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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: geopolitics

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Category: Altcoins, Business, Finance, News

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Despite the criticisms that the controversial Petro cryptocurrency has faced both locally and internationally since its launch in February 2018, the coin’s backers have unsuccessfully tried their best to gain relevance and seek a robust use-case. However, most countries have thwarted the idea of using a cryptocurrency for official deals. India Shuns the Petro Amongst them is India, a long-time…

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Russian Bank Allows Venezuelan ‘Petro’ Investors To Circumvent U.S. Sanctions

Category: Business, Finance, News, Tech

Russian Bank Allows Venezuelan ‘Petro’ Investors To Circumvent U.S. Sanctions

A small-time Moscow bank that boasts of President Nicolas Maduro as their largest shareholder, along with two Russian companies, is the new ‘it’ thing for investors that aim at investing in Venezuela’s new cryptocurrency ‘petro.’ Getting Around U.S. Laws The Moscow-based bank, called Evrofinance Mosnarbank, has made a name for itself in the international financial market as being the first…

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Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

Category: Bitcoin, Commentary, Finance, News

Iranians Purchase $2.5 Billion Worth of Bitcoin as Government Considers Native Oil-Backed Crypto

All the talk about bitcoin has made some serious noise in Iran as well. Although few in number the country has customers of cryptocurrency, and in the with the rise of digital currency, the government is planning to adopt this trend. Mohammad Reza Pourebrahimi, Chairman of the Economic Commission of the Parliament of Iran, strongly believes that a national digital…

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Bitcoin Price Breaks Through $7000, Surges $1000 in Under 60 Minutes

Category: Bitcoin, Commentary, News, Price Analysis

Bitcoin Price Breaks Through $7000, Surges $1000 in Under 60 Minutes

The price of bitcoin has displayed a massive surge on April 12, breaking through the $7000 barrier with ease and reaching a fresh high for the month of April at $8069.34. At the time of writing, bitcoin has been tempered to $7699.68 on the Bitstamp exchange. The 15-minute chart below shows how BTC-USD broke through $7000 and advanced more than…

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Are Cryptocurrencies the Real Threat to America’s Clout as the Sole Superpower?

Category: Altcoins, Bitcoin, Commentary, Ethereum, News

Are Cryptocurrencies the Real Threat to America’s Clout as the Sole Superpower?

By now, you have probably noticed that policymakers in the United States, well, at least a section of them, are cozying up to the concept of digital currencies and all the good that it can bring to the world. Better than Expected In yet another significant indication that policymakers and the bureaucratic machinery are taking the ever-growing crypto economy seriously,…

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More Trouble For “Petro” As President Trump Bans The Venezuelan Cryptocurrency

Category: Altcoins, Commentary, Finance, News

More Trouble For “Petro” As President Trump Bans The Venezuelan Cryptocurrency

Venezuela’s state-backed cryptocurrency petro has been mired in controversy right from the beginning. Not only did the US Senate took strong objection to it when petro went for a pre-sale, but a section of Venezuela’s own lawmakers have been publicly denouncing it as “illegal.” Executive Order Bars the ‘Petro’ Adding more to the ongoing controversies, the US government has signed…

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Bitcoin Exchange Bittrex to Cut Off US-Embargoed Countries

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

Bitcoin Exchange Bittrex to Cut Off US-Embargoed Countries

Under a new set of terms of service set to launch in a few days, cryptocurrency owners from North Korea, Iran, Crimea, Syria, and Cuba will no longer be able to trade through Bittrex, currently one of the world’s leading cryptocurrency exchanges. The Seattle-based company first announced its new terms of service in early February. Valid from March 9, 2018,…

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Russia Set to Utilize Cryptocurrency to Avoid US Sanctions

Category: Bitcoin, Finance, News, Regulation

Russia Set to Utilize Cryptocurrency to Avoid US Sanctions

There has been a lot of speculation taking place as to how Russia is planning to create a significant boost to their oil market and subsequently overcome some strict guidelines set out by the United States. One suggestion implies the utilization of the growing power and influence of cryptocurrencies. Overcoming Sanctions The widespread adoption of crypto is now making officials…

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Bitcoin Sets Sights on $13,500 as the Cryptocurrency Reaches News Highs

Category: Bitcoin, News, Price Analysis

Bitcoin Sets Sights on $13,500 as the Cryptocurrency Reaches News Highs

As stocks plunge globally on geopolitical concerns, Bitcoin has reached a fresh all-time high, nearing the $13,000 level. As we approach the end of 2017, profit taking will be a major theme in traditional markets, while geopolitical events are heating up, providing an opportunity for bitcoin to galvanize its advance. On November 6, BTC-USD reached a fresh all-time at $12,815.18….

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A Venezuelan Leap Into Cryptocurrency?

Category: Finance, News, Tech

A Venezuelan Leap Into Cryptocurrency?

Venezuela is a nation in crisis. The economy has been hit by a decline in oil reserves and the value of the bolivar; its prevailing currency has plummeted. Named after Simón Bolívar, the 19th-century hero known across South America for leading the independence movement from Spain, the bolivar in recent years has been rendered practically worthless. Now amid a cash…

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