Private Equity Moris Beracha Wuani

By Moris Beracha .-  Years ago, Artificial Intelligence (AI) left the realm of science fiction to enter our lives and, although it is still in the early stages, its rise will lead to a boom comparable to the advent of the Internet in the past. According to experts, this technological innovation “is the combination of algorithms to create machines with human-like skills”. Faced with this reality, the leader in delivering enterprise software, IFS, announced the connection of new AI-enabled and collaborative integrated systems with tailor company systems to gain the crucial intelligence of larger financial markets and industries in real time, delivering massive financial and strategic value by 2019. “Systems like IFS Enterprise Operational Intelligence (EOI) will become essential as large corporations become more entwined with world markets and the pressure to turn data investments into value increases,” said Steve Treagust IFS Global Industry Director

By Moris Beracha .- The Venezuelan government has carried out a massive advertisement campaign nationally and internationally, to promote its crypto asset called “Petro”, which has taken center stage, since it is used and anchored to the local currency and accounting unit in the finances of the South American nation. Not only is the referred token commercialized in the country, which is backed by the huge oil reserves, but also digital entrepreneurs have decided to develop new cryptocurrencies that allow Venezuelans to protect their money in the face of a serious economic crisis that could not be controlled by the administration of President Nicolás Maduro. In this sense, the head of the Venezuelan Association of Cryptocurrency (Asonacrip), José Álvarez, has stated in different media “there is a modest number of successful developments beyond the petro in Venezuela.” It should be noted that in addition to bitcoin, dash and the bolivar, Venezuelans ha

    By William Suberg     Venezuelans traded more bolivars for Bitcoin ( BTC ) than ever before last week, but the statistics say more about fiat than cryptocurrency .  Yet another Bitcoin volumes record for Venezuela Data from Coin Dance , which tracks trading activity on P2P exchanges Localbitcoins , Paxful and Bisq , confirmed the seven days to July 20 were Venezuela’s biggest on record. During that period, users on LocalBitcoins alone generated volumes of over 57 billion bolivars, beating the previous all-time high of 49 billion, which appeared in the previous week. Weekly LocalBitcoins Volume (Venezuelan Bolivar) Courtesy of Coin.dance As Cointelegraph reported , Venezuela’s currency continues to suffer from runaway inflation, which estimates claim has reached 10,000,000% , leading citizens to resort to alternative means of storing value. The country’s official alternative, state-issued digital currency Petro , was declared a failure by a United

By Moris Beracha .-  The bitcoins and the main cryptocurrencies in the market were designed with some important security patterns, which make them quite difficult to steal. The fundamental aspects of cryptocurrencies include protecting user privacy, avoiding asset theft and avoiding harmful practices such as double spending. However, there are some failures that are sought out by hackers, which allow them to take over and empty some accounts, leaving losses, in some cases, of thousands or millions of dollars. According to the Bit2me cryptocurrency and blockchain academy, about a billion US dollars in Bitcoin have been stolen to date. They recall the thefts in Mt Gt I and II, for a total of 769,408 bitcoins; the 173,655 bitcoins seized by the FBI when closing Silk Road; the robbery known as “Pony” Botnet, which stands out due to the number of machines involved, and which amounted to a total of US $ 220,000 in various types of cryptocurrencies that cur

By  Moris Beracha .-The Venezuelan government has carried out a massive advertisement campaign nationally and internationally, to promote its crypto asset called “Petro”, which has taken center stage, since it is used and anchored to the local currency and accounting unit in the finances of the South American nation. Not only is the referred token commercialized in the country, which is backed by the huge oil reserves, but also digital entrepreneurs have decided to develop new cryptocurrencies that allow Venezuelans to protect their money in the face of a serious economic crisis that could not be controlled by the administration of President Nicolás Maduro. In this sense, the head of the Venezuelan Association of Cryptocurrency (Asonacrip), José Álvarez, has stated in different media “there is a modest number of successful developments beyond the petro in Venezuela.” It should be noted that in addition to bitcoin, dash and the bolivar, Venezuelans have other alternativ

By  Edward Nash As the South American nation, Venezuela is struggling with economic and political issues; the country’s payment system also has gone down. Venezuela has been experiencing issues related to inflation since World War Two. Reportedly the prices have increased by almost 373,233% in Venezuela. The devaluation of its currency added to the woes of the Venezuelan economy. Due to this economic crisis and political instability, the deteriorating standard of living has forced millions of Venezuelans to move to other countries permanently. The prices of basic necessities have also increased leading to high crime rate and corruption. The value of its official currency,   Venezuelan bolivar has been declining for the last few years, and the devaluation has forced most of the Venezuelans to depend on the cryptocurrencies. Bitcoin is at the forefront in Venezuela, but the instability of the pricing of Bitcoin is also affecting the country’s fiscal status. It should be noted t

By Moris Beracha .-The Venezuelan government has carried out a massive advertisement campaign nationally and internationally, to promote its crypto asset called “Petro”, which has taken center stage, since it is used and anchored to the local currency and accounting unit in the finances of the South American nation. Not only is the referred token commercialized in the country, which is backed by the huge oil reserves, but also digital entrepreneurs have decided to develop new cryptocurrencies that allow Venezuelans to protect their money in the face of a serious economic crisis that could not be controlled by the administration of President Nicolás Maduro. In this sense, the head of the Venezuelan Association of Cryptocurrency (Asonacrip), José Álvarez, has stated in different media “there is a modest number of successful developments beyond the petro in Venezuela.” It should be noted that in addition to bitcoin, dash and the bolivar, Venezuelans have

By Moris Beracha .-  2018 was a negative period for some of the world’s most important cryptocurrencies. The value of Bitcoin, Ethereum, LiteCoin, Ripple among many others, dropped over the previous year and a large number of investors lost millions of dollars. However, countries such as Russia still maintain their hopes in digital assets and despite the price crash, the interest in cryptocurrencies remains. According to financial consultant Olga Prokhorova, the new generations of entrepreneurs are looking to make some kind of investment with tokens, because they trust that this will be the future. In an interview with the news channel of Federal Press, the also representative of the “International Financial Center”, cited data from a study published by the University of Cambridge suggesting that the number of users with identity to perform some type of transaction in the cryptocurrency ecosystem has grown to more than 35 million worldwide. The

By Nicholas Say  Latin America (LatAm) has a complex monetary history. Today it represents one of the biggest potential markets for cryptos. Venezuela made headlines when it became the first major nation to introduce a sovereign crypto, though the Venezuelan Petro probably isn’t going to be used for much anytime soon. The reason why the Petro is a non-starter is the same reason why LatAm crypto use is likely to rise. LatAm governments are notoriously corrupt and have a long history of abusing their national financial systems. Today there is more monetary trouble brewing in LatAm. Venezuela introduced the Petro as a part of a Remonetisation, and there is rampant inflation across LatAm especially in Argentina. Cryptos offer people everywhere an option when it comes to how they make payments and store value. Cryptos Make Sense in Latin America Most of the countries in LatAm already have two financial systems. The state financial system is difficult to use, fi

By Moris Beracha .-  In spite of the financial sanctions imposed by the United States, the European Union and other countries of the world on the government of Venezuela, the president of the Latin American country, Nicolás Maduro, is seeking to find resources through the cryptocurrency Petro. It is important to mention that this token, which is backed by certified oil reserves and precious metals lacks international confidence, which is fundamental for obtaining economic benefits. Despite the complicated scenario, the so-called “Bolivarian and revolutionary” government announced that from October 29, 2018, Venezuelans or any citizen in the world will be able to buy the Petro with convertible currencies such as the dollar, the yuan or the euro and with bitcoin, Ethereum, Nem, among others. In this sense, the vice president for the economic area, Tarek El Aissami, said in a press conference that whoever wants to buy petros with other cryptocurrencies,

By Moris Beracha . - PDVSA’s partner companies involved in joint ventures, as well as financial analysts and investment bank economists, including consulting firms agree on questioning President Maduro’s announcement revealing that the Bolivar Soberano’s stability, which will start circulating on August 20, will be anchored to the oil-backed Petro (PTR) digital currency. “There is a very clear executive order issued by the US Government banning transactions involving Venezuela’s Petro and it is applicable to any transaction with the Venezuelan Government or PDVSA related to the use of that cryptocurrency,” said a source from one of the partner companies of Petróleos de Venezuela. “Neither Chevron, nor any of the European companies, including Rosneft, CNPC or Indian companies such as ONGC or Reliance will accept any transaction in Petros,” it said. According to the source, in several meetings, the PDVSA authorities have considered the possibility of using

By Ana Berman Venezuelan state-owned cryptocurrency Petro has apparently plagiarized parts of its white paper from the GitHub repository of Dash. Core developer of Ethereum Joey Zhou pointed this out in a tweet posted Tuesday, Oct. 2. Zhou has tweeted that Petro, which has just been officially launched by president Nicolas Maduro, is "a blatant Dash clone." To illustrate this, he posted a link to the Venezuelan coin’s white paper, which had an exact copy of an image from Dash's repository on Github. The "clone" image is not the only thing that Petro apparently borrowed from Dash. The technical description of the coin says that it will use the X11 Proof-of-Work (PoW) mining algorithm, the same that is used by Dash. While many cryptocurrencies use common cryptographic algorithms – such as Bitcoin’s SHA-256 – Petro also uses "nodos maestros," or masternodes – a well-known mechanism used by Dash to regulate its ecosystem.