bitcoin falls back below $4k today as Venezuela increases petro prices. Interviews find crypto to be a hot topic among mainstream financial traders, while GM files a blockchain patent. Ohio also reveals its plans for blockchain investment. Catch up on today’s action.
Maduro Raises The Price Of ‘El Petro’ Despite No Functioning Wallet
Venezuela made headlines once again as its president (Nicolas Maduro) recently ordered a price increase for the Petro. Venezuela’s government runs the Petro cryptocurrency.
Last Thursday, Maduro “ordered that the price of one petro be from 3,600 sovereign bolivars to 9,000″, reported Crypto Insider.
Venezuela also recently raised wages again, this time by 150%. This marks the sixth payment increase for this year alone.
To make matters worse, the Petro wallet reportedly does not function. The crypto asset also apparently lacks normal market activity and price discovery.
Crypto Still A Hot Topic Among Mainstream Traders
After a tough year in the crypto markets, it would make sense to conclude waning interest. However, mainstream traditional financial traders reportedly cannot get enough of the action in crypto.
Abacus Journal recently interviewed a few of Morgan Stanley’s traders on their feelings about crypto.
One of the traders talks about the prospect of more involvement in the crypto space – “[t]he volatility in bitcoin alone would be better than sex for us! Movements of 10%-20% over the course of 24 hours. Huge!”
GM Patent Touts Blockchain As Data Solution For Self-Driving Cars
Vehicle giant GM recently applied for a patent involving blockchain. The patent includes technology for cars to drive themselves, using blockchain for data storage in the process.
The describes a “method and system using a blockchain database for data exchange between vehicles and entities”.
“Sharing data between different independent platforms is also proposed in the filing”, reported CoinDesk today.
The technology would apply to data storage and access for information such as permits, licenses, and ticket information, for example.
Ohio: Seven Funds Plan $300 Million Investment For Blockchain Startups Through 2021
The state of Ohio made crypto headlines once again today. Over the next several years, certain organizations in Ohio plan to invest more than $300 million into startup blockchain companies.
Ray Leach – CEO for the JumpStart nonprofit organization, relayed these blockchain investments would go toward solutions for things like government blockchain incorporation, and possibly welfare involvement, among others.
Ohio also made a big announcement last week with its plans of accepting bitcoin for tax purposes.
Crypto Assets See Losses Across The Board As BTC Falls Below $4000
sees prices back below $4k today. Crypto’s largest asset popped up to around $4.4k on , only to retrace back to current numbers.
Over the past 24 hours, BTC has fallen from about $4135, down to $3846, finding slight support there for the time being.
“monthly losses are at a stark 39.6 percent, according to Cointelegraph’s “, reported CoinTelegraph today.
The post appeared first on .
Coinvest, a full-suite blockchain technology company for users to learn, invest, and spend cryptocurrencies, today announced the distribution of its native security token, COIN, to more than 600 investors. The token distribution follows a…
| BTC $3,838 ↓7.64% $81.8M |
ETH $107.5 ↓7.77% $22.5M |
XRP $0.3452 ↓6.00% $6.81M |
EOS $2.57 ↓12.9% $1.9M |
| XMR $54.0 ↓11.2% $1.82M |
LTC $30.72 ↓9.75% $1.59M |
XLM $0.1476 ↓8.22% $1.46M |
BCH $156.9 ↓9.85% $1.17M |
| USDT $0.98 ↓0.61% $1.11M |
ETC $4.56 ↓13.1% $869,575 |
ZEC $70.5 ↓12.1% $617,416 |
ADA $0.0385 ↓9.25% $583,982 |
| XTZ $.45 ↓8.16% $428,804 |
DASH $83.5 ↓10.1% $286,483 |
QTUM $1.93 ↓8.53% $86,436 |
REP $7.79 ↓7.92% $67,112 |
Visit the About section on our blog for more information about the Kraken Daily Market Report .
The post appeared first on .
A bitcoin trader from Lanseria in South Africa narrowly escaped death after being drugged, beaten, and tortured by suspected kidnappers. Narrating his near-death experience in a report in local news outlet Soweto Urban, the man, who is known only as Andrew, was invited for a presentation on cryptocurrency through a new contact on Facebook. The …
The post appeared first on
