Roundup – 13/11/2018 – Venezuela Promotes Petro to OPEC Countries as a Unit of Account & more

Venezuela Promotes Petro to OPEC Countries as a Unit of Account

Manuel Quevedo, Venezuela’s petroleum minister, stated that the Petro is part of Venezuela’s program of economic recovery. He further made some confusing statements about the future of Petro in the OPEC states saying that “[w]e will use Petro in OPEC as a solid and reliable currency to market our crude in the world…”. Quevedo said this at the headquarters of the National Superintendence of Cryptoassets and Related Activities (Sunacrip) in Venezuela. So far, there is no statement by OPEC representatives regarding the Petro.

Companies Rediscover Halal Investment in the Cryptocurrency Sector

Ever since the ICO craze of last year. It has become evident that investment firms can make lucrative profits by just offering halal financial products. A company can call itself islam friendly or halal if a muslim rating agency like the Shariyah Review Bureau (SRB). This agency is licensed by the Central Bank of Bahrain. Lately, there was an investment scam in India that targeted Muslim investors with halal investment opportunities. However, the scam has been busted. The latest cryptocurrencies that gained the halal certificate by the before mentioned SRB is the Swiss stablecoin XR8 and the Ripple rival Stellar XLM.

Bekryl Research: Global Crypto Markets To Grow By 43.7% On The CAGR Scale

Cryptocurrency markets are projected to surge by 43.7% on the compound annual growth rate (CAGR) scale according to a research by Bekryl. The main causal factor for the positive trend is the increasing rate of evolution and sophistication of Blockchain technology. As DLT evolves, platforms with native Cryptocurrencies become more safe and secure. This and other factors attract more Crypto users and eventually lead to an overall growth.

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Number of Cryptocurrency ATMS Spikes to More than 4,000 Worldwide

The cryptocurrency market went crazy when the first cryptocurrency ATM was launched. Since then, the number of cryptocurrency ATMs have been increasing at a high rate thanks to the growth of the market and adopt of Bitcoin worldwide. Read more.

Blockchain Technology Is Becoming Increasingly Popular In The Banking Industry

All over the world, banks are adopting or testing Blockchain-based systems. Banking experts believe that these institutions are leveraging on the many proven benefits of DLT that are already transforming other industries such as gaming, real estate, e-commerce, insurance, just to mention but a few. Read more.