cryptocurrency


Singapore firm to mint Islamic cryptocurrency backed by gold

Singapore-based fintech company HelloGold has received certification for its gold-backed virtual currency that entirely complies with Sharia law. The company has been granted permission to operate its cryptocurrency product GOLDX by Malaysia-based Islamic finance consultancy Amanie Advisors. The new digital currency was introduced by HelloGold at the end of 2017. […]


Maduro

Venezuela backs national cryptocurrency with 5,000,000,000 barrels of crude

The President of Venezuela Nicolas Maduro has promised to back the national cryptocurrency Petro with the country’s vast natural resource reserves. “Here’s the document formalizing the provision of the certified Ayacucho oil field No.1 in the Orinoco Petroleum Belt for the support of El Petro cryptocurrency,” Maduro said on national TV. Maduro […]