Bitcoin News and Finance: What You Need to Know

The pensioners of the state-owned oil company of Venezuela, PDVSA, have started receiving a Christmas bonus in petros (PTR), the first national cryptocurrency launched back in 2018. The petro, which is backed by Venezuelan oil and other resources, can be traded in local exchanges for these pensioners to access fiat currency, as the reach of the currency as a means of exchange is still limited according to local reports. Venezuelan Pensioners To Get 2 Petros This Christmas A group of Venezuelan pensioners stemming from the PDVSA, the state-owned oil company, will receive a bonus paid in petro (PTR), Venezuela’s national cryptocurrency launched back in 2018. The pensioners will receive this bonus as a Christmas gift via the Motherland platform, where they will be able to manage the two Petro (worth approximately $120) that started being deposited on December 23. The pensioners destined to get this bonus will receive an alert via the platform so they can move their two PTR out of it.

This week, bitcoin’s market dominance among the market capitalization of all 12,046 crypto assets in existence has been hovering above 38%, while ethereum’s overall valuation commands 19% dominance. A report published on Monday shows that since 2014, the market share of altcoins surged threefold from 21% in 2014, to today’s market share of 62%. Report Says ‘Tide Is Turning,’ Altcoins Are ‘Making Ground on Bitcoin’ A report published by tradingplatforms.com and author Edith Reads shows that altcoins have swelled in value over the last seven years. The author’s report explains that “the tide is turning” and altcoins are “making ground on BTC as their popularity continues to soar.” It is well known that since bitcoin’s inception, BTC ’s market dominance among all the other crypto assets in existence has been over 80% until February 2017. On February 26, 2017 , BTC had a market dominance rating of 86% and it’s never returned to above the 80% range since that day. “Since 2014, the m

The digital currency cardano has jumped over 8% in value during the last 24 hours and 25% over the last seven days. The price move follows an update on Charles Hoskinson’s and IOHK’s plans for the Cardano network in 2022. Charles Hoskinson’s 2022 Cardano Outlook: ‘A Formal Open-Source Project Structure Is Going to Be Formed’ Cardano ( ADA ) supporters were pleased to get two updates from IOHK, the team behind the crypto project’s development. On December 24, the founder of Cardano, Charles Hoskinson, spoke for 30 minutes in a new video explaining some of his goals for the next year. “My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano,” Hoskinson said during his video. Hoskinson further noted that a formalized open-source system would be introduced that would be similar to Linux. “A formal open-source project structure is going to be formed, kind of like Hyperledger to Linux,” the Cardano

PRESS RELEASE. GensoKishi Online, which intelligently integrates GameFi with the popular MMORPG Elemental Knights, today announced a partnership with TrustPad, who will help promote GensoKishi on its popular platform and publicise this opportunity to its broad range of investors. TrustPad is the first decentralized multi-chain fundraising platform which enables projects to raise capital whilst promising ease-of-access and safety to early stage investors. In an additional benefit of this partnership, GensoKishi will receive the full support from the DeFi Launchpad Association. GensoKishi, a game that derives from a series that has been available to play since 2008 and has already accumulated 8 million downloads in total, was due to list their MV governance token on DEXs this month (Uniswap and Quickswap). Having consulted with their launchpad partners they have decided it would be best to delay the IDO to take full advantage of the increased marketing, awareness and new players th

The Central Bank of Russia is currently reviewing various ways to prevent Russians from investing in cryptocurrency. One the options on the table is to block card payments to certain recipients such as crypto exchanges, a media report has unveiled. A recent meeting at the State Duma has indicated, however, that the authority’s hardline stance is not backed by other government institutions in Moscow. Russia’s Central Bank Considers Mechanisms to Limit Crypto Investments In talks with financial market participants, the Central Bank of Russia (CBR) has been discussing several approaches to restricting access to cryptocurrencies for domestic investors, the Russian edition of Forbes magazine has revealed, quoting sources familiar with the matter. According to Andrey Mikhaylishin, founder of a crypto project tested in the regulator’s sandbox, one of the options under consideration is to block card payments to crypto platforms. The monetary authority may try to oblige banks to stop transa

A Colombian real estate platform is now allowing users to purchase properties with Bitcoin. The platform, called La Haus, is promoting bitcoin payments for a new real estate project in Santa Marta, called Natura City. This is an expansion of the platform, which has already established such a service in Mexico. La Haus to Allow Colombian Citizens to Buy Real Estate With Bitcoin A Colombian real estate platform, La Haus , is enabling bitcoin investors to buy real estate with the cryptocurrency directly. To kickstart this initiative in the country, the platform is featuring a new housing project in an exclusive part of Santa Marta, called Natura City . The location is less than 200 meters from the Colombian beaches and construction of the complex is estimated for completion by 2025. La Haus partnered with payment processor OpenNode for this task and allows users to pay for the properties via Lightning Network or on-chain, depending on the needs of the buyer. The buyer can pay 100% in

2021 is coming to an end and one prominent theme this year in the world of cryptocurrencies and blockchain technology most definitely belongs to non-fungible token (NFT) assets. This year NFTs became a billion-dollar industry and many NFTs have sold for millions of dollars. The following is a look at the top ten NFTs, in terms of sale value in 2021, as they are considered the most expensive NFTs on earth. 2021’s Top 10 Most Expensive NFTs Billions of dollars in digital assets have been traded for NFTs and various collections have significantly sized market valuations. For instance, according to dappradar.com metrics , the Axie Infinity NFT collection has captured $3.81 billion across 11.4 million sales. Cryptopunks is the second-largest NFT collection in terms of overall sales with $2.32 billion. The Cryptopunks collection itself has a market capitalization of around $3 billion today, while Bored Ape Yacht Club’s market cap is $2.5 billion. There’s also a list of the most expensiv