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The Petro Coin Will Be Used for Global Trade in Venezuela Come October

 

Petro Coin

Venezuela’s president, Nicolas Maduro, just made a bold statement regarding his oil-backed cryptocurrency, the Petro Coin.

The Petro Coin

Maduro appeared on the national VTV channel today and delivered a speech about his country’s latest economic issues. According to VTV’s official website, Maduro said:

“The Petro enters the street, as a currency of exchange, purchase and convertible currencies for the world.”

However, the Venezuelan†president didn’t specify the areas where the Petro will be used. Maduro also didn’t name any countries willing to accept the Petro Coin.

This oil-backed cryptocurrency ...

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Ripple (XRP) Temporarily Passes Ethereum (ETH) but ETH Reclaims #2 Spot

 

Ripple (XRP)

Ripple (XRP) just passed Ethereum (ETH) this morning to take the second-largest cryptocurrency spot. Except, a few hours later Ethereum enthusiasts shot back and Ethereum re-gained its #2 spot.

Ripple (XRP) Comeback

XRP is among the group of worst performing cryptocurrencies this year, but it seems to be making a comeback. In the summer, it was down more than 90 percent from its high in January.

XRP and Ripple are often confused, and people intertwine them. Ripple Labs is a fintech†company that focuses specifically on global payments and hold the majority of XRP. ...

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Bitcoin Price: BTC is Bullish, are Altcoins the Reason?

 

Bitcoin Price

Bitcoin price is on a bull-run right now. In fact, the entire crypto market seems to be making a bullish turn as sharp gains can also be seen across a number of altcoins.

At the time of writing, Bitcoin is up 4.6% on the 24-hour basis and is currently trading at $6,733 according to coinmarketcap.com

Earlier in the day, Bitcoin price hit its 16-day high of $6,745, but it could easily hit that high again by the looks of things.

Bitcoin Price Recovery

Bitcoin is recovering from a five-week low of $6,100 ...

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Crypto Daily News: Crypto Market Rebound and Coinbase Issues a Statement about Proprietary Trading

 

Crypto daily news

In today’s edition of Crypto Daily News, we’ll cover the details of the crypto market rebound and Coinbase’s official statement regarding the proprietary trading allegations.

Crypto Daily News: September 20th, 2018 Crypto Market Rebounds

The crypto market is rebounding this morning, after taking a sharp fall last week after rumors spread that Goldman Sachs (NYSE:GS) wasn’t focusing on a cryptocurrency trading desk. Later, GS confirmed that the news was “fake” and that the desk is, in fact, ready, but waiting for demand.

Currently, the crypto market is trading just above $200 billion. In the ...

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LINE?s Token-Powered Ecosystem: Plans have been Unveiled

 

LINE's Token-Powered Ecosystem

Plans for LINE’s token-powered ecosystem have been unveiled.†The†messaging app giant from Japan announced its new venture at CoinDesk’s Consensus: Singapore event this morning.

LINE’s plans are ambitious; it wants to†launch its new system by the end of 2018. Will it do it?

LINE’s Token-Powered Ecosystem

It can have†such ambition because LINE already has more than 164 million monthly active users across four key countries. It is this user-base that the app giant will capitalize on to launch its token-powered ecosystem.

LINE’s token-powered ecosystem centers around its previously announced† ...

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World of Ether to Save Ethereum

 

World of Ether

It’s been nine months since World of Ether sold half a million dollars of presale assets in just under 48 hours. Now, the crypto game is finally ready to show what’s been built.

This is declared by the founders to be one of the most sophisticated dApps on the market, pushing the boundaries of what’s capable on the Ethereum network.†In World of Ether’s Telegram Community recently, fans have even echoed that this game will “Save Ethereum.”

$10,000 to Try Beta

On September 22nd, 2018, World of Ether will deploy their free Beta on ...

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Zaif Exchange Hack: 6,000 Bitcoin Stolen but BTC Price Remains Steady

 

Zaif exchange hack

Are we becoming so used to hacks in the cryptocurrency sphere, that we no longer panic when they happen? It might seem so, considering Bitcoin’s price remains pretty-much unchanged despite a Zaif exchange hack last night.

Japan’s Zaif Exchange Hack

The cryptocurrency market took another hit last night when the Zaif exchange hack was announced. The heist resulted in the loss of close to 6,000 Bitcoin (BTC). MONA coin and Bitcoin Cash were also stolen. The entire stolen loot has an estimated worth of $60 million USD.

Cryptocurrency†Prices aren’t Affected

Now you would ...

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Is the Blockchain Ecosystem Heading in a Different Direction With New Technologies?

 

Blockchain Ecosystem

Bitcoin remains the primary and first use case for blockchain technology, though there remain doubts as to its efficacy as not just a currency, but also as a payment rail that can reliably facilitate global transfers.

This has led to three alternative proposals, none without their issues but all envisioning a better solution which is scalable?a key concern to be addressed if widespread adoption is ever going to be plausible.

The First Alternative: A Faster and Cheaper New Cryptocurrency

A more efficient new currency which also bases itself on blockchain technology is a popular ...

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Are We Experiencing a Ripple Rally? Price Indicates Yes

 

XRP price

The Ripple price has taken multiple hits over the past six months. Most people agree with that.†At the end of June, the XRP price was roughly $0.54. In two months, it dropped to $0.29.

But now that’s over; we’re in the midst of a Ripple rally. Or, so it appears.

After bullish news for XRP surfaced this week, the price has skyrocketed, with the altcoin currently up more than 10%. And what was that news? Well, let’s just say it involves the launch of xRapid.

Possible xRapid Launch Sends XRP Price Higher ...

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An Ongoing and Upcoming ICO List is the Tool You Need

 

Upcoming ICO List

Reddit and BitcoinTalk are flooded with the announcements of new and upcoming ICOs. The market keeps growing, but investors are becoming wary. With approximately 46% of ICOs ending in failure, how do you make sure that you?re investing in one of the 54% destined for success?

An ongoing and upcoming ICO list should be your first stop for finding information about ICO projects. Choose a site that has a robust rating system in addition to an up-to-date list, and you?ll find it easy to narrow your search down to promising projects while leaving the half-baked ideas ...

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Crypto Mining Malware Up Nearly 500% in 2018

 

Crypto Mining Malware

According to a crypto jacking report published by the Cyber Threat Alliance (CTA), crypto mining malware infections are up nearly 500% in 2018.

Crypto Mining Malware Report

The threat of illicit†cryptocurrency mining represents an increasingly common cybersecurity risk of enterprises and individuals. According to the report, the CTA found that malware detections were up 459% between 2017 and 2018.

?Combined threat intelligence from CTA members show that this rapid growth shows no signs of slowing down, even with recent decreases in cryptocurrency value,? the company writes in a†preface.

The threat ...

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Binance Crypto Exchange is Looking Global

 

Binance Crypto Exchange

The Binance crypto exchange has the highest 24-hour trade volume and is currently looking to expand into every continent in the world.

Binance Crypto Exchange Looks Global

Zhao Changpeng, Binance’s Founder and current CEO, closed out the first day of CoinDesk’s Consensus Singapore event with a fireside chat. Changpeng discussed a number of topics at the chat but focused a lot on how he grew the crypto exchange from its $15 million initial coin offering (ICO) to one of the world’s largest exchanges.

The Binance founder also discussed his next steps and future plans ...

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Cryptos in Green: Ripple (XRP) and Cardano (ADA) are Leading Today but Why?

 

cryptos in green

Ah! Cryptocurrency. Will you ever cease to amaze investors with your volatility? When it’s bad, it can be very, very bad. But when it’s good… well, it’s confusing! Sometimes there is no real reason to see cryptos in green.

Across the top ten today most coins are in the green. But why? There has been no major news or catalyst to spur on such bullish behavior.

In the top five, Ripple (XRP) and Cardano (ADA) are leading cryptos in green, currently sporting a 4.38% and 3.78% gain respectively. So let’s see why investors are ...

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How to Choose a Blockchain Platform for Your Business

 

The growing popularity of crypto investments has aroused a keen interest in blockchain technologies and their possibilities. Today, blockchain is used as a generic term, and most people associate it with Bitcoin, the cryptocurrency created using the distributed ledger technology for the first time.

However, the potential and scope of the application of decentralized ledgers have already become so much broader. Blockchains can be used independently from a cryptocurrency and can easily be modified. Anyone who knows the basics of programming is capable of creating his/her own blockchain.

When Does the Need for Blockchain Arise? ...

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Crypto in Japan: Yen-backed Crypto in the Works by Chinese Blockchain Company

 

Crypto in Japan

Japan just received some crypto-positive news, as a Chinese blockchain company just unveiled it’s working on a yen-backed cryptocurrency. Crypto in Japan has always been widely accepted, but it is quite the opposite in China?the country went as far as to create†its own cryptocurrency firewall.

The South China Morning Post reported this morning that Grandshores Technology Group is planning on raising $100 million HK in an initial coin offering to finance a yen-backed digital token.

Crypto in Japan

?Blockchain will become the mainstream technology in the next three to five years,? Yongjie Yao, ...

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Time is running out for Sears, CEO warns

 

Read full story for latest details.

Michael Kors could buy Versace in $2 billion deal

 

Michael Kors might be about to snap up Versace.

How a Romanian refugee-turned-CEO found the American Dream

 

Read full story for latest details.

Weight Watchers is changing its name to WW

 

Read full story for latest details.

SiriusXM is buying Pandora in $3.5 billion deal

 

Read full story for latest details.

Barrick is buying Randgold to create the world's top gold miner

 

The gold industry has a new king.

Sky shareholders cheer; Trade war escalates; Huge gold deal

 

1. Sky shareholders cheer: A great day for Comcast is turning into an even better one for Sky shareholders.

Comcast won a dramatic auction for Sky. But its investors aren't happy

 

Sky shareholders are having a great day. Comcast investors? Not so much.

Reliable Sources: Kavanaugh calls allegation in New Yorker story a 'smear'

 

A version of this article first appeared in the Reliable Sources newsletter. You can sign up for free right here.

Porsche eliminates diesel cars from its lineup

 

Porsche is ditching diesel for good.

Google CEO: 'We do not bias our products to favor any political agenda'

 

Google CEO Sundar Pichai responded to reports that some staff had discussed tweaking search results to show a pro-immigration bias.

Corporate America, not banks, could cause the next recession

 

1. The next debt crisis: There's a $6.3 trillion elephant in the room. And it just might cause the next recession.

Comcast outbids 21st Century Fox for Sky

 

Comcast outbid 21st Century Fox†and its powerful backer,†Disney, on Saturday in an auction for control of European broadcaster Sky.

Amazon wants Alexa everywhere

 

Amazon won't make massive amounts of money off of its new $60 Alexa-controlled microwave. Or the Alexa controlled wall clock that only sets timers. In fact, making a profit from its growing selection of Alexa and Echo devices may be beside the point.

The final battle for Sky is underway

 

An extended takeover battle involving three of the world's most powerful media companies is culminating in the most dramatic way imaginable: An auction.



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