One in 2000: What Makes Venezuela's Petro Cryptocurrency Special

Currently there exist more than 2,000 cryptocoins, but despite the variety of options, the petro has some unprecedented features that make it unique, Venezuelan Cryptocurrency Superintendent Carlos Vargas told Sputnik Mundo.

Venezuela's petro token raised $735 million on the first day of a pre-sale, President Nicolas Maduro announced Tuesday.

"The Petro Is Born Today" - Maduro Launches revolutionary Oil-Backed Crypto

More than two months after Venezuelan President Nicolas Maduro announced his intention to launch the world's first state-sponsored cryptocurrency to try and help Venezuela raise some badly needed foreign capital, the Petro - backed by 5 billion barrels of oil that are still waiting to be pumped out of a local oilfield - is now a reality.

Yes, The Petro-Yuan Is A Threat To The U.S. Dollar

 

Summary

The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade.

The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case.

Cryptocurrency by Russia's Telegram Founder Raises $850 Mln in Investments

In early January, the TechCrunch website reported Telegram’s plans to launch its own blockchain, the “Telegram Open Network” (TON), platform and homegrown cryptocurrency.


Russian tech genius, founder of Vkontakte and Telegram, Pavel Durov has filed a “Notice of Exempt Offering of Securities” with the US Securities and Exchange Commission (SEC), reporting $850 million raised from 81 investors for “the development of the TON Blockchain, the development and maintenance of Telegram Messenger.”

Swiss watchdog issues ICO rules amid drive to become 'crypto-nation'

Switzerland's financial regulator has responded to the booming interest in digital currencies such as bitcoin with a rulebook to support those involved in the market.

‘3 Clicks and 40 Secs’: Santander to Launch Ripple Retail Payments App in 4 Countries

Spanish banking giant Banco Santander is set to roll-out a personal payments app for retail customers powered by Ripple’s blockchain technology in Q1 2018.
In what could become the earliest major retail use cases of blockchain technology in the banking system, Santander is set to launch a personal payments app for international payments powered by Ripple’s blockchain tech. First reported by Finextra, the application will enable international payments in “3 clicks and 40 seconds” for retail bank customers, reveals a slide by Santander’s 2017 earnings presentation [PDF] released last week.