EXCHANGES

Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus

[ad_1] Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also claims there are 27,000 petro affiliated businesses. Also read: Indian Supreme Court Wraps up Crypto Hearing for the Year Venezuelan Pensioners’ Christmas Bonuses to Be Paid in Petro
BLOCKCHAIN

OneCoin Fugitive Cryptoqueen Allegedly Paid $50 M to Lawyer to Launder Funds

[ad_1] United States prosecutors told a Manhattan jury that lawyer Mark S. Scott was paid $50 million to help OneCoin co-founder and current fugitive Ruja Ignatova launder $400 million.On Nov. 20, Law360 reported that the Manhattan U.S. attorney's office and the New York County district attorney's office are in the last phase of prosecuting Scott,  a former partner at law firm Locke Lord, who allegedly received $50 million to launder
BLOCKCHAIN

US Think Tank Releases Report on Investigation Into Illicit Transactions on the Dark Web

[ad_1] United States think tank The Rand Corporation has taken a closer look at the dark web, where criminal activities are difficult to discover, monitor, and investigate for law enforcement.On Nov. 20, The Rand Corporation, the Police Executive Research Forum, and the University of Denver on behalf of the National Institute of Justice released a report that dives into a variety of criminal aspects of the so-called dark web.Dark web
Business

PayPal CEO Hodls Bitcoin and Only Bitcoin

[ad_1] Dan Schulman, CEO of payment processor PayPal, revealed during an interview that he does indeed own Bitcoin (BTC).On Nov. 20, Fortune reported that PayPal CEO Dan Schulman stopped by its offices where he discussed a variety of topics, including the reason for PayPal’s withdrawal from the Libra Association and whether he is the proud owner of any cryptocurrencies.PayPal was the first to leave LibraSchulman explained that PayPal withdrew from
EXCHANGES

Paypal CEO Admits He Owns Bitcoin

[ad_1] The CEO of Paypal, Daniel Schulman, has revealed in an interview that he personally owns bitcoin. He also talked about Paypal’s plans regarding cryptocurrency, how to achieve mass adoption, and why Paypal decided to leave Facebook’s Libra project. Also read: US to Strictly Enforce Crypto Rules Similar to FATF Guidelines Schulman Owns Bitcoin Daniel Schulman, the president and CEO of Paypal, admitted in an interview with Fortune last week
Business

Bitcoin More Attractive During Times of Global Uncertainty

[ad_1] John Pfeffer, founder of Pfeffer Capital, together with Travis Kling, founder and CIO of Ikigai Asset Management and Charles McGarraugh, head of markets for Blockchain, discussed Bitcoin (BTC) in the context of Brexit, trade wars and geopolitical uncertainty.On Nov. 20, the panel of three sat down for an interview with Bloomberg’s Alastair Marsh at the Future of Digital Assets briefing in London, where they took a closer look at
BLOCKCHAIN

With 7,600 Blockchain Patent Applications, Chinese Firms Far Outpace US

[ad_1] Measured by patent applications in the sector, China is handily outpacing other countries including the United States in blockchain technology.On Nov. 20, Japan-based financial newspaper Nikkei reported that Chinese companies submitted around 7,600 applications between 2009 and 2018 — about three times as many as U.S.-based companies.A total of 12,000 blockchain applicationsAccording to Tokyo-based research firm Astamuse, the U.S., China, Japan, South Korea and Germany together submitted around 12,000 blockchain-related
BUY/SELL

Doom or Double Bottom? — Bitcoin Price Support at $7.8K Is Key

[ad_1] Bitcoin’s (BTC) price action continues to be less than impressive unless one is a bear capitalizing on the current shorting opportunities. Bulls pinned their hopes on BTC price breaking out of the falling wedge in a strong upside move since the consensus was that this particular pattern tends to produce bullish outcomes more often than not. This was not the case and Bitcoin price toppled below the descending trendline to
EXCHANGES

Devs Reveal BCH Cashchannels and Simple Escrow Contracts

[ad_1] Bitcoin Cash (BCH) supporters have been introduced to two new concepts that allow people to leverage the BCH network in a variety of innovative ways. On November 15, former Bitpay developer Jason Dreyzehner revealed his recurring payments system for BCH called Cashchannels. A few days later, on November 18, Karol Trzeszczkowski published a plugin for Electron Cash that allows a user to create a simple escrow contract. Also read:
BLOCKCHAIN

Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

[ad_1] Bitcoin.com, the Bitcoin (BTC)-related firm backed by crypto evangelist Roger Ver, is planning to launch its $200 million Bitcoin Cash (BCH) investment fund.Ver has announced the news speaking at a Bitcoin Cash meetup in London on Nov. 19, as he tweeted on Nov. 20. The event was hosted by major global crypto wallet Blockchain.com. The new Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services