Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus

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 The Venezuelan President and the leader of the United Socialist Party Nicolás Maduro has revealed that the government plans to give…

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

Former Locke Lord LLP partner allegedly received $50 million to launder $400 million for OneCoin co-founder and current fugitive Ruja Ignatova. 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…

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

Think tank The Rand Corporation has released a report on investigating illicit transactions on the dark web, including the use of cryptocurrencies. 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…

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PayPal CEO Hodls Bitcoin and Only Bitcoin

CEO of payment processor PayPal Dan Schulman revealed during an interview on PayPal’s departure from Libra that the only cryptocurrency he owns is Bitcoin. 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 Libra…

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Paypal CEO Admits He Owns Bitcoin

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 that he personally owns bitcoin. He joined Paypal in 2014 to lead it as an independent company from Ebay Inc. Schulman…

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Bloomberg Panel: Bitcoin More Attractive During Times of Global Uncertainty

Guests on a Bloomberg panel agreed that Bitcoin becomes more attractive during times of irresponsible monetary policies from central banks and governments globally. 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…

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

Chinese companies submitted around 7,600 blockchain patent applications between 2009 and 2018, about three times as many as U.S.-based companies. 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 applications According to Tokyo-based research firm Astamuse, the U.S., China, Japan, South Korea and Germany together submitted around…

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Op Ed: Equity Funding Is Still a Good Old-Fashioned Way to Raise Capital

In 2017, the world hit a fever pitch with ICOs; a concept that was only three years old had taken the crypto internet by storm.  From the outset, the initial coin offering (ICO) as a concept was beautiful. It took away the barriers to invest for the average person. It enabled anyone to support not only startups and open source projects but, for the first time, protocols. The problem was that almost all the temporary glitch moonshot returns that made headlines came from the pure speculation of the token during…

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

Bitcoin’s drop below $8k increases the change of a visit to the 61.8% Fibonacci retracement level at $7,845. Is a bounce incoming? 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…

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Bitcoin.com Launches $200M Bitcoin Cash Investment Fund

The new $200 million Bitcoin Cash Ecosystem Fund will focus on payment solutions and non-custodial financial services for Bitcoin Cash. 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…

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