Venezuela is perched on the edge of an economic collapse, and is trying to float its own cryptocurrency. The “petro” will leverage the country’s vast oil reserves as currency. Analysts, and elements of Venezuela’s own government, have profound doubts about the plan.
Andhra Pradesh has signed a Memorandum of Understanding with Covalent Fund, to start a blockchain ecosystem. The partnership will also soon launch a blockchain university, with a $10 million initial investment.
A cargo of US soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain. Louis Dreyfus Co, Shandong Bohi Industry Co, ING, Societe Generale and ABN Amro took part in the trade where the sales contract, letter of credit and certificates were digitalised on the Easy Trading Connect (ETC) platform.
It’s quickly becoming apparent that blockchain technology is about far more that just Bitcoin. Across finance, healthcare, media, government and other sectors, innovative uses are appearing every day. This article is a list of 35 Blockchain-applications.
Start-up companies today must answer an important question: Should they pursue traditional venture capital with its predictability and limitations or turn to ICOs where there is quick money, volatility and innumerable unknowns?
While the heat builds up on local cryptocurrency trading here, and the government approaches a decision on whether or not to ban it, the Financial Consumer Agency (FCA) has said it would be illegal for the country to halt trades of the digital coins.
As interest in cryptocurrencies such as bitcoin, ethereum and ripple continues to grow, it is only a matter of time before the government considers taxing transactions and trading gains made on these assets.
Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality.
Disclaimer. This article/email is for informational purposes and should not be considered investment advice. Statements and financial information on Nami web/email and Nami related sites do not necessarily reflect the opinion of Nami and should not be construed as an endorsement or recommendation to buy, sell or hold.
While we aim at providing you all important information that we could obtain that may include certain information taken from exchanges and other sources from around the world, readers should do their own research before taking any actions and carry full responsibility for their decisions.Trading and investing in digital assets like cryptocurrencies is highly speculative and comes with many risks. Past performance is not necessarily indicative of future results.
Nami may provide links to third-party websites, including social networking websites. Since we do not control third-party sites and are not responsible for any information you may provide while on such sites, we encourage you to read the privacy policies on those websites before providing any of your information on such sites.