Seven Venezuelan investors reported a case against the accused companies connected to the $30 million worth crypto Ponzi scheme. The firms including Eagle Financial Diamond Group Inc. and Argyle Coin are reported to the Florida Federal Court. The involved crypto asset in this scheme was pegged to diamond…
The President of Venezuela, Nicolas Maduro commands the leading bank Banco de Venezuela to accept the Petro crypto. He wants the bank to issue this national cryptocurrency in all of its branches. Maduro gave these orders to open desks for the Petro crypto in the branches of the Bank of Venezuela.
Cripto Conserje, a Latin American blockchain firm, has partnered with Horizen to introduce ZEN cryptocurrency to refugees and educate them about it. Under the partnership, the companies are striving to provide the affected communities with ZEN paper wallets and educating them on how to have secure access to their money irrespective of their location.
Kentucky Fried Chicken (KFC), has made an announcement that its outlets in Venezuela will be accepting Dash cryptocurrency for payments from customers. The store in the Venezuelan capital of Caracas will be the first one to implement the plan. And, later it will expand to 24 other outlets across the country.
Venezuela has announced that it will start accepting Petro cryptocurrency for selling and buying of oil. The trading of crude oil via cryptocurrency will start in March 2019. As a result of the initiative, the government will be able to trade oil in exchange for petros, thereby bypassing US-imposed sanctions.