Tag: Economy & Regulation

A New Bitcoin World

Venezuelans to Be Paid at Least Half a Petro a Month

Venezuelans to Be Paid at Least Half a Petro a MonthAnnouncing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    […]

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August 19, 2018 0

Cryptocurrencies Not a Risk to Stability, Russian Study Concludes

Cryptocurrencies Not a Risk to Stability, Russian Study ConcludesA study has found that despite their volatility, cryptocurrencies do not endanger the financial system and the economy of Russia, as the risks are offset by the highly concentrated ownership of digital assets. Crypto fluctuations are not believed to affect consumption either. Russian residents have controlled cryptocurrency worth between $7.5 and $14 billion in the […]

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June 8, 2018 0

Malta to Give “Peace of Mind” to Crypto Companies

Malta to Give “Peace of Mind” to Crypto CompaniesThe government of Malta has come up with an idea that businesses dealing with cryptocurrencies may find interesting. A new policy document seeks to set up a special agency which will “certify” blockchain platforms and “verify” crypto transactions. It is supposed to “bring peace of mind” to companies using these technologies to cut out central […]

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February 18, 2018 0

Visa CEO: Bitcoin is Not a Payment System

Visa CEO: Bitcoin is Not a Payment SystemVisa, the world’s largest credit card company, is widely regarded as being hostile to Bitcoin. It would seem intuitive that a traditional financial provider should look unkindly on anything that threatens its hegemony. Publicly, though, the company has had very little to say about Bitcoin, preferring to focus on matters within its own domain. In […]

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January 18, 2018 0

Crypto Card Issuers Seek Solutions in the Wake of a European Ban

Crypto Card Issuers Seek Solutions in the Wake of a European BanIntervention by Visa spelled an end to European crypto debit cards for the majority of customers on Thursday. Around a dozen crypto companies were affected by the shutdown, which instantly wiped out their services across Europe. Issuers such as Bitwala, Tenx, Bitpay, and Xapo were left high and dry after a Visa subsidiary stopped processing […]

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January 8, 2018 0

Dancing With the Devil: ‘Cashing Out’ Cryptos Into Fiat Not So Easy

Dancing With the Devil: 'Cashing Out' Cryptos Into Fiat Not So EasyBitcoin and other cryptocurrency assets are precious and some of them have grown over 1300 percent in value this year. Although, with the price on exchanges being higher than ever before its now a bit more difficult for those who want to ‘cash out’ or make significantly large purchases without being watched by the prying […]

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December 28, 2017 0