Investing.com - The prices of major cryptocurrencies rose on Monday morning in Asia, as a Winklevoss-backed crypto exchange in New York is set to start trading Bitcoin Cash, and Venezuela announced It would trade oil via Its cryptocurrency.
Gemini, founded in 2015 by the Winklevoss brothers, announced last Friday that the exchange would support the trading of Bitcoin Cash’s fork, Bitcoin ABC, after obtaining approval from the New York State Department of Financial Services.
“Bitcoin Cash seeks to build on the goal of the original Bitcoin and become an electronic cash system, similar to other payment methods such as debit and credit cards,” Eric Winer, vice president of engineering at Gemini, wrote on the company’s blog.
“Their roadmap includes changes such as adjustable blocksize caps, canonical transaction ordering, and new operating codes, which lay the groundwork for further transaction throughput enhancements.”
Gemini said it would evaluate Bitcoin SV, the other fork of Bitcoin cash, over the coming months. However, it has yet to reach a decision on whether to support the withdrawal or trading of the token. (Source)
Elsewhere, Venezuela will use the country’s digital token, Petro, in selling oil next year, according to reports citing President Nicholas Maduro in the state-run TV TeleSUR on Thursday. The move aims to lower the country’s dependence on the U.S. dollar.
“In 2019, we have a schedule for [oil] to be sold in Petros and in this way continue to free us from a currency that the elite of Washington uses,” Maduro was quoted as saying.
Maduro’s speech came after his meeting with his Russian counterpart Vladimir Putin in Moscow, who was said to have started trading oil with the Chinese yuan.
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