September 26

The Venezuelan central bank is reportedly studying proposals that would see cryptocurrencies counted toward the country’s international reserves.

The state-run oil and gas company, Petroleos de Venezuela SA (PSDV), had requested the central bank look into the matter after the oil producer ran into difficulties receiving payments from international clients due to U.S. sanctions against Venezuelan President Nicolas Maduro’s current regime.

The unnamed sources said that the PSDV is looking to transfer Bitcoin and Ether to the Venezuelan central bank and then have the central institution pay its suppliers in cryptocurrencies.”


“We know that everyone’s been most eager to see the release of the Devcon5 Schedule, and we’re thrilled to say that today is the day!

This year’s schedule will be available in multiple formats. Beginning now, the official online release is live at Devcon.org/Agenda.

See Also: Devcon.org


“Facebook CEO Mark Zuckerberg has refused to commit to the planned 2020 launch for the Libra cryptocurrency project.

Obviously we want to move forward at some point soon [and] not have this take many years to roll out. But right now I’m really focused on making sure that we do this well.”


“Analyzing price behavior from January 2018 to August 2019, the company found that 75% of the times immediately before CME issued payouts, Bitcoin fell. 

The figures thus support a hypothesis that the bitcoin price is manipulated in advance of CME settlement.”


The Billion Dollar Bitcoin Bet

“According to 1ML, the number of nodes on the LN has grown by 3.17% over the past 30 days to reach a record high of 10,003 network nodes at press time. At the same time, the number of nodes with active channels is 5,975 out of total of 36,246 channels at press time, with just a 0.34% growth over the past month.”


“Digix wants to build a global platform where DGX is available directly to users via over-the-counter (OTC) broker-dealers. The firm is particularly targeting Southeast Asian countries with its planned fiat-on ramping platform, where mobile payments and ePayment options are used as “everyday payment methods.”

The fiat-DGX currency pairs will include – Singapore Dollar, Thai Bhat, Philippine Peso, Burmese Kyat, Indonesian Rupiah, Euro and Sterling Pound (GBP). The project is expected to be fully operational by end of Q2’2020.”


“Founded by Prince Lorenzo de’ Medici, a descendant of the Renaissance-era Italian banking family, Medici Bank will join the short list of financial institutions that welcoming to crypto companies. ‘There are [fewer] than 10 banks on the entire planet that are crypto-friendly.’

Medici Bank is launching into private beta in October. The Puerto Rico-based bank will be testing the digital onboarding process, web portals and its application programming interface with five companies from around the globe. The bank plans to fully launch in the first quarter of 2020.”


“Kik hopes to go to trial as soon as May 2020. Meanwhile, the SEC’s action has slowed adoption of Kin and restricted trading.

The CEO said that he remains committed to Kin because he sees such tokens are the only way to tackle an ever-increasing concentration of wealth.”