The Petro Experiment Might Not be Doomed Just Yet

The Bank of Venezuela, Venezuela’s largest banking institution, has provided support for Petro, the digital asset sponsored by the country’s government.  Late last week, tech news medium Decrypt reported the development, claiming that the bank has provided a new section on its online banking platform that’s dedicated to cryptocurrencies.  As at press time, the …

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Colombian Regulations Need to Make Some Space for Bitcoin

Just like several other countries in the world, Colombia doesn’t have a clear regulatory guideline on digital currencies. Crypto firms and traders enjoy no legal protection and can’t claim to have legal status in the country. Some lawmakers are trying to shake up the status quo and make Colombia a crypto-friendly nation. …

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Investor Points to Liquidity Insufficiency as Catalyst for Crypto Adoption

In a piece for news medium Forbes Magazine, Clem Chambers, the chief executive of investment and stock trading platform ADVFN, expressed his belief that a lack of sufficient liquidity will eventually drive the adoption of cryptocurrencies.  Chambers put several crises in perspective in his piece, beginning by comparing the global cash flow crisis that …

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Florida Businessman Embezzled Funds to Pay His Gambling Debts

A Florida businessman who solicited over $20.5 million from investors from his coupon app is facing scrutiny from US regulators. However, the Securities and Exchange Commission (SEC) suggests that he embezzled those funds to pay off his gambling debts. Groupon competitor loses it all The Gerald C. Parker is based in Palm …

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SEC Settles With Decentralized Storage Network

The United States Securities and Exchange Commission (SEC) is tying up some loose ends in an investigation and nailing bad guys all day. On October 1, the financial watchdog posted a press release revealing that it had reached a settlement with Nebulous, the firm which developed the infamous Sia decentralized cloud storage network.  An unregistered …

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