Venezuela’s Petro Cryptocurrency Makes Its Way to Six Unknown Exchanges

There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything. Despite the overwhelming controversy, the Petro will commence trading on six cryptocurrency exchanges moving forward. Another Dubious Petro-related Development Ever since President Maduro created the Petro … Read more

Reverse Initial Coin Offerings Can Remove Scams From the Industry

The world of initial coin offerings is bound to undergo some major changes moving forward. More specifically, it would appear developers contemplate creating a token standard for reversible initial coin offerings. Fabian Vogelsteller has proposed this new concept, though it remains to be seen what the future will hold in this particular department. Reversible ICOs … Read more

EOS21 Protocol Bridges the Gap to Ethereum’s ERC20 Tokens

The future of cryptocurrency will heavily hinge on interoperability between different blockchains. Atomic swaps will pave the way for broader adoption, as will decentralized exchanges. The EOS21 Protocol bridges the gap between EOS and ERC20 tokens. It is another big step forward, assuming this protocol can deliver the expected goods. The EOS21 Protocol Concept Although … Read more

Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into … Read more

After Exit Scamming, Oyster Creator Proclaims Cryptocurrency is a Ponzi

Less than two months from today, NASDAQ and Bakkt are slated to launch their cryptocurrency trading tools to institutional investors. At the same time, major projects continue to exit scam and defraud their communities. It’s just another day in crypto. On October 29, creator of the Oyster (PRL) project exploited a vulnerability in the token’s … Read more

South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized cryptocurrency funds. In particular, one crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund. Also read: Yahoo! Japan Confirms Entrance Into … Read more

Russia’s Financial Watchdog to Oversee the Cryptocurrency Industry

Russia’s Federal Financial Monitoring Service has revealed that it will regulate cryptocurrency-related transactions in the country, with a senior official saying that the agency will also oversee the broader cryptocurrency industry, in accordance with recommendations issued by the Financial Action Task Force (FATF). Also read: Ukraine Plans to Fully Legalize Cryptocurrencies Within Three Years Rosfinmonitoring … Read more

Bitstamp Confirms Acquisition by South Korean Company

Bitstamp has confirmed that it has been acquired by a European subsidiary of a South Korean corporation. Nejc Kodrič will remain the CEO of the exchange. The Korean group also owns gaming giant Nexon and Korbit, the country’s fourth largest crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Bitstamp Acquired The oldest … Read more

EOS-Forum Is a Viable Decentralized Reddit Competitor

Utilizing blockchain technology can be done in many different ways. This technology has the potential to store tremendous amounts of data, yet retrieving the information is a challenge. EOS-Forum shows it is not necessarily difficult to achieve, as this platform has many advantages. The EOS-Forum Concept Unlike what the name might suggest, EOS-forum has nothing … Read more

Japanese Regulator: Stablecoins Are Not Cryptocurrencies Under Current Law

Japan’s top financial regulator, the Financial Services Agency, has exclusively explained to news.Bitcoin.com how stablecoins are treated under current Japanese law. In addition to emphasizing that they are not virtual currencies, the regulator clarified the registration requirements for their issuers and dealers. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Not Virtual Currencies Japan’s … Read more

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