Invest in Gold and Crypto Petro, Venezuela’s President Tells Public in Fresh TV Plug

Petro should form an investment priority for Venezuelans, the country’s president has said. The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports. In a television broadcast, Maduro said that “in the coming […]

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Important Aspects of Stablecoins: The Difference Between Pegging, Collateralization, and Redeemability

We know that stablecoins are backed by something. It’s time to learn how they are backed. Stablecoins have been making the headlines in recent months, attracting big investors, tempted by the allure of a on ‘non-volatile’ cryptocurrency. At first, we usually pay attention to the backing connection, in other words, to the coin’s  stabilizing mechanism. […]

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Global Security Firm G4S Announces High-Security ‘Vault Storage’ for Holding Crypto

U.K.-based global security company G4S has announced a new high-security “vault storage” for holding crypto assets. U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding […]

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Report: Bitfinex Shifts Its Banking Business to Hong Kong-Based Bank of Communications

Crypto exchange Bitfinex has reportedly moved its banking business to Hong Kong through a private account at Bank of Communications. Cryptocurrency trading platform Bitfinex has reportedly shifted its banking business to the Hong Kong-based Bank of Communications, the Block reported Oct. 16. A source familiar with the matter reportedly said that Bitfinex appears to be […]

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Bitfinex Introduces ‘New, Improved’ Fiat Deposit System Following Last Week’s Suspension

Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system shortly after temporary suspension last week. Major crypto exchange Bitfinex has introduced an “improved” fiat deposit system, shortly after temporary suspension of deposits last week, according to an official blog post Tuesday, Oct. 16. Last week, on Oct. 11, Bitfinex temporarily halted fiat deposits […]

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