Russia May Regulate Cryptocurrencies & Issue Oil-Backed Coin

The Russian government has long sent mixed signals over blockchain use and cryptocurrency adoption, yet a number of signs point to substantial moves toward state regulation over the course of the next few weeks. Although it is highly unlikely that Russia will soon recognize crypto as legal tender, there is no doubt that its leaders…

March 5, 20190Comments

ByTrevor Smith

Altcoins Bitcoin

States Continue to Explore issuing National Cryptocurrencies With Mixed Results

As cryptocurrency adoption and blockchain development grows, states across the globe continue to explore the idea of issuing 'national cryptocurrencies.' This concept is fiercely debated, with various nations taking different approaches to the subject. The results are an emerging patchwork of various policies and projects, which serves to demonstrate the tremendous challenge central banks are…

November 12, 20180Comments

ByTrevor Smith

Altcoins Bitcoin Ethereum

South American Crypto Growth Significant and Diverse

Cryptocurrency’s global growth has been substantial over the course of this year, and nowhere has interest been stronger than in the developing world. Blockchain advocates have long asserted that the technology will bring the most benefits to the poor and working classes, as it frees individuals from reliance on corrupt financial institutions and poorly managed…

October 3, 20180Comments

ByTrevor Smith

News Opinion Technology

Forbes Reports on Iran to Release National Cryptocurrency Before the End of 2018

Yaya Fanusie, a Forbes contributor recently published an article detailing Iran's intention to evade U.S. sanctions. The main goal is to create a blockchain-based solution for the banking sector in the country, in response to reactivated sanctions following Iran's nuclear development cessation agreement. The situation is similar to what was happening in Venezuela, a country…

August 24, 20180Comments

ByZoran Spirkovski

Bitcoin News

Rogue Nations Increasingly Using Cryptocurrencies to Avoid Sanctions

Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…

July 27, 20180Comments

ByTrevor Smith

Altcoins Bitcoin

Venezuela’s Petroleum-Backed Crypto Due To Launch Within Days

The Venezuelan government will soon launch an official cryptocurrency, according to Venezuelan President Nicolas Maduro. The crypto, to be named the Petro, will be backed by the nation’s natural resources, which include its estimated 5.3 billion barrel oil reserves as well as significant gold, diamond, and other mineral deposits. Many details of the Petro, such…

January 4, 20180Comments

ByTrevor Smith

News

Venezuela Reveals Plans for the Petro, a State-Sponsored Cryptocurrency

Venezuela will become the first nation in the world to establish its own nationally sponsored cryptocurrency. As detailed by Reuters , Venezuelan president Nicolas Maduro unveiled the plans for the Petro on his weekly televised address last Sunday. Fittingly, the currency will be backed by oil and other commodity reserves, such as gold,…

December 5, 20170Comments

ByColin Harper