The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1.2 billion worth of Gold, reported Bloomberg. The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad. The UK accepted the request as it, and many other countries, joined the US’…
OkCoin, a leading digital asset platform for fiat and token trading headquartered in Beijing, has expanded its operation to Argentina and is about to do the same in other Latin America countries. Instiutional and retail customers are now able to exchange the Argentine peso for any cryptocurrency included in its offering. OkCoin Offers Fiat-to-Crypto Exchange…
Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…
Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior government official from a board created by…
Perhaps the most well known Bitcoin artist is on a mission to spread the Bitcoin word in Venezuela. Pascal Boyart has been working with the website SatoshiEnVenezula to help artists local to the South American nation monetise their work using the crypto asset. Boyart is famous for his Bitcoin-inspired murals in his native France. His…
According to an exchange on X, a user asked when Bitcoin would “boom.” A crypto expert answered bluntly that relying on a single price explosion to get rich is the wrong plan and summed up his approach as “time plus stacking.” The remark cut through the guessing and put the focus back on steady habits,…
Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank. Naturally, many commentators have celebrated…
Bitcoin climbed past the $92,000 mark on Monday, driven by a mix of strong buying and fresh geopolitical noise. Traders watched as BTC moved toward $93,000 after brief gains in global markets, hitting roughly $92,800 in early US trading. Related Reading Geopolitical Jitters And Market Moves According to market reports, comments from US President Donald…
The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential Issuance of Central Bank Digital Currency In…
Bitcoin was designed in the wake of the 2008 global economic crisis as a way to take control over money away from central authorities such as governments, banks, and other traditional systems. The decentralized design could also prevent communist countries like China from establishing control over their citizen’s money. However, the very technology powering crypto…