Venezuelans turn to bitcoin as the bolívar crumbles

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Venezuela’s currency has lost so much of its value that people have given up on counting the notes—they just weigh piles of cash. So far this year, the bolívar has lost nearly half its value compared to the dollar, while inflation has shot up as much as 15 times. That’s according to best estimates, since official data isn’t available.

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Citi expecting trillion-dollar virtual reality market by 2035

Citi expecting trillion-dollar virtual realtiy market by 2035

There are numerous researches indicating virtual and augmented reality market to grow in exponential rates. A recent report by Citigroup is taking this even further.

The analysis unit of the investment group, Citi GPS claims virtual and augmented reality technology can be a trillion-dollar industry by the year 2035.

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Six Global Banks Lead Standardizing Global Payments via Blockchain

Starting a modern payments network underpinned by Ripple and supported by rules and governance for global settlement.

Ripple, which earlier this month completed a $55 million Series B financing round, has announced that a number of global banks are joining forces to establish the first interbank group for global payments based on distributed ledger (blockchain) financial technology.

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