let us know what you think about this subject in the comments below.


Image credits: Shutterstock, Twitter, and Pixabay.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoin Account Accuses Twitter of Shadow Banning to Restrict Its Reach appeared first on Bitcoin News.

Bitcoinmap.cash Helps You Find Places to Spend BCH

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An application called Bitcoinmap.cash lists locations where decentralized digital currencies such as bitcoin cash can be spent directly. It provides information about hundreds of restaurants, bars, hotels, and stores around the world that accept electronic cash without intermediaries.

Also read: New Crypto Exchange Bitzlato Offers P2P Trading

Promoting Direct Payments With Bitcoin Cash

The Bitcoinmap.cash platform, a community project open to new participants and developers, has a web-based version and a mobile app for Android devices. All the venues displayed on its map accept bitcoin cash (BCH) or dash, while some of the shops also take bitcoin core (BTC). Many of these places – such as the Cara B Cafe-Bar in downtown Barcelona or the La Sirene Soho Restaurant in New York – offer discounts of up to 20 percent on the first BCH payment you make.

Bitcoinmap.cash Helps You Find Places to Spend BCH

The people behind Bitcoinmap.cash believe anyone who is holding cryptocurrency should support the growth of its value by actively promoting and spending it. “The only reason why Bitcoin has any value is because we can use it for payments. If we don’t use it for real world p2p payments it will never reach its potential,” proclaims the app’s Google Play store page.

The platform’s developers, who hail from a group called The Real Bitcoin Club, note their goal is to promote the adoption of cryptocurrencies without the participation of payment processors and government engagement. They suggest using bitcoin cash and dash as their low transaction fees allow everyone to participate, especially in regions such as Africa, South America and Asia. Businesses that want to be added to the map can file a request via email to trbc@bitcoinmap.cash.

Do you find apps such as Bitcoinmap.cash helpful for the adoption of cryptocurrencies? Share your thoughts about the platform in the comments section below.


Images courtesy of Shutterstock, Bitcoinmap.cash.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoinmap.cash Helps You Find Places to Spend BCH appeared first on Bitcoin News.

Win $5K of BCH Playing Cashgames From Bitcoin.com

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Bitcoin.com’s gaming portal is filled with a plethora of casino-style games that allow you to wager and win with bitcoin cash (BCH). Last week, one punter did just that, scooping $5,000 of BCH from a progressive slot. All of the games that feature on Bitcoin.com’s Cashgames portal are provably fair, with a typical return of 99% or greater. All it takes is a little BCH to participate.

Also read: The Fed’s Low Interest Rates and QE Have Created a Dependent Generation

Anonymous Player Wins 33 BCH Playing Cashgames

Bitcoin and betting have long been synonymous, with the earliest use cases for the digital currency comprising simple high-low gambling games such as Satoshi Dice. There’s even evidence that Satoshi intended to incorporate a virtual poker game into Bitcoin’s first code. At Bitcoin.com, we’ve maintained this tradition by enabling people to participate in games of chance in which the outcome can be verified. This type of transparency is at the heart of peer-to-peer currencies such as bitcoin cash, which is a natural fit for provably fair gaming. On March 18, one anonymous player tried their luck on one of the Cashgames progressive slots, and won 33 BCH, worth over $5,000.

Win $5K of BCH Playing Cashgames From Bitcoin.com

Cashgames features an array of casino favorites including video poker, blackjack, roulette, craps and keno. There’s also slots and dice, with the latter game akin to the original Satoshi Dice that was once so popular among early bitcoiners. Because Cashgames is powered by BCH, fast and low cost deposits and payouts are guaranteed. Players can try out all of the games in testmode before electing to deposit bitcoin cash and play for real. If you don’t have BCH handy, Sideshift integration will enable you to switch from other cryptocurrencies such as BTC quickly and privately. Alternatively, there is a BTC-based version of the portal called Bitcoin Games.

Win up to 4,000 BCH in One Go

Whether you choose to bet big or stay small on Cashgames is your call. Because of its provably fair setup, the gaming portal gives players confidence in the outcome of each hand played, dice rolled, or roulette wheel spun. While residents of a handful of countries including the U.S. are not allowed to play for real BCH, Cashgames is accessible in most countries where gambling is legal.

There’s some serious sums to be won too: land a royal flush in video poker, and you could be looking at a jackpot in excess of 4,000 BCH. Even if you’re simply curious to see how a cryptocurrency-powered gaming site operates, there’s plenty to keep you rapt. Check out Cashgames and see what you can win at the provably fair site with a 99% return.

Have you tried Cashgames? What are your thoughts on the BCH-powered gaming portal? Let us know in the comments section below.


Images courtesy of Shutterstock.


Need to calculate your bitcoin holdings? Check our tools section.

The post Win $5K of BCH Playing Cashgames From Bitcoin.com appeared first on Bitcoin News.

Indian Supreme Court Set to Hear Crypto Case on March 29

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The four-week window that the Indian supreme court has given the government to come up with crypto regulation is coming to an end. According to the court’s Advance List, the crypto case is listed for March 29. Meanwhile, the community is ramping up efforts to bring about positive crypto regulation and the end of the banking ban imposed by the central bank.

Also read: Indian Exchange Launches Lending Program for 5 Cryptocurrencies

Advance List Shows Hearing Date: March 29

The deadline given to the Indian government by the country’s supreme court to come up with a regulatory framework for cryptocurrency is drawing near. On Feb. 25, the court gave the government four weeks to produce crypto regulation. That period is up next week. Nishith Desai Associates lawyer Jaideep Reddy represents the Internet and Mobile Association of India (IAMAI) in its writ petition against the crypto banking ban by the central bank. He told news.Bitcoin.com Saturday:

The supreme court publishes something called the ‘Advance List’ and according to that, the case is listed on March 29. The final list which will have the confirmed date should be out early next week.

While the court’s Advance List currently lists March 29 as the next hearing date for the crypto case, it is still subject to change. Furthermore, the court will first hear about the regulatory framework for cryptocurrency from the government and may not address the crypto banking ban by the central bank, the Reserve Bank of India (RBI), on the same day.

Indian Supreme Court Set to Hear Crypto Case on March 29

The regulatory framework for cryptocurrency in India is being drafted by an inter-governmental committee headed by Subhash Chandra Garg, Secretary of the Ministry of Finance’s Department of Economic Affairs. During the last supreme court hearing, the government told the court that this committee was in its “final stages of deliberations.”

There have been a few reports speculating on what the recommendations by the Garg committee entail. CNBC TV18 claims that their sources said the panel has suggested a ban on cryptocurrencies. However, another report states that the panel has suggested cryptocurrency “needs to be legalized with strong riders.”

Efforts to Lift RBI Ban

The RBI issued a circular which prohibits banks from providing services to crypto businesses including exchanges back in April last year. The ban went into effect in July. A few industry participants and stakeholders responded by filing writ petitions against the ban, which the community hopes the supreme court will soon hear. The case was originally going to be heard on Sept. 11 last year but it has been repeatedly postponed.

Reddy shared with news.Bitcoin.com that “As of now we are fully focused on representing our clients in the supreme court case, since the RBI circular is the restriction which really affects the industry,” emphasizing:

One would hope the case on the RBI circular is decided soon since the industry has been in limbo for nearly a year now.

Indian Supreme Court Set to Hear Crypto Case on March 29

As the supreme court hearing on crypto regulation approaches, there are several notable efforts within the crypto community in India.

News.Bitcoin.com recently reported on Blockchained India’s roadshow making rounds in four cities where industry participants can share their thoughts on whether India needs cryptocurrency regulation and what their suggestions are. The latest meeting took place in Hyderabad on March 16 and the next one will be in Bengaluru on March 30. The organizer of the events has said that the best suggestions for crypto regulation “will be included in the report to be submitted to the decision makers amongst the government.”

Meanwhile, the “India Wants Crypto” social media campaign has entered its 143rd day and is continually growing in popularity.

Do you think the Indian supreme court will hear the crypto case on March 29? Do you think the RBI ban will be lifted? Let us know in the comments section below.


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Need to calculate your bitcoin holdings? Check our tools section.

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The Fed’s Low Interest Rates and QE Have Created a Dependent Generation

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On March 20, the Federal Reserve’s Open Market Committee (FOMC) unanimously decided to keep federal interest rates unchanged. Critics believe that the central bank’s policy of near-zero interest rates and quantitative easing (QE) has corrupted the U.S. economy for nearly a decade and spawned a generation of socialists.

Also read: Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

The U.S. Federal Open Market Committee Too Stubborn to Raise Interest Rates

This week, numerous news outlets described how the Federal Reserve’s FOMC opposed changing interest rates again. The group seems leery toward normalizing the Reserve’s monetary policy. The central bank hasn’t budged on increasing interest rates higher than 3 percent since the financial crisis in 2008. This week’s FOMC shows the Fed is not willing to increase rates anytime soon and the current monetary policy will be sustained for the foreseeable. A number of economists think that the Fed’s stubbornness will impact badly on the economy for a variety of reasons. For one, keeping interest rates low distorts people’s perception of a healthy economy when younger generations grow used to homes and car loans boasting near-zero rates.

The Fed's Low Interest Rates and QE Have Created a Dependent Generation

Economists believe that the Fed’s low interest rates make savings an unattractive goal and with extremely low rates the idea of savings doesn’t make sense. Low rates hurt smaller banks like credit unions because individuals choose to keep fewer funds in checking and savings accounts. The rates also cause inflation to rise which makes savings even less worthwhile and to a majority of people borrowing makes more sense.

The Fed's Low Interest Rates and QE Have Created a Dependent Generation

This, in turn, makes debt increase as near-zero rates encourage people to consume more than they can afford. With rates never rising above 3 percent, the last decade has seen growing debt and excess and quantitative easing has fueled the flames even more. In addition to low interest rates since the Federal Reserve and Chairman Ben Bernanke’s administration, the Fed has been a money printing machine.

A Decade of Near-Zero Rates and QE Is Creating a Generation of Socialists

Back in the summer of 2016, it was estimated that the Fed had printed over $12.3 trillion of new money and nearly $10 trillion in negative-yielding global bonds since the financial crisis in 2008. Even today the Fed hasn’t stopped the printing madness and interest rate cuts continue unchallenged. In 2018, the Fed’s balance sheet exceeded $4 trillion and economists believe more QE is on the way. Skeptics think this has caused Generation Z and millennials to embrace socialism and the ideologies behind it. Notorious Zero Hedge columnist Tyler Durden explained on March 11 that a recent Harris-Axios Poll shows the Fed’s QE has likely bolstered the idea of a state fostered by socialism. Durden’s report emphasizes:

With younger generations financially penalized under QE to prevent the economy from a deflationary collapse, the Fed may have inadvertently transformed tens of millions of young Americans into socialist.

The Fed's Low Interest Rates and QE Have Created a Dependent Generation

The poll shows that American millennials and Gen Z’s are dealing with the low-paying gig economy, renting rather than owning, increasing debt, and rampant cost of living expenses and inflation. Additionally, the poll points out that 50 percent of young Americans today would choose to live under a socialist regime. 37 percent polled desire a socialist-based economy over capitalism. Moreover, the Fed is doing a good job of educating society and even created a mobile app that teaches young children about the ‘benefits’ of promissory notes.

The Fed's Low Interest Rates and QE Have Created a Dependent Generation

The Fed’s Failure: An Unimpressive Economy and Rising Inequality

A senior editor at the Mises Institute, Ryan McMaken, gives a seething critique of the FOMC decision and the Fed’s continued failure. McMaken denounces the FOMC’s fear of raising rates and believes the central bank’s actions have “coincided with both an unimpressive economy and rising inequality.” “If that’s not evidence of the Fed’s failure, it’s hard to imagine what is,” McMaken’s evaluation notes. Since the crash of 2008, QE, and the bailouts, cryptocurrencies have been a method for some to escape the manipulation created by the state and the Fed’s monetary policy. In fact, over the last decade, as the Fed has pursued this activity, safe haven investments like precious metals and bitcoin have risen in value exponentially.

What do you think about the FOMC’s decision to leave interest rates unchanged? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Bloomberg, Pixabay, and Mises.org.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

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Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

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The cryptoconomy means many things to many people. For example, since the inception of Bitcoin in 2009, some individuals have used digital currencies as a form of agorism otherwise known as counter-economics. These people believe that using bitcoin as a tool to avoid state harassment is one of the technology’s key features with the potential to reduce the manipulation and civil abuses perpetrated by government bureaucracy.

Also read: This Short Animation Might Make You Think Twice About Taxes

Bitcoin and Agorism

Since the creation of the Bitcoin network, many libertarians have flocked to this technology. Groups of ideologists who believe in free markets, anarcho-capitalism, and the protection of property rights have all called cryptocurrencies a tool that can be weaponized against central controllers of the world’s money. Agorists, in particular, appreciate cryptocurrencies as a means to avoid state harassment and civil abuses like taxation at all costs. Because digital currencies can be used in a private manner if the user desires then people who live counter-economically can stop funding wars, the police state, corruption, and the oligarchy.

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

Agorism stems from the Greek root word “agora,” which means “open markets” and the philosophy of counter-economics was first conceived by a libertarian philosopher named Samuel E Konkin III (SEK3). Konkin asserted that agorism is the ultimate strategy for living free because it involves any types of voluntary exchange, but makes sure the state is removed from the situation.

“Everyone is a resister to the extent that he survives in a society where laws control everything and give contradictory orders — All (non-coercive) human action committed in defiance of the state constitutes the counter-economy,” explains Konkin’s Agorist Primer.

Agorists partake in black markets and operate under the noses of the state in the gray area as well, which could mean avoiding taxes, dismissing the idea of permits and licenses, operating a business under the table, and circumventing regulations. Of course, using money is a big part of the ideological process as well and agorists prefer to settle exchanges by barter and trade, cash deals, and cryptocurrencies. The reason digital currencies like bitcoin are attractive to agorists is because the money is not issued by a central authority like a bank, no corporation is behind it, and most importantly it operates completely free from the state.

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

Satoshi’s Bitcoin Privacy Instructions

Satoshi spoke a few times on how bitcoin will not be the “ultimate solution to political problems,” but on Nov. 7, 2008, the digital currency’s creator insisted: “We can win a major battle in the arms race and gain a new territory of freedom for several years.” Moreover, on Feb. 6, 2010, Satoshi recommended using Tor in order to add an extra layer of privacy to crypto transactions. “You could use Tor if you don’t want anyone to know you’re even using Bitcoin,” explained Nakamoto. “Bitcoin is still very new and has not been independently analysed — If you’re serious about privacy, Tor is an advisable precaution.”

On Nov. 25, 2009, Satoshi stated:

The possibility to be anonymous or pseudonymous relies on you not revealing any identifying information about yourself in connection with the bitcoin addresses you use. If you post your bitcoin address on the web, then you’re associating that address and any transactions with it with the name you posted under. If you posted under a handle that you haven’t associated with your real identity, then you’re still pseudonymous — For greater privacy, it’s best to use bitcoin addresses only once.

‘Each Transaction Makes a Difference, Strengthens the Agora’

There are many ways cryptocurrencies can be used to remove the state from consensual trades between individuals and many digital asset proponents believe this. Agorists also believe that vices are not crimes and label the drug war a crime against peaceful civilians. The founder of the Silk Road, ‘Dread Pirate Roberts’ (DPR), also believed in the anti-authoritarian stance involved with Agorism.

“Every single transaction that takes place outside the nexus of state control is a victory for those individuals taking part in the transaction,” DPR stated back in 2012. “So there are thousands of victories here each week and each one makes a difference, strengthens the agora, and weakens the state.”

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

Many believe that anti-state activity tied to Bitcoin like Wikileaks and the Silk Road helped fuel the digital currency’s real-world value during the early days. Moreover, with the dozens of darknet markets and sectors such as gambling, gray and black activities are still very prevalent within the cryptocurrency ecosystem. There are some digital currency supporters begging for cryptocurrencies to be regulated and ‘defined’ by the state. However, like it or not, on the opposite side of the spectrum, many agorists are intentionally doing things with cryptocurrencies that are considered ‘bad mannered’ and ‘uncouth.’

Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory

Agorists and those who follow a sincere libertarian ideology believe that pro-state bitcoiners lack principles and the technology’s greatest expression of intentionality have always been anti-state. As the evolution of cryptocurrency grows more people who are anti-war, anti-state, and wholeheartedly believe in a society run by free markets will continue to be attracted to this technology.

Do you want to learn more about Agorism? Check out these links below.

What do you think about the relationship between cryptocurrencies and Agorism? Let us know your thoughts on the subject in the comments section below.


Image credits: Shutterstock, Pixabay, and Twitter.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even look up the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post Bitcoin and the Agora: Every Transaction Outside the Nexus of State Control Is a Victory appeared first on Bitcoin News.

The Daily Tip: New Crypto Exchange Bizlato Offers P2P Trading

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There’s a new digital asset exchange on the market that offers opportunities for peer-to-peer cryptocurrency trading and a variety of fiat payment options. Bitzlato is a Russian platform integrated with a P2P exchanger that features a web-based version and a Telegram bot buying and selling six cryptocurrencies.

Also read: BCH Is Now Supported by a Large Crypto ATM Network in Switzerland

Numerous Payment Methods Available

The integration allows Bitzlato to provide users with a variety of deposit and withdrawal options including bank transfers, payment processors, credit cards and ATMs. Traders in Russia, Belarus, Ukraine, Kazakhstan and a couple of dozen other countries can use popular services in the region such as those offered by Qiwi, Yandex Money, Sberbank, Tinkoff Bank and many more.

The Daily Tip: New Crypto Exchange Bizlato Offers P2P Trading

The crypto trading platform, which went live in February, is now processing trades in open beta mode. Bitcoin cash, bitcoin core, ethereum, litecoin, dash, and dogecoin can be traded on Bitzlato. Its team plans to also list the two recently launched privacy-centric cryptocurrencies beam and grin.

This week Bitzlato introduced a new stablecoin for its traders. “Monolith” is an ERC20 token that comes in two variants – a 1:1 ruble-pegged RUBM and a dollar-pegged USDM coin. Monolith transactions are commission-free. The exchange charges a 0.05% maker fee and a taker fee of 0.15%.

The platform maintains a multi-currency online crypto wallet and offers merchants a gateway for accepting payments in both cryptocurrency and fiat money.

Do you know of any other new trading platforms in the crypto space? Tell us in the comments section below.


Images courtesy of Shutterstock, Bitzlato.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post The Daily Tip: New Crypto Exchange Bizlato Offers P2P Trading appeared first on Bitcoin News.

<h1>Bitwise Warns SEC That Much Of Reported Trading Volume On Unregulated Exchanges Is Fabricated</h1>

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The warning comes amidst Bitwise’s efforts to get its bitcoin ETF approved.

<h1>Missoula County Commissioners Look To Require Renewable Energy Practices For Mining Operations</h1>

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Despite heavy zoning and energy requirements, the county wants to remain open and welcoming to crypto mining facilities.

<h1>Japan-Based SBI Holdings Establishes Crypto Chip Mining Manufacturing Subsidiary</h1>

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The mega-corporation hopes to help stabilize the crypto market.