Venezuela begins selling oil-backed cryptocurrency

Venezuela formally launches its new oil-backed cryptocurrency in an unconventional bid to haul itself out of a deepening economic crisis. The leftist Caracas government puts 38.4 million units of the world’s first state-backed digital currency, the Petro, on private pre-sale from the early hours. Advertisements

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Inside cryptocurrency in South Korea

It’s the premium that comes and goes — what is the (in)famous Kimchi Premium? Our brand-new ké radar videos kick off with staff writer Raphael Rashid explaining the ins and outs of South Korea’s volatile cryptocurrency market (and regulations).

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Cryptocurrencies under the spotlight in Davos

It’s been described as a bubble about to burst, a way of laundering money and also as the future of finance. At the World Economic Forum’s meeting in Switzerland this week, the spotlight fell on digital currencies like Bitcoin, and the technology on which they are built. Al Jazeera’s Jonah Hull reports from Davos.

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97% of bitcoin holders are male

By Dunca Stewart, Director of Research at Deloitte Canada “Where The Boys Are” isn’t just a great Connie Francis song. It’s also a breathtakingly accurate description of who invests in cryptocurrencies. The chart above shows that as of this week, more than 24 out every 25 people engaging in Bitcoin is male. That 3.4% is […]

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Analyst on bitcoin record

Cryptocurrency bitcoin has set another record, breaking through the $12,000 mark for the first time. Compare that with where it was at the beginning of the year, when it was trading at around $1,000 per token. Since then, it’s been growing constantly, albeit it with regular fluctuations. RT discussed this with Craig Erlam, senior market […]

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Venezuela to launch ‘Petro’ cryptocurrency

CARACAS (Reuters) – Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the “petro” backed by oil reserves to shore up a collapsed economy. The leftist leader offered few specifics about the currency launch or how the struggling OPEC member would pull […]

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Video Analysis: Bitcoin 29.11

Chief Market Analyst David Cheetham takes a look at Bitcoin as it experiences another stunning rally, even by it’s own standards.

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