Tag Archives: petro

US Senators Want More Stringent Sanctions Imposed On The Petro

A group of senators in the United States want more sanctions to be applied to the Petro which is Venezuela’s digital token backed by the Venezuelan government. Contents Of The Proposed Bill The bill which proposes the sanctions was first introduced on the 24th of September, has been brought to the floor of the house […]

Roundup 08/10/2018 – Zaif delays $60mn hack compensation & more

Zaif delays customer reimbursement for $60mn hack The management of the Japanese exchange Zaif announced that compensation plans will delay for Zaif. The exchange was hacked mid-September. Zaif’s servers noted an unauthorized access on 14th September. The exchange announced a week later that about $60 million USD in BTC, BCH and MONA were lost. Zaif […]

Roundup 03/10/18 – 1broker shutdown by FBI & more

 Binance takes advantage of China’s crypto crackdown Binance, one of the largest cryptocurrency exchange pd latforms in the world is benefiting from China cryptocurrency crackdown. As noted by SCMP, Zhao Changpeng, the founder is using regulatory arbitrage to make sure that Binance becomes the largest cryptocurrency exchange platform in the world. Read more. Venezuela releases […]

Venezuela and Iran – Why it is good that Rogue States adopt Crypto

Venezuela launched its own cryptocurrency last year. Now Iran is following. The middle-eastern country is reacting to US sanctions that will be enforced from the 6th of August on. To avoid the sanctions, Iran relies on cryptocurrencies. While Iranians buy into Bitcoin & Co. to avoid losing money through the plummeting Rial, the Iranian state […]