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Venezuela Petro To Be Used For Purchase Of Auto Parts From Russia

BitcoinNitish SinghApril 4, 20180

Officials from Venezuela and Russia recently got together at a high-level meeting in Caracas where they talked upon different aspects of a “strategic partnership” to expand the economic cooperation between the two countries. Multiple topics were covered amongst which the most interesting being the use of Petro - Venezuela’s state-issued cryptocurrency, to buy automobile parts…

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Russian Hotels To Take Bitcoin Payments for 2018 Fifa World Cup

BitcoinNitish SinghApril 3, 20180

A chain of Russian hotels in the city of Kaliningrad has seen the recent interest in people with regards to cryptocurrency. They are hoping to capitalize on this trend during the 2018 Fifa World Cup. The hotels are hoping to lure in football fanatics, who also happens to be crypto enthusiasts to stay at their…

Cybercriminals Arrested By Spanish Police For Cryptolaundering

BitcoinNitish SinghMarch 28, 20180

A gang of Russian and Ukrainian criminals allegedly robbed multiple global financial establishments for USD 1,24 billion and then laundered the money converting it into Bitcoins. A very intricate plan which lead the group to avoid getting caught for a long time. Luckily, the Spanish Police managed to apprehend these cybercriminals, putting an end to their…

Russian Parliament Passes Law Which Sees Cryptocurrency as “Quasi-Money”

BitcoinNitish SinghMarch 25, 20180

At its inception, Cryptocurrency was initially introduced as an alternative to traditional currencies, viz a viz, as a decentralized currency. However, as the market evolved, so did the opinion surrounding the virtual currency. While a group of people still see it as an alternative to fiat money, others consider it as a property or asset….

MasterCard is Open to Using Central Bank Issues Cryptocurrencies

BitcoinNitish SinghMarch 20, 20180

Ari Sarker, the co-president of MasterCard’s Asia Pacific business said that the financial service is ‘very happy to look at’ the use of cryptocurrencies, but they need to be issued by central banks. Here is what the senior executive at MasterCard said to the Financial Times: “If governments look to create national digital currency we’d…

Russia Set to Finalize Bitcoin Regulation by July

BitcoinNitish SinghMarch 7, 20180

Russia seems to be the next country on the list to pass bitcoin regulations. On 5th, March, Vladimir Putin, Russian President announced plans to put cryptocurrency regulations in place by July 2018. This regulatory action will define the future of bitcoin and all other digital currencies in the country. Talks of passing crypto regulations have…

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