Tag Archives: xpd

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 […]

Roundup – 21/09/2018 – Maduro reorganizes economy around XPD, AUD-alternative to Tether

Maduro reorganizes Venezuelan economy around the PetroDollar Maduro started to structure Venezuela’s economy around the PetroDollar (XPD). It is the first cryptocurrency that backs fiat money as the Bolivar is now pegged to XPD.  In addition to that, Maduro also ordered Venezuelan Banks to adopt PetroDollar as an accounting unit. He even decreed that companies […]

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 […]

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 […]