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US Bitcoin miners silent in face of Kerrisdale ‘snake oil’ claims
13.6.2024
U.S. Bitcoin miners have remained tight-lipped following a recently released Kerrisdale Capital report criticizing the industry
World’s Largest Bank ICBC Sees Bitcoin as Digital Gold — Calls Ethereum ‘Digital Oil’
12.6.2024
The Industrial and Commercial Bank of China (ICBC), the world’s largest bank by total assets, recently compared bitcoin to digital gold and labeled Ethereum “digital oil” in a report. The bank emphasized the roles of these cryptocurrencies in the digital economy and their...
How UpRock Is Using AI, DePIN and Crypto Rewards to Attract New Users to Web3 in an Age Where Data Is the New Oil
10.6.2024
UpRock is a groundbreaking platform that merges blockchain and AI, allowing users to monetize their unused internet bandwidth. With a focus on democratizing data access and fostering an open AI ecosystem, UpRock is at the forefront of the digital revolution. The co-founders of UpRock, Jesse Adams...
Ethereum ETFs — 3 pitches that could hook Wall Street
30.5.2024
Ethereum is already home to the world’s largest DeFi protocols, tokenized RWAs, and stablecoins, but its technical roadmap could be hard for TradFi to understand
3 signs hint that Bitcoin price is nearing a bottom
1.5.2024
The result of today’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed
Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
30.4.2024
With the US reportedly cutting off Venezuelan oil sales by May 31, experts warn that the country’s likely shift towards digital currency necessitates stricter regulations.
The post Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny appeared first on Cryptonews
Dogecoin, Shiba Inu on Dethrone Watch as Oil Cat Unleashes 9,000% Solana Surge
29.4.2024
The meme coin craze is back, and a new participant is changing the rules. Oil Cat, a Solana meme coin, has garnered everyone’s attention after poisoning a 9,000% surge in two days. The meme token is already challenging giants like Dogecoin and Shiba Inu within a day of its launch. The crypto...
Tether to Freeze Addresses Evading Sanctions on Venezuelan Oil Exports
24.4.2024
Tether, the issuer of the popular stablecoin USDT, has announced its intention to freeze addresses associated with sanctioned entities.
The post Tether to Freeze Addresses Evading Sanctions on Venezuelan Oil Exports appeared first on Cryptonews
Venezuelan State Oil Company to Accelerate USDT Adoption for Settlements; Tether Vows to Uphold OFAC Sanctions
23.4.2024
PDVSA, the state-owned Venezuelan oil company, would be preparing to migrate more of its payments portfolio to USDT, a dollar stablecoin, to avoid being affected by the restitution of U.S. sanctions. Reuters reported that the company started receiving payments in USDT last year and will accelerate...
First Mover Americas: Venezuela Looks to Tether for Oil Sales as Sanctions Return
23.4.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for April 23, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again
23.4.2024
Venezuela's state-controlled oil company PDVSA intends to boost its use of digital currencies in crude oil and fuel exports, prompted by renewed US oil sanctions, Reuters reported on Monday.
The post Venezuela’s Oil Giant Turns to Crypto as US Sanctions Bite Again appeared first on Cryptonews
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
15.4.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils...
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
12.4.2024
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami,...
Venezuelan Prosecutors Arrest Former Vice President in ‘Crypto Plot’ Probe
11.4.2024
Venezuelan prosecutors say they have arrested former Vice President Tareck El Aissami, the alleged “ringleader” of a “crypto plot” to embezzle money from state oil sales.
The post Venezuelan Prosecutors Arrest Former Vice President in ‘Crypto Plot’ Probe appeared first on Cryptonews
Robert Kiyosaki Highlights ‘Problem’ With Gold, Silver, and Oil — Praises Bitcoin’s Limited Supply
17.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has pointed out “the problem” with gold, silver, and oil, while confirming his ownership of gold, silver mines, and oil wells. Touting bitcoin’s limited supply, the famous author emphasized that no matter how high the price of bitcoin...
Tecpetrol Raises Crude Oil Production Fivefold With Crypto Mining In Argentina
9.2.2024
Tecpetrol, an Argentina-based oil and gas company, has reported the benefits of including crypto mining operations in its oil explorative activities. According to Tecpetrol CEO Ricardo Markous, including on-site vented gas generators to mine cryptocurrency has allowed oil production to rise...
Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence
6.2.2024
The leading privacy-focused cryptocurrency by market valuation, monero, experienced a sharp 32% decline within the last day after news broke that Binance intends to remove the coin from its platform. Citing non-compliance with its listing criteria, Binance announced that monero, along with three...
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
2.2.2024
The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on February 13, with oil and gas sanctions reported...
Venezuela Ends Controversial Petro Cryptocurrency: Reports
15.1.2024
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports
India’s De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns
28.12.2023
The Indian Oil Ministry recently acknowledged that the country’s push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling...