Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Analysis of UAE and Saudi Arabia’s Government Cross-Border Payments Cryptocurrency

Read More

The United Arab Emirates and its neighbor Saudi Arabia launched a government-backed cryptocurrency to facilitate cross-border payments. The launch was part of a seven-point co-operation plan that was unveiled on Jan. 20th. Apart from cryptocurrency development, the rest of the plan includes a sort of customs union, which allows Saudi and Emirati small and medium-sized enterprises…

Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

post-img

Read More

Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the…

Venezuela Wants to Use Petro to Finance Large Housing Program

post-img

Read More

Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.” Also read: Crypto-Friendly Statesman Takes Over Swiss…

Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019

post-img

Read More

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil. RT @PresidencialVen: #NOTICIA NEWS: Everyone who saves…

Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?

Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?

Read More

Initially revealed on August 2, 2018, several Venezuelan Coinbase users abruptly lost the ability to withdraw or send cryptocurrency, prompting speculation that the exchange may have its hands tied by US-Venezuela sanctions. Purportedly, Venezuela-based Coinbase users are still able to buy or sell cryptocurrency on the platform but may run into trouble when attempting to…

India Rejects Venezuelan Crypto Despite 30% Discount

India Rejects Venezuelan Crypto Despite 30% Discount

Read More

The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded…