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Maduro Orders Price of Venezuela’s ‘Cryptocurrency’ to More Than Double



Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers. Also read: Indian Supreme Court Moves […]

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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition



Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative […]

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G20 Summit: We Will Regulate Cryptocurrencies ‘In Line with FATF Standards’



G20 countries have agreed to regulate cryptocurrencies in line with Financial Action Task Force (FATF) standards at the second session of the summit held in Buenos Aires, Argentina. ‘We will regulate crypto-assets for anti-money laundering’ On Saturday, a joint declaration was officially signed by all G20 nations, reports The Saudi Gazette. The document acknowledges that […]

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Why Use Blockchain Technology?



Why use blockchain technology? While there are certainly a lot of advantages to a distributed ledger, it may not be applicable to all companies or individuals–not yet, at least. The second question people usually ask when they hear about blockchain is–why use blockchain? Why use a distributed ledger? Why not use a regular database or […]

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