In Venezuela, citizens reportedly now need to use the country’s new Petro digital currency to pay for passports, Coindesk reported. A new passport will now come at the cost of two Petros, which is equivalent to 7,200 of the country’s bolivar currency. President Maduro Petro...
Intesa Sanpaolo, Italy’s second largest financial institution (FI) — along with 13 other banks — has completed the first phase of an interbank blockchain trial. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Overstock subsidiary Medici Ventures is investing in VinX , which is making a blockchain solution that monitors the ingredients of wine on their journey between the vineyard and the glass, according to reports. The idea is to enable wine futures to be sold and traded on...
Hackers have minted 235 million fake tokens of the digital Pigeoncoin currency by taking advantage of a bitcoin bug, The Next Web reported. As a result, the hackers were able to circumvent the cryptocurrency’s set supply of 21 billion coins. The hackers have not sold...
Crypto research site Diar claims that startups in the digital currency and blockchain space have notched roughly $3.9 billion in funding via venture capital (VC) investments, CoinDesk reported. The figure, which represents investments over the first, second and third quarters, marks a 280 percent jump...
Big initial coin offering (ICO) projects studied by Bitmex may have avoided the crash in Ethereum prices by converting their resources in the digital currency to fiat currency, reports said. Bitmex noted that the difference between the total Ethereum raised versus the amount cashed into fiat...
The end of this month, Oct. 31, 2018, will mark the 10th anniversary of the day that a link to a paper, authored by Satoshi Nakamoto, describing the digital currency called bitcoin was first publicly circulated. Get the Full Story Complete the form to unlock...
Ripple (XRP) has overtaken Ethereum within the last 24 hours, with a 7 percent surge in price for a market valuation of $24.28 billion. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Ripple is expanding its social impact program, dubbed Ripple for Good, and will focus its efforts on education and financial inclusion, the company said in an announcement. To that end, the blockchain firm said it is committing an additional $25 million to the program on...
