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Image of The Week, April, 15 — 19: Bitcoin Magazine, Mashable, Coinspeaker, and Others

Ian Marchewski

Kraken Delists Bitcoin SV Following Online Poll from Over 70,000 Users (Bitcoin Magazine)

According to a report in the official blog of the US-based exchange Kraken, the Bitcoin SV token is now excluded from the list of traded cryptocurrencies for behavior that is “completely antithetical to everything we at Kraken and the wider crypto community stands for.” Delisting took place following a survey conducted by the exchange on Twitter account in response to the rude behavior of the BSV creator Craig WRIGHT, which many users have witnessed recently. More than 70,000 people took part in the poll, and the overwhelming number of them (71% of respondents) voted for delisting the cryptocurrency. Along with Binance, SatoWallet, ShapeShift and others, Kraken entered the list of stock exchanges and crypto wallet operators that stopped supporting BSV.

Coinbase expands by opening shop in 11 new countries (Mashable)

As it became known on Wednesday, one of the most popular crypto exchanges in the world is launching its service in 11 new countries. Coinbase has opened offices in Argentina, Mexico, Peru, Colombia, Chile, India, Hong Kong, South Korea, Indonesia, New Zealand, and the Philippines. Coinbase services are now available to a total of more than 2 bln people in 53 countries of the world, located on four continents. New customers will be able to store, exchange, send and receive cryptocurrencies on the Coinbase Pro and Coinbase.com platforms. However, it is still unknown at this point when Coinbase plans to launch fiat gateways on the new markets. The accession of new territories to the Coinbase coverage zone marked the return of to the policy of active expansion, which the exchange pursued in 2017 and 2018.

Argentina Central Bank’s Inability To Stop Inflation Is Forcing People To Bitcoin (Bitcoinist)

Argentina's economy is experiencing the highest inflation rate since 1992. Despite the continued tightening of monetary policy by the central bank, its growth continues. The unstable economic situation, along with the depreciation of the peso, makes many investors and traders focus on bitcoin. Due to this, trading volumes of the main cryptocurrency reached previously unprecedented, record values ​​in Argentina. Bitcoin's resilience to inflation makes it especially attractive not only for investors. but for the government as well. Many experts, both inside and outside the country, strongly recommend Bitcoin as an alternative to an unstable national currency. Now, these statements no longer look so fantastic, because the Bitcoin ATM for Argentina is no longer a rarity, and 37 cities of this Latin American state actively use Bitcoin as a means of payment for the public transport.

US Crypto Enthusiasts Should Vote for Andrew Yang in 2020, and Here’s Why (Coinspeaker)

Andrew YANG, the US presidential candidate from the Democratic Party, is currently the only participant of the election race, whose plans include the development of comprehensive rules for cryptocurrency regulation. Yang believes that the government has no right to ignore digital assets that have already become a key element in many sectors of the economy. The candidate also notes that cryptocurrency markets are developing much faster than legislative norms, which often leads to conflicting situations. Current measures taken by regulators in relation to cryptocurrencies are insufficient and are often not completely clear to market participants. Also, there is no clear legal definition of such a thing as a “token” so far in the US. Yang is convinced that the introduction of clear principles for regulating digital assets will encourage businesses and individuals to invest in the industry safely, which will significantly commit to the development of innovations in the country.

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