Blockchain and Crypto News ⭐ Making Waves

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We delve into the viewpoints of leading minds from prominent investment enterprises, thriving cryptocurrency exchanges, and astute market analysts, all of whom wield substantial influence over the market's trajectory. Amidst this landscape, expert opinions often dance in discord with tangible market trends. Yet, it remains evident that a significant number of these industry trailblazers manage to paint an insightful picture of the industry's landscape. Hence, we extend our recommendation for a meticulous perusal of the paramount news pieces meticulously curated by our adept authors.

As we traverse this landscape of expert opinions, it's evident that while some predictions mirror market movements with uncanny precision, others deviate markedly. The divergence between forecasted trajectories and realized trends can often be attributed to the intricate interplay of multifaceted factors shaping the cryptocurrency market. It is this dynamic tapestry that both fuels and challenges the accuracy of expert opinions, creating an environment of continual exploration and analysis.

Cryptocurrency, Blockchain, and altcoin news have been making waves in popular news blogs, social media, and news agencies. These topics have become increasingly popular in recent years, as more and more people become interested in the world of digital currencies and decentralized systems.

One of the biggest stories in the world of crypto currency is the ongoing debate over the regulation of digital assets. While some countries have embraced crypto and are working to create regulatory frameworks to govern their use, others are more skeptical and have banned or restricted their use.

Another hot topic in the world of cryptocurrency is the rise of decentralized finance (DeFi) platforms. These platforms use blockchain technology to create financial services that are accessible to anyone with an internet connection, without the need for traditional financial intermediaries like banks. This has the potential to revolutionize the way we think about finance and create new opportunities for people around the world.

In the world of blockchain news, there have been several exciting developments in recent months. The most notable is the rise of non-fungible tokens (NFTs), which are unique digital assets that can be bought, sold, and traded like traditional assets. NFTs have become popular in the art world, where they are being used to sell digital art and other creative works.

Another major development in the world of blockchain is the growing interest in using the technology for supply chain management. Blockchain can be used to create a transparent and secure record of every step in a product's journey from production to sale, which can help to reduce fraud, increase efficiency, and improve traceability.

Finally, in the world of ICO news, there have been several high-profile initial coin offerings (ICOs) in recent months. These fundraising events allow startups to raise money by selling newscrypto coin assets to investors, with the promise that those tokens will increase in value over time. However, ICOs have also been criticized for their lack of regulation and the potential for fraud.

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El Petro's last chance: on the threshold of a decisive stage

Thursday, 18 October 2018

The loud statements of the President of Venezuela about the upcoming triumph of El Petro cryptocurrency and the possibilities to destroy the US sanctions pressure with its help have not yet received practical confirmation.
Against this background, a number of questions arise: is there a future for the coin, will it be presented in the listing of stock exchanges and can Maduro be able to put the country "on its feet" with the help of Petro.

Petro at the moment

Despite the fact that trust in petro was undermined long before the start of sales, the last straw was the publication of the Reuters investigation of August 30, 2018. The journalists found that the Ayacucho field, which allegedly stores reserves that support cryptocurrency, is not currently being developed.

During the four months of the investigation, no evidence of the existence of 5.3 billion barrels of crude oil declared by Maduro was found. It was also found that for the extraction of the specified volume it is necessary to create the appropriate infrastructure. For this, according to experts, the country will need an amount that exceeds the $ 3.3 billion received during the sale of tokens. In the conditions of raging hyperinflation, it is almost impossible to find such monetary resources. The presented data cast doubt on the security of cryptocurrency.

The locals, even if they are willing to support petro, do not have the appropriate opportunity. According to Reuters, cryptocurrency is not used as a payment instrument. The way out for locals who suffer from hyperinflation is working with public credit currencies - Bitcoin and Altcoin, which creates conditions for their popularity in the country to grow.

According to the latest statements by Maduro, the opportunity to purchase cryptocurrency during a public round of sales will be available to those who wish on November 5, 2018. To the acquisition will be available 100 million tokens, worth $ 60 each.

Recently, users had the opportunity to see the finished version of the website of the coin and even download the wallet for storing it on Google Play (at the time of creating the material, for unknown reasons, the possibility of downloading was suspended).

Earlier, the president also reported on the imminent inclusion of Petro in the listing of six international digital asset exchanges. Which sites will accept cryptocurrency in their ranks, he did not specify.

Also on the part of the Venezuelan government was the announcement that from November 1, 2018 the possibility of paying fees for the issuance of foreign passports will be charged exclusively to Petro.

Summing up

Thus, President Maduro was literally squeezed into a corner: amid the exposure of Reuters, he no longer has the right to make a mistake.

November promises to be a decisive point in the matter of the possibility of putting petro into the field of practical activities. In the event of another failure, the president risks completely discrediting himself and the cryptocurrency he is promoting.