Category: Cryptocurrency

A New Bitcoin World

Venezuela Approves Law Granting Legal Effect to the Petro

Venezuela Approves Law Giving Legal Effect to the PetroA government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. Also read: Nigeria’s Opposition Leader Promises Cryptocurrency Policy If Elected President ‘Breaking Financial and […]

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November 24, 2018 0

Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax […]

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November 15, 2018 0

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This YearThe Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Special Period’ Venezuela’s president, Nicolas Maduro, visited […]

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November 13, 2018 0

Iran Completes Development of Rial-Supported National Cryptocurrency

Iran Completes Development of Rial-Supported National CryptocurrencyIran has finalized the development of its national cryptocurrency, which is backed by the local fiat unit, the rial. Once the Central Bank of Iran (CBI) approves its use, the yet-to-be-named digital currency will then be issued to banking institutions for testing in payments, internal and interbank settlements according to local media reports. Also Read: Bahamas […]

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November 11, 2018 0

‘Asia’s Amazon’ Starts Using Bithumb’s Payment Service for Cryptocurrency Users

'Asia’s Amazon' Starts Using Bithumb's Payment Service for Cryptocurrency UsersOne of South Korea’s largest cryptocurrency exchanges, Bithumb, has begun providing a cryptocurrency payment service to a major online marketplace it refers to as “Asia’s Amazon.” Korean users can use their cryptocurrencies held at the exchange to pay for purchases on Qoo10 using this service. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Qoo10 […]

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November 10, 2018 0

Beyond Government: Embracing Self-Governance and Rejecting Mainstream Erotica

Beyond Government: Embracing Self-Governance and Rejecting Mainstream EroticaThere are many new entrants in the crypto ecosystem yearning for regulations and praising government. More folks with these notions emerge regularly. They believe regulatory oversight is necessary to provide crypto with a sense of “respectability.” Also read: Latest Release of Badger Wallet Supports SLP and Wormhole Tokens For these individuals, political involvement in crypto is […]

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November 9, 2018 0

Texas Takes Action Against Crypto Company Promising 200% Profit

Texas Takes Action Against Cryptocurrency Mining Company Promising 200 Percent ProfitThe Texas State Securities Board has issued an emergency cease and desist order to an Australia-based cryptocurrency mining company and its affiliates. According to the order, the company represents that investments in its mining contracts are “guaranteed to 200% profit.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Cease and Desist Order The Texas State […]

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November 8, 2018 0

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development OptionsParaguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]

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November 6, 2018 0

Venezuela’s Supreme Court Orders Payment in National Cryptocurrency

Venezuela's Supreme Court Orders Payment in National CryptocurrencyVenezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela’s Supreme Court Recognizes Petro The […]

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November 6, 2018 0

Turkish Police Detain 11 Suspects in Bitcoin Theft Case

Turkish Police Detain 11 Suspects in Bitcoin Theft CaseThe cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.   Also read: Church Mining Cryptocurrency to Pay Higher Electricity Rates               Hackers Steal $80,000 Worth of […]

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November 4, 2018 0