The Brexit Deal, a Tumbling Pound, and a Ceaseless Crypto Bloodbath

Twitter Facebook LinkedIn At long last after two-and-a-half years of negotiations in a painful process that can only be described as watching a slow-motion train wreck, a Brexit deal has been struck–a tentative one, at least. However, instead of cracking open the champagne, the pound has tumbled against the dollar, ministers are resigning left and …

MasterCard Indian Government of Protectionism in Favor of Native RuPay

Twitter Facebook LinkedIn Reuters reports that Mastercard has formally complained to the US government that the Indian government is deliberately promoting domestic payment networks over international ones like Mastercard and that the Prime Minister, Narendra Modi, has actively used nationalism in promotion of payment processing network RuPay. According to the report, Mastercard and Visa are …

Bitcoin Venezuela on Why the Petro Isn’t Even ‘Backed by Trust’

Randy Brito is the head of Bitcoin Venezuela, a non-profit organization dedicated to educate and promote Bitcoin in Venezuela. He is also spearheading the Locha project, which he describes as “an effort to push the needed developments and research for achieving the hyperbitcoinization in Venezuela.”  Brito also sees a use case for bitcoin in countries …

India Won’t Pay for Venezuelan Oil With ‘Petro’ Cryptocurrency

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Despite being offered a reported 30% discount in crude oil imports from Venezuela for payment in petro, India has no plans to use the South American nation’s cryptocurrency after being hindered by its central bank crypto curbs. Indian foreign minister Sushma Swaraj …

Price-Stable Cryptocurrency Project ‘Basis’ Raises $133 Million in Funding

Join our community of 10 000 traders on Hacked.com for just $39 per month. Basis, formerly Basecoin, has raised $133 million in a private placement, chief executive Nader Al-Naji revealed today. The Hoboken, N.J.-based project plans to create a stable cryptocurrency with an algorithmic central bank that will keep the price stable, something that has …