Venezuela making oil backed cryptocurrency as its economy implodes

Venezuela is creating its own “petrocurrency,” backed by reserves in oil, gas, gold and diamonds. It will enable Venezuela “to advance in monetary sovereignty, carry out its financial transactions to overcome the financial blockade,” Maduro said. The black market rate for one dollar weakened to 103,000 bolivars on Friday compared with 10,000 at the end …

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Blockchain identity management could replace passwords and fix many hacking problems

IBM, other large companies and startups are working on a global shift to decentralized identity that is built on blockchain technology. This would mean a person would control their digital identity and would not need to use passwords for systems that interfaced with the ID system. Blockchain provides distributed ledger technology as the foundation for …

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Amazon, Alibaba and Tencent could make ultimate cryptocurrencies

Many believe that Bitcoin with a price over $10,000 and a market valuation of $176 billion are unstoppable and will remain the dominant cryptocurrency. In the past there were other products and companies who were commonly believed to be insurmountable in their dominance. Netscape for browsers. Internet Explorer for browsers. Yahoo in search. IBM in …

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Bitcoin $10,000 milestone is very near

Bitcoin has gotten as high as $9929 today. It is hovering just shy of the $10,000 milestone. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, …

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Bitcoin between $9500 and 9800 and could easily surge past $10,000

Bitcoin is trading between $9500 and $9800 today and could easily surge past the $10,000 milestone. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial …

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Bitcoin has another record as it passes $9400 and could reach $10,000 in days

Bitcoin has passed $9400 and has reached $9481. The combined market value for all cryptocurrencies is nearing $300 billion. Bitcoin’s market capitalization is now $157 billion. Brian WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It …

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