Overstock founder Patrick Byrne has stated that blockchain technology is capable of making government “superefficient.” The founder and CEO of retail giant Overstock.com Patrick Byrne says that blockchain can make government “superefficient and incapable of being bribed,” in an interview with MarketWatch published on Feb. 12. Byrne reportedly said that government services have reached a […]
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Venezuela introduces rules for sending crypto remittances, imposing taxes and fees. The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now […]
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The mystery around embattled crypto exchange QuadrigaCX deepens, and Facebook acquires a blockchain startup. Top Stories This Week Facebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or […]
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Venezuela releases new rules on crypto assets, which include obligatory registration for all crypto exchanges and miners. Venezuela’s new crypto bill, which establishes а legal framework for the industry, officially came into force on Jan. 31. The decree was published in the government’s official media outlet, Gaceta Oficial. The set of rules for miners, crypto […]
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Iran could soon release its state-backed coin, and Gemini announces it will complete further security compliance reviews. Top Stories This Week SWIFT Reveals Plans to Launch Proof-of-Concept With Blockchain Consortium R3 Major global banking payments network SWIFT announced plans this week to develop a Proof-of-Concept of a gateway that will let blockchain consortium R3 link […]
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Iran is reportedly in negotiations with eight countries to use cryptocurrencies for international transactions. Iran is reportedly negotiating with eight countries to carry out financial transactions in cryptocurrency, local daily newspaper Tehran Times reports on Monday, Jan. 28. According to the article, Iran has already entered negotiations with Switzerland, South Africa, France, the United Kingdom, […]
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As Venezuela enters the crucial part of a political crisis, we decided to trace the fate of the Petro — the national cryptocurrency that seemingly failed to save country’s economy. Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions […]
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Tehran may reveal the identity of a new state-sponsored cryptocurrency at a conference this week. Iran could unveil its state-backed cryptocurrency at the Electronic Banking and Payment Systems conference in Tehran this week, local English-language news outlet Al Jazeera reported on Jan. 27. Iran, which has faced fresh sanctions from the United States since November, […]
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Venezuela has requested consultations with the U.S. government in connection with “discriminatory” sanctions against its national digital currency. Venezuela has taken issue with United States sanctions, including those levied against transactions in the country’s national digital currency, the Petro (PTR), according to a World Trade Organization (WTO) consultation request, published Jan. 8. The request, dubbed […]
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Venezuelan government’s official newspaper has published a decree that allows the authorities to tax operations with cryptocurrency and foreign fiat. Venezuelan government has published a new decree that introduces taxation for operations with cryptocurrency and foreign fiat in its official newspaper Monday, Jan. 7. The decree No. 3,719, published in the Gaceta Oficial edition No. […]
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