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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds over fiat.

“As of next Monday, Venezuela will have a second accounting unit based on the...

Square’s Cash App Now Supports Bitcoin Trading in All 50 States

Mobile payment company Square is expanding its bitcoin trading supportto all 50 states through its Cash App. This means that residents in all corners of the U.S. can utilize the platform to purchase and sell the digital currency.

The company was co-founded in 2009 by tech entrepreneur Jack Dorsey, who also heads Twitter. Last March, Dorsey was quoted as saying that...

South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech

South Korea Budgets Nearly $4.5B for Blockchain, Emerging Tech

South Korea is planning to invest nearly $900 million next year to accelerate the development of blockchain, artificial intelligence and other emerging technologies.

In an August 14, 2018, press release from the 5th Ministerial Meeting entitled Growth...

Pantera Capital’s Third Venture Fund Raises $71M, Eyes $175M

Blockchain investment firm Pantera Capital recently launched its third cryptocurrency fund. Known as Venture Fund III, the company completed all necessary filings with the U.S. Securities and Exchange Commission (SEC) last Wednesday, and the event is already making impressive headway in the cryptocurrency space. So far, the fund has garnered over $71 million from roughly 90 different investors.

But this capital is just a small fraction of what the fund’s executives feel it can accrue...

U.S. Crypto Investment Firm Attracts $22M in Series A, Looks to Expand Services

Los Angeles-based cryptocurrency investment firm SFOX has raked in roughly $22.7 million in its Series A funding. The round was headed by venture platforms Social Capital and Tribe Capital and earned the participation of other firms like DCG, SV Angel, Blockchain Capital and Y Combinator.

SFOX caters specifically to professional traders, high net-worth individuals and institutions. As a prime dealer...

BITCOIN PRICE - LIVE: MARKETS STEADY AFTER ETHEREUM AND OTHER CRYPTOCURRENCIES COLLAPSE

Bitcoin is recovering after reaching close to its lowest price of 2018, which resulted in a cryptocurrency market crash that saw ethereum, ripple and other digital currencies to tumble in value.

The collapse followed bitcoin's worst ever start to a year, having traded close to $20,000 as recently as December.

The notoriously volatile cryptocurrency continues to behave unpredictably – this live blog will be regularly updated with the latest news and significant changes.

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Bitcoin May Be Down, But Miners Remain True

As Bitcoin faces downward market pressure, the price of the world’s most dominant virtual currency is likely to have crossed below the break-even point for crypto miners, according to most analysts. This, however, has not stopped their activity as the cryptocurrency mining industry is in it for the long haul.

 

Bitcoin Miners Keep on Activity Even Below Break-Even

Bitcoin mining stopped being a thing of amateur cryptocurrency enthusiasts in their basements to become an...

Prominent Analyst: Bitcoin and Crypto Aren’t Heading Upwards, Big Drop Before Big Rally

lthough the crypto market saw a resurgence on Wednesday, with assets like Bitcoin posting 5 percent gains, the market remains in “purgatory,” where analysts aren’t too sure where prices will move next.

The Tracker One ETN May Be Good News, But Bitcoin Isn’t Heading Upwards

As reported by NewsBTC on Thursday, a Swedish Bitcoin exchange-traded note (ETN) recently...

Pantera Capital Already Raises Over $70 Million for Its Third Crypto Fund

Pantera Capital, one of the largest US-based institutional holders of cryptocurrencies, has already raised more than $70 million for its third crypto fund. And the first investment by Pantera Venture Fund III went to Intercontinental Exchange’s Bakkt.

Also Read: The Daily: McAfee’s “Unhackable” Wallet Is...