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Tag Archives: petro

Venezuela Petro Cryptocurrency to Be Used For Oil Purchases

Venezuela Petro cryptocurrency has gained massive traction not only in the country but also across the globe. The country is optimistic that the digital currency will resolve inflation. President Maduro yesterday announced that the country will stop using U.S dollar and start using Petro token for all oil related purchases. Petro Cryptocurrency to Be Used […]
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Roundup – 08/12/2018 -Europe’s First ICO Financed Crypto Asset Manager Licensed in France & more

Europe’s First ICO Financed Crypto Asset Manager Licensed in France A French company with the name the Napoleon Group has become the first ICO financed crypto management firm with an official license in Europe. Even more remarkable about it is that the company is not situated in Estonia or other Eastern European states that have […]
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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 […]
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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’ […]
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Venezuela Supreme Court Orders Compensation to be paid in National Cryptocurrency-coinrevolution

Venezuela Supreme Court Recognize Petro Cryptocurrency as a Legal Tender

Venezuela Supreme Court has ordered compensation in a workplace injury case to be done using petro cryptocurrency. Since its introduction in the country, Petro has gained a massive traction with more Venezuelans preferring using it instead of the fiat currency that is current lowly priced. Local newspapers and media houses on Friday also reported that […]
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Roundup – 19/10/2018 – Did Tron mislead its users regarding Baidu partnership? & more

Did Tron mislead its users and investors by claiming partnership with Baidu? Yesterday, Tron announced that it scored a partnership with Baidu. Justin Sun, the founder of Tron announced beforehand that Tron has ‘finally’ a partnership with an industry giant. However, it turned out that Tron is just using and buying services of Baidu. Apparently, […]
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politics

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 […]
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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 […]
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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 […]
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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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