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| Backed by Oil and Gold: What is Known About Venezuela's Petro Cryptocurrency Earlier this week, the Venezuelan Finance Ministry announced that the country would create a cryptocurrency, which will be called El Petro, in an attempt to make progress on its currency system and overcome the financial blockade. The ministry noted that cryptocurrencies are necessary for carrying out ...
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| Coinbase warns that its platform could crash again in the future Coinbase, the cryptocurrency trading platform, experienced an outage on Thursday as bitcoin soared by $3,000 in under three hours on its platform. The company's CEO Brian Armstrong said Friday the firm expects more outages during periods of high-volumes.
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| After rallying high in the cryptocurrency market, Bitcoin tumbles to 20 percent in ten hours Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. Representational image: AFP. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than ...
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