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The advisors of the Venezuelan government have recommended that the country’s oil-backed cryptocurrency, the petro, be sold in private placements at a discount of up to 60 percent. 38.4 million petros, with a face value of around $2.3 billion, could go on sale starting on February 15. Also read: South Korea Urges 23 Countries, EU, and … Read more
The market cap of cryptocurrencies, the world’s fastest growing asset class, has surpassed $677 billion. And bitcoin itself has surged past the payment processing company Paypal and the fast food company McDonald’s. Still, it looks tiny compared to other global markets. Also Read: Chinese Bitcoin Mining Giant Bitmain Establishes Branch in Zug, Switzerland The site The … Read more
Bitcoin was created as a payment system, but fails to become one. Arthur Iinuma discusses the future of still the main cryptocurrency #EXPERT BLOG Go to Source Powered by WPeMatico
Since Bitcoin made the bold step towards being digital gold it would seem that it may have inadvertently also sunk its dominance in the cryptomarket. #ANALYSIS Go to Source Powered by WPeMatico
The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, … Read more
Money Metals Exchange Now Transacts in Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and More… National precious metals dealer Money Metals Exchange today announced expanded services for customers engaging in precious metals transactions and wishing to make or receive payment in any of several crypto-currencies. The post PR: Money Metals Exchange – Investors Can Now Buy … Read more
Venezuela’s president Nicolas Maduro has advanced the creation of the country’s national cryptocurrency, the Petro. He believes it will take off and solve the country’s economic problems next year, but experts are concerned with corruption. Moody’s credit rating agency, for example, says market participants would have no confidence in Maduro’s government to manage it. Also … Read more
