493 BTC were traded in Venezuela using LocalBitcoin (down from 544) last week, buying BTC with FIAT and selling BTC for FIAT (Bolivares, Venezuelan official currency). 544 BTC were 999,452,000,000 Bs. (Bolivares). One BTC is around 2,180,000,000 Bs. Monthly minimum wage is less than 5 USD

Just wanted to update the numbers, two weeks ago we were under 400 BTC first time in a long time. This week the volume recovered, so we are still at around 2,000 BTC monthly.

This is only measured using LocalBitcoin, there are other exchanges like AIRTM, Uphold, Binance and so on, but no open data as far as I know. Most of the Localbitcoin trades are in Bolivares.

I recommend reading this website, it is one of the best english websites for Venezuela news (they sometimes touch the crypto and economic situation).

https://www.caracaschronicles.com/

Last week by a serious NGO released a survey (it is called Encovi) they concluded the average income of the Venezuela is 0.72 USD daily. I think that is true, around 20-30 USD per month.

https://www.caracaschronicles.com/2020/07/08/yes-venezuela-is-now-the-poorest-country-in-the-americas/

Any question let me know, AMA. But check my links and sources first.

Sources:

https://orinocotribune.com/comprehensive-minimum-wage-increase-by-78-in-venezuela/

https://www.npr.org/sections/goatsandsoda/2019/09/06/757822363/a-doctor-or-nurse-might-earn-6-a-month-in-venezuela-if-theyre-lucky

https://coin.dance/volume/localbitcoins/VES/BTC

LBTC listings https://localbitcoins.com/buy-bitcoins-online/ves/

submitted by /u/WorkingLime
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"Bitcoin over Tor isn't a good idea"

I came across an academic paper from January 2015 titled "Bitcoin over Tor isn't a good idea" authored by Alex Biryukov and Ivan Pustogarov. Since Bitcoin Core has native Tor support and The Tor Project itself has made massive improvements in the internal protocol itself, are such risks still relevant?

submitted by /u/HappyDadOfFourJesus
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Once upon a time, I paid 2 BTC for a Trezor One First Edition...

I could have had $18,000 instead of a Trezor with a dead screen. The screen just slowly died. First, it began to fade. That was about 6 months ago. Now it's all dead. No worries. I didn't have any funds on it. (Funnily enough, I never trusted hardware wallets anyway. Felt weird. Instead, I preferred to rely on paper wallet backups from regular digital wallets & kept backups of the wallet file in several locations, including USB sticks.) Anyway. Just a reminder to the crowd. Be careful what you invest in. I could have at least a Lambo door or something, now all I've got is another piece of junk with a dead screen. P.S. If someone is nostalgic about this sort of thing, I'm willing to auction it off to the highest bidder. As long as it covers shipping, I'll send it to anywhere in the world. Just leave a comment and I'll get in touch via private message. My Dead Trezor One First Edition submitted by /u/nu_reddit [link] [comments]

Canada’s Wealthsimple Launches Bitcoin Trading Platform

submitted by /u/KayleighSosnowski [link] [comments]

Crypcore is a collateralized Crypto Asset

Crypcore is a collateralized Crypto Asset. Crypcore divides the Exchange revenues between the exchange and the coin and adding this to the collateral so that holders of Crypcore can increase the value of their collateral and profit. The collateral will be Bitcoin, Ethereum, Litecoin and Monero. The project strive to ensure price stability in the crypto space by combining crypto-digital assets. Crypcore is open source and forked from Monero. Developers can contribute.

https://crypcore.com/

submitted by /u/natka5
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source https://www.reddit.com/r/btc/comments/hsrd8f/crypcore_is_a_collateralized_crypto_asset/

At least we are moving again

All news is good news.

Yes it's another btc scam... But at least people see the word bitcoin after a while.

Yes we dropped in price... But at least we are having some volatility after a while

Edit: NVM bulls don't give up

submitted by /u/termomet22
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What are some of your best tips and tricks to keep BTC purchases organized for future sales... excel spreadsheets, word documents, handwritten and stored in a filing cabinet, etc.?

Some people buy small quantity of BTC with each bi-weekly paycheck to hold... or sell months later. Some day trade.

Wether a person is required to pay a short term or long term capital gains tax, it is extremely necessary to stay organized and to keep track of what amounts were purchased and when they were purchased.

So... what are some of your best tips and tricks to keep BTC purchases organized for future sales... excel spreadsheets, word documents, handwritten and stored in a filing cabinet, hot & cold wallets, etc.?

submitted by /u/OpossumFeet
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