Venezuela to Create Petro-Pegged Fiat Currency Next Month

According to President Nicolas Maduro, Venezuela, battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to...

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According to President Nicolas Maduro, Venezuela, battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to ‘petro’ cryptocurrency that is, in its turn, pegged to oil next month. The local news outlet Telesur reported, that the new fiat currency, called the Bolivar Soberano (Sovereign Bolivar), is considered...

Crypto Fraudster Gets $1.9M Fine

The Commodity Futures Trading Commission (CFTC) has been successfully working on identifying crypto perpetrators, with a case it recently brought resulting in a hefty fine for the...

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The Commodity Futures Trading Commission (CFTC) has been successfully working on identifying crypto perpetrators, with a case it recently brought resulting in a hefty fine for the offender. The CFTC announced  July 23, that the defendant in its latest lawsuit, a company called The Entrepreneurs Headquarters (TEH), will have to pay over $1.9 million in civil monetary penalties and...