Cryptocurrency News

Venezuela has finally officially launched its cryptocurrency called El Petro. According to the country’s President Nicolas Maduro, the Petro is the first ever cryptocurrency that is state backed and mineral-reserves-backed.

In the latest cryptocurrency news, a bipartisan group of U.S. senators is now pushing for tighter sanctions in response to Venezuela’s state-backed cryptocurrency. The latter is known as the Petro.

Yale University, which is known to have invested in a range of assets such as Puerto Rican bonds to New Hampshire timber, is now entering the cryptocurrency market. According to an anonymous source, the Ivy League school is one of investors that has helped a major new crypto fund raise $400 million.

BlackBerry, that software company that once used to make a line of mobile phones that dominated the smartphone market, announced that it was launching a new Blockchain platform focused on the healthcare industry.

According to the latest news reports, the Israel Securities Authority (ISA) announced on Wednesday that the agency had started using Blockchain technology to enhance its cybersecurity measures and also to meet challenges related to information security.

According to another report by Wall Street Journal, bots, also known as automated trading programs, are manipulating the price of cryptocurrencies on exchanges.

xRapid, Ripple’s crypto product for international payments is now commercially available and is going live with three financial institutions on board.

While 2017 saw a huge increase in cryptojacking, reports show that that figure has exponentially increased in 2018. According to the Cyber Threat Alliance’s September report, cryptojacking has gone up by as much as 500% this year.

In the latest cryptocurrency news, the Commodity Futures Trading Commission or CFTC recently filed charges against two defendants. The latter individuals are allegedly going to a number of lengths in attempts to steal Bitcoin.

According to a recent Wall Street Journal (WSJ) investigation published on Friday, about $88.6 million has been laundered using 46 different cryptocurrency exchanges.