According to Reuters, Venezuela now depends on cryptocy for oil sales after the U.S. imposed new sanctions, which concerns many. The latest news coming from the Venezuelan state oil company PDVSA is that it will explore more crypto trades for oil exports.
A report by Venezuelan opposition politician Leopoldo Lopez along with Kristofer Doucette advises democratic authorities to respond to the misuse of Venezuelan cryptocy by Nicolas Maduro’s administration.
Doucette, a national security leader at Chainalysis, stressed the need to have concrete anti-money laundering measures. “Structures must be set up to combat this type of money laundering,” He stated
In areas where traditional banking systems do not exist, the adoption of cryptocy enables financial transactions. However, corrupt regimes can use the anonymity of the crypto market for illegal activities.
The American Bankers Association (ABA) has sharply criticized the Office of the Comptroller of the…
President Donald Trump and his family's cryptocy company, World Liberty Financial (WLFI), are facing a…
Aerodrome Finance and Velodrome, two of the leading decentralized exchanges (DEXs) on Base and Optimism,…
OpenAI's artificial intelligence models helped uncover two critical security vulnerabilities in PHP, the programming language…
SoFi Technologies has launched SoFi Earn (SOFIE), a new blockchain-based banking product that allows consumers…
Microsoft, Google's parent company Alphabet and Goldman Sachs have joined a growing list of major…