Venezuela's President Nicolas Maduro announced that Petro's National Petroleum Cryptocurrency, secured by oil, will be used for settlements in international trade from October. These words were heard on the air of local television.
"The Petro enters ... as a currency of exchange, purchase and convertible currencies for the world," Maduro said during the broadcast.
The US federal judge ruled that the criminal case against two allegedly fraudulent primary tokens (ICO) placements is subject to securities laws.
District Judge Raymond Dearie on Tuesday ruled that the case against two allegedly fraudulent ICOs, which were carried out by a Brooklyn resident Maxim Zaslavsky, would be considered further, and the defendant's petition to dismiss the lawsuit was dismissed.
Ethereum co-founder Joseph Lubin said that he does not view the decline in the value of cryptocurrency as a constraint on the growth of the industry. In his recent interview with Bloomberg, Lubin said that the drop in prices is not a new phenomenon. It was present in the "ecosystem of the blockchain since 2009 - from the moment Bitcoin was invented."
He also noted that, despite the declining value of the cryptocurrency, price bubbles will appear to be "small bumps on the chart", because "growth was exponential".
The 2018 US China Blockchain and Digital Currency Conference at LAX Marriott Hotel on August 22, 2018 is organized by Blockchain China Connect, Artisan Business Group, Inc., and partnered with FundingPost.com. Event sponsors include Triphop, a social travel and rewards platform based out of Silicon Valley that aims to enhance the travel experience for hotel guests while simultaneously helping hotels leverage social media marketing, WONO, a reliable decentralized peer-to-peer platform for exchanging property and services and LIQNET, an exchange with unique liquidity aggregation technology. The conference is the only Sino-US investment and funding focused event for blockchain and cryptocurrency industry. Hundreds of blockchain entrepreneurs, investors, bitcoin mine operators, traders, and legal taxation experts are expected to attend, and it will provide a great platform for peer-to-peer networking and exploring investment, finance, business and collaboration opportunities between the U.S., China and other countries.
The Committee of the European Parliament on Economic and Monetary Affairs has published a document, according to which it is proposed to create new rules for the primary placement of tokens (ICO).
Ashley Fox, a member of the European Parliament representing the UK, drafted a bill on the proposed regulation rules for European companies and operators of crowd-hosting platforms.
On August 23, a new event for the blockchain specialists called DeCenter # CryptoBBQ ("Cryptobarbecue") will start on the territory of the Moscow BEREZY PARK. This is the first visiting conference from the CryptoEvent team and DeCenter, which will host 30 master classes from famous speakers from Russia, Europe, Asia and the USA, as well as a crypto exhibition. In addition, participants are offered summer entertainment, networking and a ton of barbecue.
One of the founders of Finder.com, 26-year-old entrepreneur Fred Schebesta plans to open a cryptocurrency bank in Australia. In his opinion, interest in the cryptocurrency is growing in the country and very soon people will need an institution that can meet their needs in this area.
American economist, Nobel laureate, as well as ardent cryptocurrency skeptic Paul Krugman once again criticized the cryptocurrency and its supporters.
Krugman, who previously called Bitcoin "evil", said that the cryptocurrencies are the embodiment of economic regression that discards the financial system for 300 years ago. According to him, in Bitcoin, he is confused by two things: transactional costs and "no binding".
According to Michelle Chivunga, the regional adviser to the British Blockchain Association, international trade, identification and financial isolation are the main areas that can be improved with the help of blockchain technology.
During a lengthy interview at the Delivering Alpha conference in New York, former adviser to US President Donald Trump Steve Bannon said he owns Bitcoins and reminded him that he was working to create his own cryptocurrency.
"I like Bitcoin. I own Bitcoin," Bannon said at the conference, but he did not specify the amount of cryptocurrency he owns.Enter heading here...
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