Bookmarking Crypto Insights
Auto Added by WPeMatico
State news agency Telesur reports Venezuela president Nicolás Maduro has announced formation of a youth bank funded by the country’s recently launched cryptocurrency, the Petro. Mr. Maduro also took the opportunity to urge countrymen to continue mining its state-backed digital money, including creation of mining farms. Also read: Only 1% of Business CIOs are Actually … Read more
It’s an easy comparison to make: Bitcoin mining versus gold and oil extraction. All – in the abstract sense for bitcoin – involve unearthing resources, all have had bumpy price histories, and all have been labeled as disruptive in their time. Also read: Crypto Exchanges Charging Up To $3 Million To List Tokens Gold vs … Read more
Venezuela’s president Nicolas Maduro has authorized all savings banks in the country to mine and use the recently launched national cryptocurrency, the petro. Union leaders are outraged by the suggestion, calling the petro a scam, accusing Maduro of abusing his power, and declaring the idea unconstitutional. Also read: Indians Look to Buy Bitcoin Overseas as Regulations … Read more
What is the economic nature and implications of Petro, the world’s first government-issued cryptocurrency? #ANALYSIS Go to Source Powered by WPeMatico
S&P Global Platts brings the ‘first’ Blockchain solution in the energy industry by deploying a DLT network in its system for oil storage data reporting. #NEWS Go to Source Powered by WPeMatico
One of the most notable projects in the Internet trading sector with a daily turnover of USD 5 trillion – Serenity – kicks off its main ICO round. Speaking about this notable event based on a revolutionary idea, big team, the event which is supported by many brokerage companies and financial industry experts, we should … Read more
Venezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for … Read more
Washington and legacy media are in a tizzy about Venezuela reportedly thwarting international sanctions by way of a dreaded state-backed cryptocurrency. A closer look reveals several stumbling blocks for the Bolivarian Republic: nonexistent reserves, hyperinflation, centralization, and the impossibility of actual redemption. The attempt will fail, if it’s ever rolled out, adding woes to a region … Read more
Despite the warnings of the Israeli regulator that it won’t tolerate bitcoin to get somehow backdoor listed on the Tel Aviv Stock Exchange, public companies keep pivoting into the field. The latest example is a firm that focused on oil refineries until now. All of a sudden it announced plans to sell bitcoin ATMs to casinos … Read more
Venezuela’s Petro cryptocurrency is a “fraud” and “tailor-made for corruption,” its parliament has said. #NEWS Go to Source Powered by WPeMatico