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World Ethical Data Forum 2018 • September 19-20, 2018

Held at the World Trade Centre in the Catalan city of Barcelona and covering areas such as cryptocurrency and ICO…

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Tag: financial system

Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

Category: Altcoins, Blockchain, Development, Finance, News, Tech

Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries. Petro Crypto Goes Official…

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Imperial College: Cryptocurrencies like Bitcoin Can Upend the Nature of Financial Systems

Category: Altcoins, Bitcoin, Commentary, Ethereum, Finance, News

Imperial College: Cryptocurrencies like Bitcoin Can Upend the Nature of Financial Systems

A report by the prestigious university Imperial College London has said that cryptocurrencies like bitcoin and ether have already fulfilled one of three primary criteria of money and the former has the potential to upend the nature of financial systems. Digital Assets are Already a Store of Value According to professor Knottenbelt, for an asset to be considered as money, it…

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