Tag Archive: state crypto

  • US Treasury Warns Investors: Venezuela's Petro Could Violate Sanctions Altcoin News, Blockchain Technology, Emerging Markets, Ethereum, Mining, News, News teaser

    US Treasury Warns Investors: Venezuela’s Petro Could Violate Sanctions

    The US Treasury Department has cautioned investors that Venezuela’s Petro could be in violation of Washington-imposed financial sanctions. In December last year, Venezuelan president Nicolás Maduro announced that his government would be creating a digital currency, the Petro. In a country that is rapidly spiraling into a financial abyss, Maduro sees the state-controlled cryptocurrency as a sanction workaround and subsequently, a way to improve the country’s deep economic problems. During his annual message on the

    · January 18, 2018 · 1:00 am
  • Ukraine Is Creating Official Group for Cryptocurrency Regulation Altcoin News, Legislation, News, News teaser

    Ukraine Is Creating Official Group for Cryptocurrency Regulation

    The Ukranian government is planning to form a group that will oversee regulatory measures for cryptocurrencies and cryptocurrency exchanges. Regulating Cryptocurrencies As cryptocurrencies are becoming more popular and widespread, many governments worldwide are introducing regulatory frameworks for digital currencies and exchanges. In 2017 the whole cryptocurrency market experienced an explosive growth rate which drew a lot of attention from governments and financial institutions. According to a recent statement by the National Security and Defense Council of

    · January 14, 2018 · 11:30 pm
  • Altcoin News, Bitcoin, Bitcoin Regulation, Blockchain Technology, FinTech, News, News teaser

    Singapore Won’t Be Part of the State-controlled Crypto Movement

    Even though many countries are interested in, and indeed are pursuing, the creation of national state-run virtual currencies, Singapore isn’t one of them. The digital currency revolution is here, and it’s not just reserved for Bitcoin and other decentralized cryptocurrencies. More and more countries are exploring the benefits of having a cashless society. Sweden has previously voiced their desire to investigate the development of an e-krona, Israel is looking into creating a digital shekel, while

    · January 12, 2018 · 9:00 pm
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    Venezuela’s Parliament: Maduro’s Petro Cryptocurrency ‘Illegal’

    Venezuela’s president may have to put his Petro plans on hold as the country’s opposition party has outlawed the proposed state-controlled crypto. As decentralized cryptocurrencies continue to shine and grow in interest, certain governments are becoming aware of the benefits that virtual currencies have. Countries like Russia and Venezuela are reportedly aiming to introduce their own state-controlled cryptos soon, with latter seeming to make great progress in doing just that. In a bid to fight

    · January 10, 2018 · 11:30 pm
  • Cryptocurrencies: Death by Regulation Strangulation Altcoins, Bitcoin, Bitcoin Price, Bitcoin Regulation, Blockchain Technology, News, News teaser

    Cryptocurrencies: Death by Regulation Strangulation

    A few Harvard professors feel that Bitcoin, and other cryptocurrencies, will soon be a thing of the past as regulation efforts increase. With Bitcoin reaching $20k on some exchanges in December 2017, it’s hard to believe that it ever traded at laughable amounts like $5 in the years following its creation. Now there may not be a time machine on hand to take us back to purchase bitcoins at a cheaper price, but according to

    · January 9, 2018 · 4:30 am
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    Bank Of England: We’re ‘Not Planning’ To Issue A UK State Cryptocurrency

    The UK’s central bank, the Bank of England (BoE), has confirmed it is “not planning” to adopt a state-sponsored cryptocurrency. Understanding ‘Implications’ In new updates to its official position on the cryptocurrency phenomenon last week, the BoE instead announced it was favoring research into the concept in order to understand its “implications.” An increasingly active presence in Blockchain, the BoE has already produced a fintech accelerator scheme which will additionally inform its ongoing research in the

    · January 8, 2018 · 1:00 pm
  • US Treasury Warns Investors: Venezuela's Petro Could Violate Sanctions Altcoins, Emerging Markets, Mining, News, News teaser

    Venezuela Petro Cryptocurrency ‘Will be Worth $5.9B’ Says Maduro

    Crisis-hit Venezuela will issue its own oil-backed cryptocurrency, Petro, with an implied value of $5.9 billion as its economy continues to decay. 100 Million Petros ‘Ordered’ At $59 A Piece In what appears to be a last-ditch attempt to circumvent US sanctions and keep cash flowing into the country, President Nicolas Maduro announced 100 million units of its Petro cryptocurrency would enter the market. The announcement, according to Reuters, came during the President’s appearance on

    · January 6, 2018 · 11:45 am
  • Estonia Is One Step Closer to Creating a Digital Nation Blockchain Technology, Ethereum, News, News teaser

    Estonia Is One Step Closer to Creating a Digital Nation

    Estonia is well on its way to realizing its dream of building a global nation supported by its e-Residency program and its own cryptocurrency. Digital currencies have definitely taken 2017 by storm. Massive price increases, mainstream adoption and just an overall interest in the benefits of blockchain technology have been some of the key highlights of this year. It’s not just investors hoping to capitalize on these benefits though, governments can also see the advantages

    · December 30, 2017 · 2:00 am
  • Crude Oil to Support Venezuela’s Petro Cryptocurrency Altcoin News, Mining, News, News teaser

    Crude Oil to Support Venezuela’s Petro Cryptocurrency

    Venezuela’s first state-run cryptocurrency will be backed by three of the country’s major natural resources. Venezuela previously announced their intention to step into the crypto spotlight by creating their own digital currency, the Petro. The country’s president, Nicolás Maduro, noted that the creation of the state-controlled crypto is a way to “innovate toward new forms of international finance for the economic and social development of the country.” Sidestepping Those Sanctions It could also be due to

    · December 28, 2017 · 2:00 pm
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    ‘Crypto-Shekel’ May Be in the Cards for Israeli Lawmakers

    Three government officials in Israel’s Ministry of Finance have confirmed they are considering issuing a state-sponsored cryptocurrency, the Shekel, to reduce the number of cash transactions within the middle eastern country. The Push for a Regulated Digital Currency The Bank of Israel is looking into the possibility of a state-sponsored digital currency, according to a few government officials that agreed to comment with the requirement of anonymity. The aim with this initiative is to reduce

    · December 24, 2017 · 9:45 pm
  • Altcoin News, Altcoins, News, News teaser

    Stablecoins to Rule Them All

    Trading cryptocurrencies can be a wild ride, and it is definitely not for the faint-hearted. There is no regulation, no protection, and no safety net, but for many, this is the appeal. However, what if there was a coin that had the best of both worlds: some stability and regulation but all of the technical advantages of the blockchain network? The concept of a stablecoin is one that has real world value in either fiat

    · December 18, 2017 · 9:00 am