Tag Archives: Venezuela

Roundup – 13/11/2018 – Venezuela Promotes Petro to OPEC Countries as a Unit of Account & more

Venezuela Promotes Petro to OPEC Countries as a Unit of Account Manuel Quevedo, Venezuela’s petroleum minister, stated that the Petro is part of Venezuela’s program of economic recovery. He further made some confusing statements about the future of Petro in the OPEC states saying that “[w]e will use Petro in OPEC as a solid and […]

Roundup – 11/10/2018 – First 32 MB Blocks, SEC Files Charges against Decentralized Exchange for the First Time & more

First ever 32 MB blocks on the BCH chain Miners have processed the first ever 32 MB blocks on the BCH blockchain yesterday. The block has confirmed successfully more than 166,000 transactions. A few hours later the next four 32 MB blocks were mined. The community celebrated the block creation. Two of these ‘mega blocks’ […]

Roundup – 06/11/2018 – Unknown Token Makes up Large Part of Gas Activity on Ethereum Blockchain

Unknown Token Makes up Large Part of Gas Activity on Ethereum Blockchain An unknown token is responsible for driving up the gas price on the Ethereum network. The token is called Omniscience Dedication Financial. The holder address sends out various amounts of ODF to addresses. According to the Gas monitoring website ETHgasstation.info, The token accounts […]

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: 20/08/2018 – Blockchain law society founded in Seoul, Bitoasis collaborates with supraregional regulators, Venezuela declares XPD official currency

Official Blockchain law society founded in Seoul Judges and law experts in South Korea are forming an association to discuss blockchain, cryptocurrencies surrounding laws and legal issues. They will have their founding meeting on the 24th of August. The association will be open to the public. The first meeting will take place in the Seoul […]

PetroDollar World’s first state-owned Cryptocurrency – good or bad News?

Venezuela launched its own cryptocurrency back in December 2017. But so far it seems, it has only been in its test phase. As only from today on (20th August) the Venezuelan state declared that the Petro is its official currency.  It will coexist with Venezuela’s fiat currency, the Bolivar. But what does that mean for […]

Roundup 17/08/2018 – Petro official currency, UK crack down on crypto, Huobi 5 new partner exchanges

While the socialist rogue state of Venezuela clutches to a straw and adopts crypto, the UK is cracking down on cryptocurrency owners. A proof of being a rogue state itself? Meanwhile, the Chinese exchange Huobi helps its partners in five countries to launch their own exchange with Huobi cloud. Petro becomes official currency in Venezuela […]

Daily Roundup 14th August 2018 – Control Bitcoin or Ban it?

Saudi Arabia officials condemned crypto – but it’s not yet banned Many blogs in the crypto space are currently spreading the rumor that the Saudi Arabian government has banned trading cryptocurrencies. However, that is not true and an exaggeration by different news sites, blogs etc. copying each other without further research. The official statement of […]

Venezuela To Become The First Country With A Central Bank For Crypto

It has been revealed that the Venezuelan National Assembly is planning to create a central bank of Cryptocurrencies. A member of parliament told Reuters that the house will reform the constitution to allow for the creation of the bank. When the central bank is set up, Venezuela will become the first country to have such […]

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 […]
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