Nicolas Maduro Urges His Venezuelan Residents to Invest in the Petro Coin and Gold

Nicolas Maduro

Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next few weeks workers will be receiving their bonuses in the Petro coin, instead of fiat.

Nicolas Maduro and The Petro

Maduro said:

“In the coming weeks the payment schedule of the bonuses will be fulfilled with the new salary tables set in the petro, which is from the economic recovery program that started 58 days ago on August ...

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India’s Largest Bitcoin Exchange, Zebpay, Relocates to Malta

Zebpay

Zebpay, India’s largest cryptocurrency exchange, is heading for Malta! Following in the footsteps of major platforms Binance and OKEx, the exchange has had no choice but to move its operations to the ‘blockchain island’ amid strict regulations in India.

Zebpay Moves to Malta

The exchange shut down its operations in India last month, due to strict regulations issued by the Reserve Bank of India (RBI) in April. The RBI dictated that banks cease business with any firms relative to cryptocurrency.

As such, Zebpay was forced to disable Indian Rupee deposits and withdrawals, and with ...

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Top Coins Today: Tezos and DigixDAO Lead the Pack

Top Coins

According to coinmarketcap.com, there are two top coins today.

In the top 100, leading the pack and standing out for their double-digit gains are Tezos and DigixDAO.

In 24 hours, both coins have increased almost 17%. So what’s going on with these two?

Top Coins: Tezos and DigixDAO

This morning, Tezos began listing on European exchange Kraken. The news has seen the coin increase nearly 17% in the 24-hour period.

That is some gain.

The 18th largest coin by market cap, Tezos (XTZ), began trading at 11:00 ET. ...

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Four New Stablecoins on OKEx—Find Out What They Are Here!

New stablecoins on OKEx

Starting today, there will be new stablecoins on OKEx!

The third biggest crypto exchange by market cap announced that it is adding four US dollar-backed stablecoins to its platform.

Four New Stablecoins on OKEx

Let’s catch up. Stablecoins are cryptocurrencies that are backed on a one-for-one basis with a fiat currency. For example: if a stablecoin is backed by the US dollar, then every one stablecoin can be traded equally for one US dollar. So, as their namesake suggests, stablecoins provide just that—stability. Stablecoins are ideal for investors who worry about price volatility in ...

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Bithumb Sells $350 Million Stake in Its Cryptocurrency Exchange

Bithumb

Bithumb, one of the largest cryptocurrency exchanges in South Korea by its daily trade volume, has sold more than 38 percent of its ownership to a blockchain consortium in Singapore, Coindesk Korea reported this morning. The stake was sold for 400 billion won, or $350 million USD.

Stake Sold

Bithumb signed the deal on October 11th with BK Global Consortium. BK Global Consortium is a blockchain investment firm that was formed by BK Global, a plastic surgery medical group in Singapore.

BTC Holdings Company currently owns 76 percent of Bithumb’s equity and has agreed ...

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A Crypto PayPal? UTRUST Will Make Crypto Online Transactions the Everyday Norm

crypto online transactions

A Swedish company wants to make crypto online transactions as simple and as safe as using PayPal. But can such a feat be accomplished in such a volatile marketplace?

Crypto Online Transactions

The cryptocurrency market is still considered to be in its infancy, and many skeptics believe that, as a currency, it is hard to spend it day-to-day.

Proof of this issue is that only 2% of online retailers accept crypto despite the increase in adoption for traders and businesses alike.

Fear remains surrounding the volatile nature of a crypto’s price.

...

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Coinbase Japan: Exec Says Crypto Crackdown in Country is a Good Thing

Coinbase Japan

Major US cryptocurrency exchange Coinbase said Japan’s tighter regulations towards cryptocurrency would give it an advantage, signaling the company’s confidence in securing the regulatory approval for Coinbase Japan.

Japan has been long considered a crypto friendly country, compared to its neighbor China. The country has had a large pool of retail investors interested in blockchain technology and crypto and light-touch government policies. Due to high-profile hacks, Japan has decided to increase its regulatory oversight over the cryptocurrency industry.

Coinbase Japan

Mike Lempres, Chief Policy Officer at Coinbase, told the NIKKEI Asian Review that his ...

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Binance Listing Fees: Largest Cryptocurrency Exchange Will Donate All Fees to Charity

Binance listing fees

Binance, the top cryptocurrency trading platform by its daily trade volume, just made a big announcement regarding its Binance listing fees.

.@cz_binance on solving The #LastMile Issue, ensuring transparency in #charity, and calling developers to help design @BinanceBCF's new donation tracking platform. https://t.co/5FGoQbUbfx

— Binance (@binance) October 9, 2018

Binance Listing Fees

Changpeng Zhao, Binance’s Founder, said that he wrote down the Blockchain Charity Foundation four years ago, but wasn’t able to execute it at the time. With Binance’s catastrophic growth last year, it seems the founder believes now is ...

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TRON (TRX) and EOS are Trading in the Red Despite Releasing Big News

Tron (TRX)

While the total cryptocurrency market is trading mostly in the red today, most of the top digital tokens are only seeing slight losses. For the past 30 days, the total cryptocurrency market has hovered around the $210 billion range. Today, we’re going to take a closer look at TRON (TRX) and EOS.

 TRON (TRX)

TRON is currently the 11th largest cryptocurrency by its total market cap and is sitting just under Monero (XMR). Two days ago, TRON’s Founder Justin Sun announced that Odyssey 3.1 would be launched at 8 PM SGT that day.

Based ...

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EOS, TRON (TRX), and Litecoin (LTC) Updates: Prices Up and Down

EOS

The cryptocurrency market is trading mostly in the red this Friday morning. Most coins in the top 10 cryptocurrencies are either just above the percentage gains threshold or just below. EOS and TRON (TRX) are currently in the green, but Litecoin (LTC) is trading down.

Let’s take a closer look at these projects and their latest movements.

EOS

Recently, the official ‘EOS’ Twitter name was changed to Block.one. Block.one is the blockchain-based company that formed EOS. The company must be taking bets that most people truly interested in EOS know about Block.one, but I’m ...

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Goldman Sachs-Funded Circle Just Launched Three Additions to Its Crypto Investment App

Circle launches Collections

Circle launches Collections, a new addition to Circle’s crypto investment app.

Circle Launches Collections

A few months ago, Circle debuted ‘Buy the Market.’ It was a way for its customers to buy the listed assets it had on its platform in just one tap. Circle’s feature was so successful that over 30 percent of the users were using it after its debut.

This morning, the company is building upon its theme and has launched three additional collections: Platforms, Payments, and Privacy. Each of these new collections divides the crypto assets into themes. Circle believes ...

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StellarX is Officially Launched but XLM Remains Red

StellarX launches

Today, StellarX launches! StellarX is the Stellar network-based zero-fee decentralized cryptocurrency exchange. The company behind the platform, Interstellar, announced the upcoming launch via a Medium blog post on September 28th. XLM has yet to be positively affected by the news.

StellarX Launches!

Previously, StellarX was open only to a number of individuals who signed up for its Beta testing, but it seems the team at Interstellar feels confident in their product thus far—confident enough to launch publically!

What makes the platform stand out from the rest is that it’s a totally free trading platform. ...

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Luxury Condo in Manhattan Will be ‘Tokenized’ on the Ethereum Blockchain

Tokenized Real-World Asset

It’s the first of its kind. According to Forbes, a luxury condo development in Manhattan, which is valued at more than $30 million, will be tokenized on the worldwide Ethereum blockchain, making the luxury condo a tokenized real-world asset.

The building comprises of 12 units at 1700 sq ft each and is located on 436 & 442 E 13th St in Manhattans, East Village.

The listing broker on the deal is Ryan Serhant. He and the developer are looking to tokenization as a new method of financing. He says:

“With blockchain tokenization, ...

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NEM Gains 13% in 24-Hours While the Rest Are Sleeping. What’s Causing this Bull-Run?

NEM Gains

The cryptocurrency market is moving very slowly today. Some of the top coins are in the red: Bitcoin at -0.20% and Ethereum at -0.36%. Small losses, but pretty appropriate for a day when the market is dragging its heels. However, there are very notable NEM gains happening right now.

NEM (XEM) is, without a doubt, today’s biggest winner, having grown 13% in the last 24-hour period. So, what has NEM trading in the green, especially when every other coin is pretty much asleep!?

Let’s find out!

NEM Gains

NEM (XEM) is ranked ...

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Eternal Token, What is It? And Why is It Up 42% Today?

Eternal Token

What is Eternal Token (XET)? Where did it come from? And how has it grown so much so fast?

When a coin makes gains of 42% in a 24-hour period, it piques your interest. It doesn’t matter if it doesn’t sit within the cryptocurrency top ten, such massive gains in such a short period of time warrants investigation. So what exactly is Eternal Token (XET)?

Let’s find out.

Eternal Token

Eternal Token is new. Very new. It was created in June of this year and began listing on Coinmarketcap.com in August. It ...

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Bitcoin Mining Firm Bitmain Just Filed for an IPO

Bitmain IPO

Bitcoin mining firm Bitmain has just submitted its initial public offering (IPO) with the Stock Exchange in Hong Kong (HKEX). Bitmain is based in Beijing, China. So what’s going on with the Bitmain IPO?

Bitmain IPO

Bitmain’s long-awaited IPO is still in its draft form and pending further listing hearings from the HKEX. The announcement of Bitmain’s public offering isn’t without controversy though.

Bitmain has been weighing an $18 billion IPO, one of the largest in history. Bitmain is one of the world’s most valuable cryptocurrency companies. Back in July, the crypto mining firm ...

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Goldman Sachs and Google Ventures Lead Investments into Blockchain Payment Company Veem

Blockchain Payment Company Veem

The blockchain payment company Veem just announced it has closed a $25 million funding round. The company closed its Series B funding round back in 2017. Veem states that Goldman Sachs and Google Ventures led the new funding round.

Veem

The latest round raised by the blockchain payment company Veem included a slew of new and existing investors. Silicon Valley Bank, Extol Capital, Trend Forward Capital, GV (formerly Google Ventures), Pantera Capital, and Kleiner Perkins contributed to the expansion of the company.

Currently, small business owners have to deal with slow and expensive wire ...

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BCH Price Rally: Bitcoin Cash is Up Nearly 30% and is Still Going! What’s Going On?

BCH price rally

Hold onto your hats folks! There is a BCH price rally happening right now! But why!?

The coin has rallied almost 30% at the time of writing; according to coinmarketcap.com, BCH is currently up 28.94%. Are we seeing a repeat of what Ripple (XRP) accomplished last week?

BCH Price Rally: Is Bitmain the Cause?

So without a doubt, BCH is the best performing coin on the market right now. Analysts are attributing the BCH price rally to the successful IPO filing of Bitmain with the Stock Exchange of Hong Kong Limited.

Mati ...

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Coinbase Altcoins: The World’s Largest Exchange is Preparing to Add More Coins

Coinbase altcoins

The world’s largest exchange by trading volume is changing its stance. Coinbase will begin to list more altcoins as it adopts a more ‘open-door’ process to coin applications. In a matter of weeks, we should see more Coinbase altcoins trading on the exchange.

Coinbase Altcoins

To date, Coinbase lists just five cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), and Ethereum Classic (ETC). The exchange has been notoriously strict about supporting any other coins. For coins to make the cut, the exchange runs the decision by a bevy of lawyers and regulatory bodies first, ...

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Google Cryptocurrency Ad Ban Ends for Crypto Exchanges in the US and Japan

Google cryptocurrency ad ban

Big news has just been announced regarding the Google cryptocurrency ad ban. CNBC reported this morning that Google (NASDAQ:GOOGL) is lifting its ban on some cryptocurrency-related advertising and plans to allow regulated cryptocurrency exchanges to buy Google ad space in the US and Japan.

This new policy will start October 1st, 2018.

Google Cryptocurrency Ad Ban

Google announced its plans to restrict cryptocurrency-related ads back in March of this year, but it did not go into effect until June. The company wanted to protect consumers from fraud. Even now, with the ad ban largely ...

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