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Venezuela"s oil-backed petro is an imaginary currency

Reuters/Miraflores Palace/Handout Maduro tried to roll out a digital alternative to the bolivar earlier.....»»

Category: topSource: businessinsiderSep 4th, 2018

Venezuela to Present Petro at OPEC as the "Digital Currency for Oil"

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro......»»

Category: forexSource: coindeskNov 10th, 2018

Boston Fed president Eric Rosengren says more research is needed before the US launches a central bank digital currency

While the central bank acknowledges the advantages of CBDCs, the Fed's Eric Rosengren.....»»

Category: personnelSource: nytMay 12th, 2021

Mark Cuban Joins Elon Musk In Defending Dogecoin"s "Infinite Supply," Says Gives Advantage Over Bitcoin, Ethereum

Dallas Mavericks owner Mark Cuban said on Wednesday that Dogecoin’s (DOGE) inflation does not diminish it but rather establishes its utility as a digital currency. read more.....»»

Category: blogSource: benzingaApr 28th, 2021

Key Words: Billionaire Paul Tudor Jones: ‘My bet is it will be bitcoin’ as the best inflation hedge

Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019, now he’s saying that bitcoin futures, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against inflation......»»

Category: topSource: marketwatchMay 7th, 2020

Key Words: Hedge-fund boss who called the ’87 crash and made timely call on gold now says: ‘If I am forced to forecast, my bet is it will be bitcoin’ as the best inflation hedge

Billionaire investor Paul Tudor Jones made a prescient call on bullion in 2019, now he’s saying that bitcoin futures, the controversial digital currency, reminds him of gold in the 1970s, and may be the best hedge against inflation......»»

Category: topSource: marketwatchMay 7th, 2020

Why ‘Crypto Dad’ Is Building the Digital Dollar Foundation

With the proverbial digital currency barbarians at the gate, ex-CFTC chair Christopher Giancarlo launches a digital dollar initiative......»»

Category: forexSource: coindeskJan 16th, 2020

Facebook Officially Launches Libra, Its Digital Currency

Facebook has faced criticism since i.....»»

Category: topSource: timeOct 14th, 2019

Facebook launches cryptocurrency Libra coin, stock jumps

Facebook Inc. said Tuesday it will roll out its highly anticipated digital currency next year, intended to be used to make payments over the internet as well as on its social-media platform......»»

Category: topSource: marketwatchJun 18th, 2019

N.Y. Attorney General launches inquiry into cryptoexchanges

New York Attorney General Eric Schneiderman on Tuesday said his office is investigating the practices of digital-currency exchanges that facilitate trading in assets like bi.....»»

Category: topSource: marketwatchApr 17th, 2018

News digest: RBI removes FPI time bar, Modi-Xi meet, job data and more

Venezuela has offered India a 30 per cent discount on crude oil purchases. The discount, however, will be applicable only if India uses the country's new blockchain technology-based currency Petro.....»»

Category: topSource: business-standardApr 28th, 2018

Venezuela Offers India 30% Discount On Oil...If It Pays In Crypto

Authored by Tsvetana Paraskova via OilPrice.com, Venezuela has offered India a 30-percent discount on crude oil purchases, but only if India agrees to pay in El Petro, the cryptocurrency that Venezuela is touting as the first national digital cu.....»»

Category: blogSource: zerohedgeMay 2nd, 2018

USA are Not the World’s Crypto-Currency Regulator

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank. According to Associated Press, Russia’s Evrofinance Mosnarbank has become th.....»»

Category: topSource: livetradingnewsMay 16th, 2018

Venezuela"s inflation hits more than 40,000% as investors dump its currency "like a hot potato"

REUTERS/Marco Bello Inf.....»»

Category: topSource: businessinsiderJun 30th, 2018

Venezuela"s New Petro-Backed National Currency To Start Circulating In August

Authored by Helen Partz via CoinTelegraph.com, The president of Venezuela Nicolás Maduro has announced that the country’s new cryptocurrency-backed national currency will start circulating August 20, local state news agency Telesur report.....»»

Category: blogSource: zerohedgeJul 26th, 2018

Venezuela to remove five zeroes from ailing currency

Venezuela will remove five zeroes from the bolivar currency, President Nicolas Maduro says, in an effort to keep up with inflation projected to reach 1 million percent this year. Laura Frykberg reports......»»

Category: videoSource: reutersJul 27th, 2018

Venezuela"s economic crisis is so bad that some women say they"re turning to sex work to survive

Sky News Venezuela is suffering with currency inflation, power cuts, earthquakes, and food shortages. This is forcing many Venezuelan women to take up sex work in neighbouring Colombia. A.....»»

Category: topSource: businessinsiderAug 24th, 2018

PBoC"s Digital Currency Lab Launches New Research Center Outside of Beijing

The Digital Currency Research Lab within China's central bank is expanding to Nanjing to enable wider deployment of blockchain and other fintech. .....»»

Category: forexSource: coindeskSep 5th, 2018

PBoC"s Digital Currency Lab Launches New Research Center

The Digital Currency Research Lab within China's central bank is expanding to Nanjing to enable wider deployment of blockchain and other fintech. .....»»

Category: forexSource: coindeskSep 5th, 2018

Inflation is already 100% for Venezuela"s 3-week-old currency

It’s just been a few weeks since the rollout of Venezuela’s new money, and inflation in this new monetary era is already 100 percent......»»

Category: topSource: moneycentralSep 13th, 2018