Crypto Bytes
DIGESTIBLE CRYPTO NEWS + PODCAST

“Every day I will narrow down the identity of satoshi until he reveals himself, or I reveal him..”
– John McAfee, 2019

MOON
Who’s up…

Bitcoin For Notre Dame… Since the fire started, countries and French nationals have pledged millions to help rebuild the cathedral. The cryptocurrency community was also not ready to be left behind and the Bitcoin for Notre Dame initiative was launched. Donate

Bitcoin passes $5,500… Bitcoin has secured one of its most key targets. In the last couple of hours, Bitcoin has crossed over above $5,500, breaking its most recent resistance positions of $5,400. With this achieved, the coin is currently aiming at a position above $6,000 and the new wave of green suggests that this will be done in the short-term.

Takeaways: Bitcoin allows people from all over the world to donate for a good cause without steep transfer fees. Click here if your interested in donating Bitcoin. The sentiment towards Bitcoin seems to be changing as the price of reaches a 5 month high and is one of the best performing assets in 2019.

REKT
…Who’s down

Russia’s failed attempt to regulate… The proposed ‘digital assets’ law aims to “legalize ICOs” in Russia and is expected to be reviewed in May. If this law passes, then Russia’s central bank will have the sole power to decide which digital assets can be bought by unaccredited investors. To become accredited, an individual must be in possession of assets valued at over 10 million rubles ($150,000 USD).

Mexico Wont Pay For It… The US White House is reportedly planning to target remittance payments to fund the US/Mexico border wall in the form of a remittance tax. If passed, those changes may push immigrants to use alternative channels to transfer needed funds, such as Bitcoin. According to one report, 2018 saw a total of around $33 billion sent in remittances from the US to Mexico. Moreover, this is one of the largest sources of foreign capital in Mexico. Remittances from the US to Mexico are already fined at around 5%.

Takeaways: Laws that are anti-crypto will force crypto startups to move to friendlier jurisdictions such as Malta or Switzerland. Mexico and other countries that are exposed to the remittance ripoff will find alternative to sending money back home such as the use of cryptocurrency or mailing cash.