Invest in Gold and Crypto Petro, Venezuela’s President Tells Public in Fresh TV Plug

The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports. In a television broadcast, Maduro said that “in the coming weeks,” workers would begin receiving bonus payments “based on” Petro, rather than extant …

Bitcoin Hedge Fund and CEO Slapped With $2.5 Million Penalty for Ponzi Scheme

A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating a fraudulent Ponzi scheme, according to an official announcement published Oct. 18. GBI is a New York-based corporation and denominated Bitcoin (BTC) hedge fund incorporated in 2014. As stated …

‘Cryptocurrency Fever’ Has Begun to Diminish, Russian Central Bank Head Says

The head of Russia’s central bank, Elvira Nabiullina, believes that “crypto fever” is beginning to diminish, major Russian news agency RIA Novosti reports Thursday, Oct. 18. Nabiullina, while speaking at finance innovation forum Finnopolis held in the South Russian city of Sochi, said that she believes cryptocurrencies and blockchain are now being treated more rationally: …

DLT Falls Short of Meeting Financial Market Demands

The World Payments Report 2018 published Oct. 16 has found that distributed ledger technology (DLT) is not currently capable of meeting financial market demands. The annual report was jointly compiled by consulting and technology services firm Capgemini and leading European bank BNP Paribas. To prepare the report, researchers conducted an assessment based on multiple criteria, …

Redditors Accuse Amex of Sponsoring Anti-Crypto Tweets, But Proof Inconclusive

Reddit users have alleged that American Express (Amex) has sponsored crypto-skeptical content on Twitter, according to a popular forum thread opened Tuesday, Oct. 16. The tweet in question was allegedly circulated through Bloomberg’s Twitter network “TicToc” on Oct. 11, and was reposted as a screenshot to Redditor u/Alexsayzz’s thread titled “Anti-crypto propaganda… promoted by American …

Cryptocurrency Market Prices Could Increase Tenfold by 2020

Cryptocurrency markets could increase ten times over from 2020, blockchain investment firm and hedge fund Pantera Capital’s co-CIO told Bloomberg Tuesday, Oct. 16. Speaking in an interview, co-CIO Joey Krug said that scalability improvements for Bitcoin (BTC) were essential to spark a shift in the deflated prices seen throughout this year. He told the network: …

AI-Driven Platform ‘Outperformed Stock Markets’ – And Now, It Is Focusing On Crypto

What if the volatility of cryptocurrencies could be eliminated, making crypto more of a feasible, mainstream investment? An established fintech company is working to achieve just that. Rise, which was founded in 2012, is planning to adapt its artificial intelligence (AI) trading technology to the cryptocurrency markets – enabling users to manage their investments and …