Venezuela Ends Controversial Petro Cryptocurrency: Reports
President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation’s currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.
President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation’s currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
Bitcoin’s RSI divergence signals correction, 10x Research said.
The regulator also provided a timeline of the events in question.
The regulator’s latest update on the hack suggests it never lost access to the account.
Previous landmark events such as Coinbase’s stock exchange listing and ProShares’ futures’based bitcoin ETF debut happened at near market tops.
The crypto lender also agreed to cease its business activities in New York and forfeit its BitLicense to settle anti-money laundering and fraud charges against it.
The “NFTs on Bitcoin” project has capitalized on the popularity of the controversial Ordinals protocol, which has generated a flurry of interest in the original blockchain but added to congestion and higher fees.
Veri about inflows is still incomplete and market watchers might have to wait until Friday evening for the full picture, Bloomberg analyst Eric Balchunas pointed out.
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