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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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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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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This Art Is Made Of Bitcoin – You Can Steal It If You’re Smart Enough

With cryptocurrency values shattering records and upcoming changes to the bitcoin platform, artist Andy Bauch, is providing commentary on the freedom and volatility of developing digital currencies. He’s creating tangible pieces of art from the abstract, ethereal virtual cash. Bauch uses his proprietary computer software to design and assemble artworks, choosing playful and familiar LEGO […]

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Is there a future for Bitcoin in Zimbabwe?

Zimbabwe’s army seized control of the country on Tuesday night, claiming it was removing “criminals” around Robert Mugabe, and held the president and his family under house arrest. But can the military intervention really bring change for the country’s ailing economy? Not unlike the after effects of the Greek crisis of 2015 and the current […]

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