The amount of Venezuelan bolivars traded against Bitcoin hit another all-time high last week amid hyperinflation in the country. The volume of Venezuelan bolivars traded against Bitcoin (BTC) on the LocalBitcoins platform another all-time high last week amid rampant hyperinflation in the country. According to Bitcoin statistics website Coin Dance, bolivar volumes on peer-to-peer exchange […]
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Uphold and SALT form partnership to bring liquidity to millions of crypto holders through crypto-backed loans. Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral. […]
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Binance launches Latamex, a fiat-crypto platform for Latin American countries that will operate under the Binance Fiat Gateway. Binance, the leading global cryptocurrency exchange by trading volume and users, today announced the launch of its fiat gateway for Latin America. The announcement was made during laBitConf, a major crypto event for Latin America held in […]
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FinCEN’s director says the crypto industry has embraced the agency’s reporting guidelines and are internalizing it into their own reporting and operations. The director of the Financial Crimes Enforcement Network (FinCEN) says the cryptocurrency industry has begun to fall in line with the agency’s regulations on money transmission services. In a speech delivered at the […]
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Being stifled by USD dominance in trade, BRICS countries are discussing the launch of a multinational crypto. Brazil, Russia, India, China and South Africa, or the BRICS economic bloc, are engaging in discussions to issue cross-national digital money in order to reduce the dependence of their economies on the United States, as reported by Cointelegraph […]
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“We’re way past the point where the bubble should have burst. It should have happened long ago. We’re in uncharted territory now.” Global debt has surpassed $250 trillion. That’s 320% of gross domestic product, announced the Institute of International Finance on Nov. 14. Emerging market debt also hit a record $71.4 trillion, 220% of GDP. […]
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Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro. Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are […]
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Venezuelan President Nicholas Maduro announced that country’s retirees and pensioners will be paid their Christmas bonuses in Petro. Venezuelan President Nicholas Maduro announced that the Christmas bonus of the country’s retirees and pensioners will be paid to them in the national cryptocurrency Petro. The Twitter profile of local news outlet Venepress reported on Maduro’s remarks […]
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LocalBitcoins continues its path to full regulation with an official license from the Finnish Financial Services Authority. The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country. […]
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Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world. When thinking of countries that are ahead of the curve in crypto adoption, Turkey might not be the first place that springs to mind. However, Statistica’s Global Consumer Survey for 2019 shows that a fifth Turkish residents are […]
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