Nicolas Maduro news

Active Venezuelan politician, served as the 63rd President of Venezuela.

World latest news

Nicolas Maduro Urges His Venezuelan Residents to Invest in the Petro Coin and Gold

Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next few weeks workers will be receiving their bonuses in the Petro coin, instead of fiat. Nicolas Maduro and The Petro Maduro said: “In the coming weeks the payment schedule of the bonuses will be fulfilled with the new salary tables set in the petro, which is from the economic recovery program that started 58 days ago on August ... ﾿ Read The Full Article On Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
Crypto Currency News

Venezuelan President Nicolas Maduro Announces Launch of Country’s ‘Petro’ Cryptocurrency, Availability Date

On Monday, Oct. 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of the Spanish-language white paper for the coin. From #05Nov, Venezuelans will buy Petros for Bolivar Soberano. They will buy real property, flight tickets, goods, services and save money in our gold, iron, diamond, aluminum and oil-backed cryptocurrency. — Nicolás Maduro (@maduro_en) October 2, 2018 Available for Purchase Next Month According to Maduro, the cryptocurrency will be available for purchase starting November 5, when Venezuelan residents will be able to exchange the current fiat currency the Bolivar Soberano for Petro. Maduro announced in the new white paper that Petro, now the national cryptocurrency of Venezuela, will include support from gold, diamond, iron, and aluminum crypto-assets. Maduro said in a message posted Monday: “Historic day for the Homeland. The official international and national launch of PETRO. Guarantee of the prosperity of our beautiful Venezuela for the consolidation of the socialist model for the benefit of our people.”  Maduro also created on Monday night an organization to oversee his country’s crypto assets, which he has dubbed the National Superintendency of Cryptoactives and Related Activities, or Sunacrip. President Maduro said in a release that this launch is the start of a ten-year plan involving Petro and that he hopes to use it to stabilize the country’s economy. Backed by Commodities The main commodity of Venezuela Maduro is using to back his cryptocurrency seems to be the country’s oil reserves. He said via state media that starting November 5 Venezuelans will be able to register for and participate in Petro, which will be open for the next two months and operate “in two speeds.” People are now reportedly able to exchange bolivars for Petro, and those units of cryptocurrency will be backed by Venezuela’s oil, gold, diamond, iron, and aluminum assets. Holders of Petro will then be able to use their crypto for international transactions. Users must create a wallet on the website set up for the purpose by the Venezuelan government. Related: Venezuela: Petro Cryptocurrency Becomes National Unit-of-Account According to that site, the Petro is the “first crypto asset issued and endorsed by a sovereign state.” It uses the X11 hash algorithm and uses a hybrid of the PoS and PoW algorithms to protects its customer’s assets. Petro’s API is also available on the site for developers to download. According to Al Jazeera, Venezuela will “pre-mine” the currency and the government will be the one to control it. It has already allocated five billion barrels of oil to back Petro, and the price will be tied to the price of Venezuelan oil. During the pre-sale period, the Petro is being sold in fiat currency and cryptocurrencies like Bitcoin and Ethereum. After the presale period, Petro will be available for purchase will bolivars. Once residents purchase them, they’ll reportedly be able to buy goods and services at vendors who accept the currency. Government Cryptocurrency Superintendent Carlos Vargas said that “in a short future, Venezuelans can buy in the bakery with the Petro.” Whether the currency will help the country still remains to be seen. According to Al Jazeera, Venezuela has deals in place with Brazilian companies to accept the currency, but U.S. President Donald Trump has signed an executive order barring American businesses from accepting it, and U.S. officials have called the currency a “scam.” The post Venezuelan President Nicolas Maduro Announces Launch of Country’s ‘Petro’ Cryptocurrency, Availability Date appeared first on CryptoSlate.
More news sources

Nicolas Maduro news by Finrazor


HKEX plans to create a blockchain platform, Taiwan implements new amendments to AML and CFT laws, SEC ceased over dozen illegal ICOs, RFB demands monthly reports from crypto exchanges, Petro recognized as a legal tender, crypto industry to regulate itself in Japan, HSBC and RIL settle India’s first LoC transaction on blockchain, ASB settles New Zealand’s first export deal using blockchain

Read more


Hot news

Hot world news

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin

Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.