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| Venezuela wants to solve its economic crisis with an imaginary new currency A cryptocurrency (see: Bitcoin) is a kind of virtual money that uses cryptography, a complex process of encoding data, to keep transactions secure from outside parties — like foreign governments looking to impose sanctions. Maduro said the petro would help Venezuela "make financial transactions and ...
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| Why Did Amazon Buy Up Cryptocurrency URLs? With each step, the company has gained a wider following and a greater dominance over a larger and larger space; it has moved far beyond the e-commerce outfit it began life as. Now, some analysts are speculating that Amazon may be looking to get into the burgeoning cryptocurrency space, as the ...
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| UK Treasury Plans to Regulate Cryptocurrency Exchanges The government is seeking to introduce regulations for the cryptocurrency market to force traders and investors to reveal their identities and report suspicious behavior. The recent surge in interest and price of Bitcoin has forced the Treasury to take a closer look and attempt to bring it in line with current ...
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| Enter the 'petro': Venezuela to launch oil-backed cryptocurrency "Venezuela will create a cryptocurrency," backed by oil, gas, gold and diamond reserves, Maduro said in his regular Sunday televised broadcast, a five-hour showcase of Christmas songs and dancing. The petro, he said, would help Venezuela "advance in issues of monetary sovereignty, to make ...
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