Venezuela Issues Cryptocurrency El Petro 336

The President of the Bolivarian Republic of Venezuela Nicolás Maduro announced the issue of 100 million cryptocurrency El Petro coins that will be backed by venezuelan oil, reports Telesur.

“The price of each El Petro coin will be equal to the cost of one barrel of venezuelan oil”, – said Maduro at the cabinet meeting.

He assured that El Petro “will help the country increase its monetary sovereignty” and overcome economic blockade. According to Maduro, the cryptocurrency can help process transactions to find new budget sources.
Maduro announced the plan to issue cryptocurrency in December, 2017. It was created to help the country that is under international sanctions.

In summer 2017 the USA passed sanctions on the president of state oil company Petroleos de Venezuela S.A. (PDVSA).

Venezuela has been facing deep economic crisis since 2014.

The Co-Founder of Apple Announced the Launch of His Own Blockchain-Based Project 214

interview with steve wozniak

Steve Wozniak, the co-founder of Apple, took part in an exclusive interview at the conference ChainXchange and talked about his attitude towards Bitcoin and cryptocurrencies in general and also shared his plans for the blockchain technology:

I like to keep up with things… Bitcoin caught my attention. It had so many unusual aspects for any technology I had ever heard of. Nobody is really known to be the creator. It doesn’t have any centralized [component]. It’s based on mathematics. There’s a certain number of Bitcoin that can ever exist… Mathematics to me is like nature. It’s much better than human beings… I trust those things of nature more than what man makes up. Man makes up currencies, controls them, issues new US dollars every year; Bitcoin was immune to that.

We want to point out that the famous American inventor, electronic engineer and programmer was not particularly interested in the subject of cryptocurrency in the fall of 2017 and even sold all his Bitcoins. Back then he found that cryptocurrencies only brought “anxiety”, but now, he seems to have learnt more things about the advantage of the blockchain technology:

At first I kept hearing [about blockchain], and I didn’t understand it. It’s not something you understand in a day. You think about it, read more about it and how it works, and then you see how people actually start to use it, through the mining process and also the verification and, aha! It all adds up!” said Wozniak.

After that, the co-founder of Apple made a sensational statement: he himself is going to start working with blockchain. According to him, this will happen “very soon”, the project is likely to be launched in Malta:

I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company. This company is doing investment by investors with huge track records in good investments in things like apartment buildings in Dubai. We have one person in our group who has listed out a whole apartment building for Bitcoin… We might be starting up in Malta around the time of their blockchain conference. Some countries are very positive about [blockchain]the same way they were about electric vehicles.

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The Chinese Crypto Rating Welcomes New Coins While EOS Remains #1 227

chinese crypto rating

Taking into account all the crypto novelties, China Electronic Information Industry Development updated its previous ranking of the best digital coins. Some cryptocurrencies managed to keep their position or even climb up, others lost their ground.

The list of the best 5 coins currently looks in the following way

  1. EOS
  2. Ethereum
  3. Komodo
  4. Nebulas
  5. NEO

Ethereum and EOS are keeping their positions, they once more proved to be best in terms of technology, application and innovativeness. The “lucky” coins of the previous rating Lisk and Stellar have both lost 2 positions, whereas Bitcoin has climbed from the 17th to the 10th place. However, the next rating might change the things drastically.

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Ripple Wonders Why The SEC Has Not Come Up with Cryptocurrency Status Yet 331

crypto status

We all remember the loud statement of the Securities and Exchange Commission which clearly said that the world’s two most popular digital coins (Bitcoin and Ethereum) do not comply with the definition of a security. What about other altcoins?

The representative of Ripple contacted the SEC not so long ago, asking why they have not yet determined the official status of cryptocurrencies. In response, the Commission’s spokesperson stated:

The SEC has not made a determination as to whether any specific cryptocurrency may be deemed a ‘security’ under the federal securities laws.

This answer is not quite informative, thus, we only have to wait upon the decision of the SEC.

We remind you that the SEC will take the decision concerning Bitcoin ETF in September of this year.

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What Does John McAfee Have to Say About Bitfi, His Future Projects and Crypto in General? 515

interview with john mcafee

John McAfee is a very eccentric but still popular crypto personality. His every action and word instantly draws attention. Thus, we absolutely could not miss an interview that he gave to ETHNews discussing a couple of important issues.

Firstly, McAfee addressed the infamous story with Bitfi which we have thoroughly covered on our news portal. Many people were confused by McAfee’s behavior, thinking that he lied to all of his followers and customers. However, the “accused one” had an explanation for that:

My job is to market this thing [Bitfi]. How better to market it than to create a controversy?

Basically, McAfee admitted that he intentionally started all this drama with Bitfi to attract more attention to his wallet.

The crypto enthusiast also talked about a new big project – his own version of the CoinMarketCap, called McAfee Market Cap, and the further development of a decentralized crypto exchange. Though the program was launched, the developers had to take it down to introduce some upgrades and improvements.

Of course, the topic of possible running for presidency was not left out of the conversation. Here McAfee claimed that he is not interested in being the US President, he only intends to run for the post. According to him:

The act of finding and creating the president – that’s what changes America. So I want to be involved in that.

Overall, McAfee is very satisfied with everything he’s currently doing and the influence that he has on the financial world. He even modestly called himself “one of the premier technologists of this world”. However, only the time will show whether his ambitious plans will come true.

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A Crypto Movie with Kurt Russell Will Soon Come Out 488

crypto movie

As we reported earlier, Hollywood started working on a film directly involving the topic of cryptocurrency. The producers have recently disclosed a couple of interesting details about this movie, besides its star-studded cast.

The plot of this thriller will wheel around the complicated world of money laundering, fraudulence and scams involving digital currencies. The main character, played by Beau Knapp, is going to unravel the dark secrets of this world.

The producers admit that they don’t have enough knowledge about crypto and trust specialists to handle the technical part, however, they have overall positive comments about it:

We hope it lasts for a long time…That’s one of the reasons why we wanted to do the film. We’re not into fads. We hope it stays around for a long time.

The official release of the movie is scheduled for 2019.

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The Viewers of Adult Videos on Pornhub Will Receive Cryptocurrency Rewards 2652

Pornhub

The company Tube8, owned by the popular adult entertainment site Pornhub, is planning to move onto blockchain and tokenize the platform completely. To do so, it will be cooperating with Vice Industry Token.

The visitors of the Tube8 will soon get a chance to receive tokens for performing certain activities on the platform.

The purpose of this upgrade is mainly keeping the viewers. The representatives of Tube8 believe that a regular viewer just watches a couple of videos and leaves, whereas if he/she can potentially be rewarded for doing this, it will be encourage the person to register an account or at least return to the site afterwards.

We would like to remind you that Pornhub has recently started accepting crypto as a payment option for its premium account.

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