Tag: Bitcoin

Venezuela’s El Petro Cryptocurrency Could Revolutionise Not Just Monetary Markets, But Oil Markets

Pre-sales of Venezuela’s El Petro cryptocurrency continue to increase after the initial coin offering (ICO) pre-sale smashed anticipated figures. As Sputnik reports, “87,200 users in total have requested the purchase of el petro, out of which 3,520 were enterprises, while 83,760 were individuals. Some of those numerous requests were from Australia, Germany, Belarus, Brazil, Cuba, […]

Malaysian Company Set to Launch Gold-Backed Halal Cryptocurrency

The Malaysian company HelloGold is preparing to launch a new gold-backed cryptocurrency called GOLDX. The new crypto is set to become available for purchase later this year, in Thailand. While the use of cryptocurrencies is becoming hotly debated among world governments, it appears there is also a religions angle. Islamic banking systems […]

Chechen Republic Leader Ramzan Kadyrov Supports Cryptocurrencies

With nations as diverse as India, South Korea, China Germany, France and the US have publicly expressed their worries over the increased popularity of cryptocurrencies (including the prominent Bitcoin), others including Venezuela, Russia and Iran have expressed their desire to enter the market of state sanctioned cryptocurrencies whose transactions are […]

Crypto-Cold War: Have New Cryptocurrency Regulations Contributed To The US Stock Market Plunge?

On the 2nd and 5th of February, major financial institutions announced that they will actively prohibit the purchase of cryptocurrencies including the industry leading Bitcoin, using their bank issued credit cards. J.P. Morgan Chase, Bank of America and Citigroup from the US as well as the UK’s Lloyds Banking Group and […]

Cryptocurrencies Are Caught In A Tug of War Between Russian Innovation and Modi’s Misery

This week has revealed how Russia and India have decided to take totally opposite approaches to the issue of normalising cryptocurrencies from the perspective of state authority. India’s move to ban the trading and mining of all cryptocurrencies continues to send shockwaves through the markets as Bitcoin plunged to just […]

India Set to Ban Cryptocurrencies: Where Geopolitics Meets Blockchain

Ever since Cryptocurrencies went from a small blip on the radar to a kind of financial sub-culture, governments and their central  banks have been asking themselves what to do about cryptocurrencies. Thus far, the consensus in Europe and North America is that the currencies are legal investments and legitimate means […]