{"id":19899,"date":"2019-06-22T14:00:00","date_gmt":"2019-06-22T14:00:00","guid":{"rendered":"http:\/\/ci027cfe76700426c3"},"modified":"2025-01-27T21:47:43","modified_gmt":"2025-01-27T21:47:43","slug":"bitcoin-magazines-week-in-review","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/bitcoin-magazines-week-in-review","title":{"rendered":"Bitcoin Magazine\u2019s Week in Review – June 22nd, 2019"},"content":{"rendered":"
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Bitcoin Magazine<\/em>\u2019s Week in Review brings you the most critical, interesting and popular news affecting Bitcoin this week.<\/p>\n

Adoption & Community<\/h3>\n

Crypto Point-of-Sale Service Provides Relief to Venezuelan Refugees<\/strong><\/a><\/p>\n

Good news this week for crypto users migrating from Venezuela to Colombia. The Panda Group, operators of Panda Exchange, announced a new service to alleviate some issues that Venezuelan refugees may encounter when passing across the border to Colombia. <\/p>\n

Refugees can now use cryptocurrencies to make purchases at a point-of-sale (POS) shop on the border. Visitors are able to purchase a variety of goods using cryptocurrencies and can even purchase bitcoin at the store. Bitcoin functions as a practical means of payment for many Venezuelans due to the national currency experiencing dramatic inflation. <\/p>\n

From the Dark Web<\/h3>\n

Following Wave of Shutdowns, Remaining Darknet Markets Fill the Void (Again)<\/strong><\/a><\/p>\n

Major darknet markets have experienced shutdowns after law enforcement officials cracked down yet again on online drug bazaars. As usual, a new generation of low-tier markets are filling the void left behind by fallen competitors. It\u2019s a cycle that repeats itself every couple of years because consumers want the convenience of purchasing drugs from home. <\/p>\n

Specialized resources counter criminal activity on the darknet, along with broadscale cooperation between law enforcement agencies across different jurisdictions. Nevertheless, darknet markets are quickly shrugging off law enforcement actions and migrating to their next best options. Because of this, agencies have been working to reduce the growth of these markets by creating distrust between users and vendors, but there is yet to be a significant result. <\/p>\n

Digital Assets<\/h3>\n

Facebook\u2019s Libra Is Here. But It Might Not Be What You Think.<\/strong><\/a><\/p>\n

The crypto community buzzed all week about the introduction of Libra, self-billed as a \u201csimple global currency and financial infrastructure that empowers billions of people.\u201d It\u2019s a new digital currency created by Facebook, hijacking Bitcoin\u2019s narrative as an open and global monetary system \u2014 without actually resembling Bitcoin in function, structure or decentralization. <\/p>\n

Additional reading:<\/p>\n