Mining One day after Venezuela’s oil-backed cryptocurrency was declared illegal, the government of president Nicolas Maduro announced plans to pre-mine the petro. The new currency is expected to launch in six weeks. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Petro Mining Restricted to Government The Venezuelan Superintendent of Cryptocurrencies and Related Activities,
Regulation The respective financial regulators for Sweden and New Zealand have recently issued statements addressing initial coin offerings (ICOs). Also Read: Sweden Latest Government to Auction Bitcoins, Turns Tidy Profit Sweden’s Financial Supervisory Authority [FSA] Has Issued a Statement Warning of the Risks Associated With ICOs Sweden’s financial regulator has issued a statement outlining a number of risks pertaining to ICOs.
Blockchain The Massachusetts Institute of Technology (MIT) has announced a pilot program that will issue diplomas to 111 graduates utilizing the bitcoin blockchain. The program is the product of a partnership between the MIT Registrar’s Office and Learning Machine – a Massachusetts-based company specializing in software development. Also Read: MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption MIT Will Issue Diplomas