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#Blockchain Report: Twitter Prepares Ban on Crypto Ads

Twitter to Ban Crypto Ads, Exempt Exchanges, Report

Twitter is reportedly preparing to prohibit advertisements for ICOs, token sales, and cryptocurrency wallets. The new advertising policy is expected to come into effect in a couple weeks. The microblogging site is said to impose a ban on ads for crypto exchanges, as well, bar a few exceptions. The policy change is yet to be confirmed officially.

Also read: Lawsuit Challenges Google’s Ban on Crypto Ads in Russia

Some Trading Platforms May be Excluded from the Ban

Following similar moves by Facebook and Google, Twitter is now preparing to ban crypto-related advertisements on its platform. The new advertising policy will be implemented in two weeks, Sky News reported without revealing the source of its information.

Report: Twitter Prepares Ban on Crypto AdsThe upcoming rules will likely prohibit advertisements for initial coin offerings (ICOs), token sales, and cryptocurrency wallets globally, according to the report. The reasoning behind Twitter’s decision is unclear. Other companies imposing restrictions on crypto content have cited concerns over illicit activities and fraudulent ads.

The ban may also include advertisements for cryptocurrency exchanges. The report suggests, however, that the new policy will be launched with some “limited exceptions” in regards to trading platforms. There has been no official confirmation of the policy change yet.

Restrictions Mounting across the Web

The news about the expected Twitter ban on crypto-related content comes amid increasing regulatory pressures and after similar decisions by the most popular social network Facebook and Google, the biggest global search engine. Analysts believe the announcements have contributed to the recent dips in the cryptocurrency markets.

Facebook issued its ban on crypto ads in January, claiming the measure comes after persistent complaints by users about spam and fraudulent cryptocurrency ads. It stated that advertisements should not promote financial products and services frequently associated with misleading or deceptive promotional practices. The warning was targeting ICOs and cryptos.

Twitter to Ban Crypto Ads, Exempt Exchanges, Report

More recently, Google announced its plans to restrict ads of cryptocurrencies and content related to initial coin offerings, exchanges, wallets, and crypto trading advice. The company intends to implement the new rules by June, 2018, as news.Bitcoin.com reported. The updated Financial Services Policy leaves room for some ads to be published after getting certified by the company.

Google’s move has already provoked reactions from the crypto community. According to Russian media reports, the first lawsuit against the ban has been filed in a Moscow district court. Other reports suggested that the biggest Russian search engine Yandex (Яндекс) has also decided to quit publishing advertising materials related to cryptocurrencies, mining projects and ICOs. Later, Yandex’s press office denied these rumors, saying no changes had been made to the advertising policy of the company.

Do you expect another wave of negative reactions by crypto markets and communities around the world, if Twitter officially confirms the ban on cryptocurrency related ads? Share your thoughts in the comments section below.

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#Blockchain This Week in Bitcoin: Time to Build

This Week in Bitcoin: Time to Build

If there’s one thing a crypto recession’s good for, it’s rebuilding. It’s debatable whether we’re in a full-blown recession admittedly, but whatever you wanna call it, the charts ain’t looking too pretty. The upside to that is it’s a great time for looking elsewhere. With Easter imminent, it seems fitting that some of crypto’s biggest players should be focusing on renewal: new blockchains, new miners, new scaling solutions, and new licenses. This week in bitcoin, the great build begins.

Also read: Paypal Users Receive Cryptocurrency Warning Email


If HODL is what we do with our crypto, BUIDL is what we do when our coins are no longer worth HODLing. It’s fair to say that most of us still believe in bitcoin as much as ever, but are capable of conceding that it may be a few months till we witness another ATH…or even $10k, the way things are looking right now. That’s okay though, cos away from the price action, there’s lots happening behind the scenes as crypto’s heavy hitters begin to build.

This Week in Bitcoin: Time to Build

Binance was first out the traps, announcing plans for its own blockchain, decentralized exchange, and god knows what else. They’ve got cash to burn, as tends to be the case when you’re pulling in over $800 million a year, and aren’t afraid to put a chunk of it to good use. Coinbase, the Facebook to Binance’s Google in crypto terms, haven’t been resting on their laurels either. They’ve gotten their hands on a coveted e-money license from UK regulators, which will aid their European expansion efforts.

With the recent recruitment of Linkedin’s Emilie Choi, who specializes in M&As, it’s suspected that Coinbase might be plotting to snap up promising startups and assimilate them into its mushrooming empire. Compliance; finance; insurance. All of these sectors, and many more, could be prime targets should Coinbase decide to embark on an M&A sweep.

Some Call It Recession, Some Call It Renewal

On the face of it, stories like Binance building its own blockchain and Barclays breaking rank to become one of the first major banks to support crypto (having accepted Coinbase as a UK client) sound bullish. And while it’s true that these initiatives bode well for the future of cryptocurrency, why does it take nine years for a British bank to accept bitcoin, and only then via Coinbase, the most corporate and squeaky clean company in the entire space? What about all those aspiring startups that were turned down for banking facilities as soon as the word “cryptocurrency” was mentioned? And not just in the UK, but everywhere. In crypto, as in the world at large, it seems to be less what you know, and more who you know.

This Week in Bitcoin: Time to BuildWhen we talk about the crypto rich, it’s normally whales who spring to mind; those faceless, nameless entities with the power to move entire markets with a single trade. But the biggest whales of all aren’t our fellow traders: they’re the exchanges themselves with the wealth to survive the longest crypto winters and to emerge with an even greater stranglehold on the market.

Senators Talk Smack About Crypto

On Wednesday, a Senate hearing convened to discuss ICOs and there were some interesting comments from Representatives, ranging from the bullish to the brain-dead. These events are turning into high caliber popcorn material for crypto Twitter, who were on top form throughout the live streamed debate. Brad Sherman took the biscuit for conflating cryptocurrency with terrorism, with only the IMF’s Christine Lagarde running him close for spewing baloney this week.

This Week in Bitcoin: Time to Build

The doom and gloom coming from the IMF and from the Senate’s more benighted representatives makes John Oliver’s cryptocurrency special last Sunday night seem veritably upbeat. To paraphrase the British comic, it’s astonishing that in the current year we should still be hearing cryptocurrency linked with terrorism. The two are no more interconnected than potato chips and terrorism. Just because a few freedom fighters are partial to a bag of Lay’s doesn’t make chips synonymous with terrorism.

This Week in Bitcoin: Time to Build

Peering Into the Future

If crystal balls actually worked, we’d all be using them to divine the fate of the crypto markets. Instead, monitoring bitcoin futures predictions is the closest we get to determining which way the candle’s gonna drip. The short-term future is looking bleak, apparently, but at least contract volumes have increased, which has gotta count for something, right? We’ll also soon be stepping into a future devoid of Google ICO ads, and Twitter crypto ads too, which is probably for the best. This week’s most popular post, incidentally, was a retrospective, examining the events that caused bitcoin’s 70% drop from its December peak, but it contains clues in there regarding how to sell at the top – next time we get to the top.

Finally, there’s been a sliver of good news for traders concerned by whale-sized sell-offs further depressing prices: Mt Gox’ trustee has promised that his selling strategy has been designed to as not to affect the markets. That might be of scant consolation now, but when the markets begin to recover, as they surely will, this knowledge may help to soothe troubled souls. In the prison system, they say there’s only two days that count: the day you arrive and the day you leave. Similarly, there’s only two prices that matter with crypto: the one you buy at and the one you sell at. Everything in between is just noise.

What was your favorite story from this week in bitcoin? Let us know in the comments section below.

Images courtesy of Shutterstock, and Twitter.

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#USA Here are the top states and cities for startups in the South


The American South may not be the first region that comes to mind when you hear the phrase “hotbed of tech entrepreneurship,” but, slightly misguided perceptions aside, it’s home to a diverse and growing collection of startups.

Here, we’re going to take a deep dive into the startup funding data for the region.

What is “the South?”

Just like it’s a common pastime for many city dwellers to argue about the precise boundaries of neighborhoods, there’s often some disagreement about the exact contours of the U.S.’s various regions. To quash rabble-rousing from the get-go, we’re using the U.S. Census Bureau’s definition of “the South” on its official map of the United States. Below, we display a map of the states we’re going to look at today.

Much like barbecue, the South is not a monolithic concept. So to incorporate some regional flavor into the following analysis, we’re also going to use the same regional divisions that the U.S. Census Bureau uses.

By doing this, we’ll be able to get a better idea of the relative contribution states from each sub-region make to startup activity in the South overall.

The ebb and flow of deal and dollar volume

As is the case with most of the country, the South appears to be experiencing a shift in startup funding as we move toward the latter half of a bull run in entrepreneurial activity. The chart below shows a divergence in overall deal and dollar volume over time.

Much like in the rest of the U.S., reported deal and dollar volume are heading in different directions. Part of this may be due to reporting delays — it can sometimes take a few years for seed and early-stage rounds to get added to databases like Crunchbase’s . Nonetheless, there is a slow and generally upward creep in round sizes at most stages of funding. And that’s not just a Southern thing; it’s a country-wide trend.

Let’s disaggregate these figures a bit. We’ll start with deal counts and move on to dollar volume from there.

A closer look at southern venture deal and dollar volume

In the chart below, you’ll see venture deal volume broken out by sub-region.

Over the past several years, reported venture deal volume has been on the downswing. From a local maximum in 2014 through the end of 2017, it’s down almost 35 percent overall. But that’s not the whole picture. The relative share of deal volume has changed, as well.

Although it’s not immediately clear just by looking at the chart above, startups in the South Atlantic sub-region have accounted for an increasingly large share of the funding rounds. For example, in 2012, South Atlantic startups attracted 54 percent of the deal volume. In 2017, that grows to 64 percent. Startups in the West South Central sub-region have pretty consistently pulled in between 28 and 30 percent of the deals, so where’s the loss coming from? Startups headquartered in Kentucky, Tennessee, Mississippi and Alabama pulled in just 8 percent of deals in 2017, compared to 18 percent in 2012.

It’s a similar story with dollar volume.

In general, dollar volume follows the same pattern, albeit with a bit more variability. Regardless, startups in the South Atlantic sub-region are hoovering up an ever-larger share of venture dollars, and there’s little to indicate that trend will reverse itself any time soon.

Where are the regional hotspots for deal-making in the south?

Let’s see which states accounted for most of the deal volume. The chart below shows the geographic distribution of deal-making activity by startups in each Southern state from the beginning of 2017 through time of writing. It should come as no surprise that much of the activity is concentrated in states with higher populations.

And here’s the distribution of dollar volume among southern states.

Despite some variation in which states are at the top of the ranks, the share of deal and dollar volume raised by startups in the top three states is remarkably similar, coming in at between 52 and 53 percent for both metrics.

The top startup cities in the south

We started by looking at the South as a whole and then drilled into its sub regions and states. But there’s one layer deeper we can go here, and that’s to rank the top startup cities in the South.

In the interest of keeping our rankings fresh and timely, we’re covering activity from the past 15 months or so, from the start of 2017 through mid-March 2018. But before highlighting some of the more notable hubs, let’s take a look at the numbers.

In the chart below, you’ll find the top 10 metropolitan areas where Southern startups closed the most funding rounds.

The chart below shows reported dollar volume over the same period of time.

Much like we saw at the state level, the top five startup cities — ranked by both deal and dollar volume — are the same, although there’s some variation between where each one ranks. In order, the D.C., Austin and Atlanta metro areas rank in the top three for each metric, while Dallas and Raleigh, NC switch off between fourth and fifth place.

Startups capitalize on the nation’s capital

To be frank, Washington, D.C.’s top-shelf ranking was a bit of a surprise. It may be the fact that Austin, TX plays host to South By Southwest, a somewhat more relaxed culture and/or a preponderance of excellent breakfast taco and barbecue joints, but to many — ourselves included — the city feels like it would have a more active startup scene than the nation’s capital. But that’s not exactly the case. The D.C. metro area had more venture deal and dollar volume than Austin for seven out of the last 10 years, and startups based in the nation’s capital have raised more than twice as much money so far in 2018.

D.C.-area startups have recently raised some notable rounds. Just a couple of weeks prior to the time of writing, Viela Bio raised $250 million in a Series A round (in late February 2018) to continue funding research and testing of its treatments for severe inflammation and autoimmune diseases. And on the later-stage end of things, education technology company Everfi raised $190 million in a Series D round that had participation from Amazon founder and CEO Jeff Bezos, former Alphabet executive Eric Schmidt and Medium CEO Ev Williams. Other D.C. companies, including Mapbox, Upside.com, Afiniti and ThreatQuotient, have all raised late-stage rounds within the past 15 months.

Startup ecosystems in Southern cities may pale in comparison to places like New York and San Francisco, but it wouldn’t be wise to discount the region entirely. A large number of interesting companies call the lower half of the Lower 48 home, and as the cost of living continues to rise on the east and west coasts, don’t be surprised if many current and would-be founders opt to stay down home in the South.

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#Blockchain Markets Update: Bears Pull Crypto-Prices Near Last Bottom

Markets Update: Bears Pull Crypto-Prices Near Last Bottom

Cryptocurrency markets are still following a bearish pattern, leaving many digital asset traders uncertain. BTC/USD values have plummeted to levels not seen since the first week of February as the price per coin had touched a low of $7,325 on March 18. Moreover, the whole digital asset economy is suffering from losses as the entire cryptocurrency market capitalization has dropped to a low of $285Bn.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

How Low Can You Go?

Digital assets are touching some lows again as market values this week have dropped 50-60 percent for nearly every single cryptocurrency in existence. Values are down anywhere between 4-25 percent looking at the top 100 coins on Coinmarketcap, and only the controversial ‘stable coin’ tether remains unaffected. BTC trade volume is decent this weekend as volume picked up when the price touched $8,600 on March 16. Trading volume for BTC markets has been roughly around $4-7Bn every day for the past four days. Volumes surely look lower than this December, but analysts should also take into account the price per coin has halved.

Markets Update: Bears Pull Crypto-Prices Near Last Bottom

The top five exchanges swapping the most BTC today includes Bitfinex, Binance, Okex, Bitflyer, and Huobi. Bitfinex trade volumes lead the pack with close to $500Mn over the past 24-hours. The Japanese yen is still dominating the BTC volume by currency as it captures 52 percent of trades today. This is followed by the USD (24%), tether (USDT 13.4%), the euro (3.5%), and the South Korean won (3.3%). The most popular trade on Shapeshift today is ethereum (ETH) for BTC.

Markets Update: Bears Pull Crypto-Prices Near Last Bottom
At the time of writing 11:30 am EDT – BTC/USD average is $7,380.

Technical Indicators

Looking at the weekly, daily and 4-hour charting signs still look uncertain and bearish for BTC/USD markets. The short-term 100 Simple Moving Average (SMA) is above the longer term 200 SMA, indicating continued bearish sentiment. For the first time in nine months, BTC/USD’s 50-day moving average has dipped super close to the 200-day moving average as well. The MACd is coasting along around -333 and both RSI and Stochastic oscillators are heading southbound, and the price will likely follow suit. Most traders think we may see a “double bottom” which means the cost per BTC could touch $5,900 again before a reversal. Others believe the price will only drop to the $7,200 level (the 78.6 Fibonacci retrace), and markets may change sentiment from there.

Markets Update: Bears Pull Crypto-Prices Near Last Bottom
BTC/USD morning (EDT) trading sessions saw a low of $7,325.

Order books show some strong support up until the $7,150 range, and if BTC values break below that price region, a double bottom ($6K or lower) could very well be in the cards. On the flip side the sell walls up to $8K and higher are not too bad and could easily be broken, but the bullish volume is not there. If bulls can muster up some strength when the bears become exhausted, there will be pitstops at $8,100 and $8,600.

The Top Digital Assets Are Suffering from Price Declines

The top cryptocurrencies today are hurting and suffering from deep price wounds. The second largest market capitalization ethereum (ETH) has lost 18 percent today. The price per ETH is roughly $479 at the time of publication. Ripple (XRP) markets are down 11 percent, and one XRP is 0.58 cents per token. The fourth highest market valuation held by bitcoin cash (BCH) is down 9 percent as one BCH is around $881. Lastly, the fifth biggest market cap litecoin (LTC) is down 9 percent with one LTC trading at $142. BTC dominance is up to 45 percent amongst the all 1,564 markets today according to Coinmarketcap.

Markets Update: Bears Pull Crypto-Prices Near Last Bottom
The top ten cryptocurrency market capitalizations.

 The Verdict: The Bottom May be Near, But Most Traders Are Uncertain of its Exact Location

So many traders are calling out wild predictions all the way to lows around $2K per BTC. Many believe we are stuck in a descending bear channel that will stick around as long as 2014’s bear run did. The problem is many traders are uncertain as bullish signals are not appearing and bear flags are prominent. These speculators are looking at global regulations and the upcoming G20 meeting. Others believe the reversal will take place shortly, and we will go no lower than the $6K February dip or around the 78.6 Fibonacci retrace region.

Where do you see the price of BTC and other digital assets heading from here? Do you think cryptocurrencies will see more gains? Let us know in the comments below.

Disclaimer: Price articles and markets updates are intended for informational purposes only and should not to be considered as trading advice. Neither Bitcoin.com nor the author is responsible for any losses or gains, as the ultimate decision to conduct a trade is made by the reader. Always remember that only those in possession of the private keys are in control of the “money.”

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#Blockchain PR: AICHAIN – Bring the Future of AI to Everyone, a Key Breakthrough for China’s Blockchain Project

AICHAIN - China’s AI Blockchain Project

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

AICHAIN, the China’s leading blockchain project in artificial intelligence domain, has been a hit with investors now days. As the leading blockchain project in China, its unique research logic attracts people most.

In 2017, the AICHAIN team started to combine artificial intelligence with blockchain, dedicated effort to seeing the breakthrough in blockchain industry.

Basic concept was first finished in June 2017, its main purpose is to provide a open-source platform for data owner, application developer, operation platform and consumers. It is designed to help everyone use customized AI application with low cost and no technical barriers. AICHAIN has gathered over 100,000 supporters in more than 6 countries in only 3 months.

Since the project started, it has been reported by CCTV Security (China’s most famous official TV) and Sohu Finance and Economics (China’s most famous Internet website). More than fifty news medias have reported the progress of AICHAIN.

AICHAIN has first considered converting blockchain technology into useful application since it was established. Easy Live, the China’s leading video live broadcasting company, has signed strategic cooperation agreement with AICHIAN. The AIT will be transferred by more than 20,000,000 users on Easy Live in the future.

INBlockchain, the leading investment company in blockchain , has signed an agreement of deep investment with AICHAIN , thingking highly of the value of combining blockchain with AI. The AICHAIN project has obtained angel investments from China’s largest blockchain company Bitmain who has supercomputing mining machine (China’s largest blockchain computing enterprise).

Genius idea gather the talents, same with AICHAIN team. This team has famous scientist in artificial intelligence, ambitous entrepreneur from China’s largest blockchain computing enterprise, renowned scholars from UCLA and Tsinghua University, expert in marketing. AICHAIN has established base in China and America, dedicated effort in research and marketing.

With the Chinese State Council embracing blockchain in its 13th Five-Year Plan, Chinese policymakers are eager to set the framework and standards that accelerates industry adoption of blockchain technology. Now AICHAIN is dedicating effort to China’s technology creativity.

The international roadshow of AICHAIN, Chain for the future—the AI ecosystem on blockchain , is to start in Silicon Valley on 21 March. AICHAIN has invited celebrities in artificial intelligence and blockchain,sharing the technical details and investment advice to the attendee.

For more information, please visit https://www.eventbrite.hk/e/the-ai-ecosystem-on-blockchain-tickets-43741461890

Contact: Rick Fang
E-Mail: market@aichain.me
Website: www.aichain.me

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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#Blockchain Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

A predicted 56,000 percent increase for BTC since Jan. 2015 brings BTC’s hypothesized price to $91,000 by March 2020. #NEWS

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#Blockchain Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

A predicted 56,000 percent increase for BTC since Jan. 2015 brings BTC’s hypothesized price to $91,000 by March 2020. #NEWS

from Cointelegraph.com News http://ift.tt/2FKe66u Tom Lee Predicts Bitcoin To Reach $91,000 by March 2020, Based On Performances After Past Dips

#Blockchain Venezuela Recruiting Citizens to Mine Cryptocurrencies

Venezuela Recruiting Citizens to Mine Cryptocurrencies

Venezuela is calling for its citizens to build cryptocurrency mining farms throughout the country. The government has set up a crypto mining program which president Nicolas Maduro hopes will attract at least 1 million people such as university students, the unemployed, single mothers and the homeless.

Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies

Maduro Seeks Crypto Miners

The president of Venezuela, Nicolas Maduro, has launched a program to encourage citizens to set up mining farms throughout the country. Speaking in Caracas, he said young people should be “infected with courage” and set up “cryptocurrency farms throughout Venezuela,” Telesur reported this week.

Venezuela Recruiting Citizens to Mine Cryptocurrencies
Maduro speaking at Chamba Juvenil.

This program is called “Plan Chamba Juvenil Digital (Youth Digital Work Plan),” the news outlet added, noting that registration for the program opens on April 15 and the government hopes that “the program will attract at least one million students.” Maduro tweeted:

Attention, young people!…Today Chamba Juvenil Digital emerges to allow youths to form cryptocurrency farms that can mine world currencies. Because Venezuela does not give up!

The head of state elaborated, “The program was designed to help incorporate young people – including university students, the unemployed, single mothers and the homeless – into working life. It is also expected to provide employment opportunities to recent graduates.”

Venezuela Building Crypto Mining Farms

Venezuela Recruiting Citizens to Mine CryptocurrenciesVenezuela’s youth minister Pedro Infante said at a press conference on Thursday that 24 cryptocurrency mining farms will be built to boost training in the area of cryptocurrencies, according to El Ciudadano. The minister further revealed that his government has approved 96 billion bolivars (~USD$2.9 million) for the creation of these mining farms.

The project was created to “guarantee the incorporation of young people in the labor sector, and has set a goal of 1 million men and women under 35 in this program,” the publication detailed. Infante described that young people make up 60% of the population in Venezuela, 879,000 of which have joined the employment program. The news outlet noted:

Among the 23 provinces of Venezuela, Zulia (West), Miranda (North), Carabobo (North Center), and Lara (Center) are the states with the largest participation of young people in this program.

Venezuela Recruiting Citizens to Mine CryptocurrenciesThe Venezuelan government opened a school in February to teach its citizens about cryptocurrencies including mining.

According to local publications, Venezolana de Industria Tecnológica (VIT) will be assembling mining rigs for installation throughout Venezuela, Ultimas Noticias cited VIT president Jorge Michainaux explaining. “He indicated that the company will work on the creation of the petro container, which are portable centers for mining,” the news outlet wrote, adding:

Maduro said that the objective is to strengthen the use of cryptocurrencies as part of an economic revolution to democratize the international financial system…they will have the petro and all the cryptocurrencies [such as] ethereum [and] bitcoin, but also the new cryptocurrencies that are being created in the world.

Strengthening the Petro

According to Telesur, Maduro hopes that these cryptocurrency mining farms will “strengthen the petro.” However, the new Venezuelan digital currency itself is pre-mined. “At the beginning of the [petro] pre-sale process, the entire issue will be in the digital portfolios of the Republic,” the currency’s whitepaper states.

The pre-sale of the petro supposedly began on February 20. Maduro claimed that it has “generated over US$5 billion during its pre-sale period and, as of March 10, had recorded more than 186,000 certified purchases,” Telesur conveyed.

Venezuela Recruiting Citizens to Mine Cryptocurrencies
Tareck El Aissami.

On Friday, Venezuela’s vice president Tareck El Aissami presented the Draft Constituent Law of the Petro before the National Constituent Assembly. However, the National Assembly has repeatedly spoken against this new currency, declaring it illegal and against the constitution of Venezuela.

What do you think of Venezuela recruiting young people to build cryptocurrency mining farms? Let us know in the comments section below.

Images courtesy of Shutterstock and the Venezuelan government.

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