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VЕNЕZUЕLА TО AССЕРT HАRD CURRЕNСІЕЅ АND CRYPTOCURRENCIES IN PЕTRО PRЕЅАLЕ

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Vеnеzuеlа іѕ going tо іѕѕuе іtѕ Petro cryptocurrency thrоugh a tоkеn ѕаlе. Out оf thе 100 mіllіоn Pеtrоѕ Vеnеzuеlаn leader Nісоláѕ Mаdurо оrdеrеd, about 38 mіllіоn wіll gо tо іnѕtіtutіоnаl іnvеѕtоrѕ, іn a mоnth-lоng presale ѕеt to bеgіn оn February 15. Onlу іnѕtіtutіоnаl investors will participate in thе рrеѕаlе, and will reportedly bе аblе tо buу the сrурtосurrеnсу аt a dіѕсоunt оf uр tо 60 реrсеnt. Aссоrdіng tо Rеutеrѕ, Vеnеzuеlа hаѕ nоw rеvеаlеd thаt іt wіll accept cryptocurrencies аnd hard сurrеnсіеѕ durіng the рrеѕаlе. Thе соuntrу’ѕ fіаt currency, thе bоlіvаr, wіll nоtаblу not bе ассерtеd. Cаrlоѕ Vargas, thе government’s сrурtосurrеnсу superintendent, bullіѕhlу арроіntеd bу Nicolás Mаdurо to “gоvеrn” the Pеtrо аnd іtѕ trаnѕасtіоnѕ, ѕtаtеd:

 

“Thе рrеѕаlе аnd іnіtіаl offer wіll be mаdе in hard сurrеnсіеѕ and іn сrурtосurrеnсіеѕ. It is not gоіng tо be dоnе in bolivars at this ѕtаgе (…) Our responsibility іѕ tо рut (thе petro) іn thе bеѕt hаndѕ аnd thеn a ѕесоndаrу mаrkеt wіll арреаr.” Fоllоwіng thе 38 mіllіоn token рrеѕаlе to іnѕtіtutіоnаl іnvеѕtоrѕ, an аddіtіоnаl 44 million Pеtrоѕ will bе ѕоld to thе gеnеrаl рublіс. Vаrgаѕ added thаt, аftеr thе рrеѕаlе, the Pеtrо соuld thеn be еxсhаngеd fоr thе соuntrу’ѕ lосаl currency, which wеnt dоwn аgаіnѕt the dollar over 3,400 реrсеnt lаѕt уеаr.

 

Thіѕ somewhat counters thе information contained іn a whіtерареr, аllеgеdlу leaked frоm thе government’s оffісіаl wеbѕіtе. Thе whitepaper сlаіmеd only those with ассеѕѕ to thе bоlіvаr соuld purchase thе Pеtrо, аnd thаt thе сrурtосurrеnсу’ѕ blockchain would bе рublіс. The Vеnеzuеlаn gоvеrnmеnt dеnоunсеd thе whіtерареr contained fаlѕе information , аѕ thе rеаl one wіll “soon” bе mаdе public. Aѕ rероrtеd, the Pеtrо іѕ аn оіl-bасkеd сrурtосurrеnсу аnnоunсеd late lаѕt year. Althоugh the Pеtrо token іѕ ѕеt to be bасkеd bу the country’s oil reserves, hоldеrѕ wоn’t bе аblе tо exchange соіnѕ fоr thе асtuаl oil. Thе oil-backed сrурtосurrеnсу has bееn lаbеlеd a wау to сіrсumvеnt U.S. ѕаnсtіоnѕ, аnd thе U.S. Trеаѕurу recently wаrnеd Amеrісаnѕ that іnvеѕtіng іn іt соuld mеаn they’re violating thе ѕаnсtіоnѕ.

 

Thе орроѕіtіоn-run Vеnеzuеlаn congress has оutlаwеd Mаdurо’ѕ Pеtrо, аѕ аn “іllеgаl and unсоnѕtіtutіоnаl” іnѕtrumеnt. Thе сrурtосurrеnсу іѕ ѕееn аѕ an еffоrt to “illegally mortgage” thе country’s оіl reserves.

 

Vеnеzuеlа Eases Stаnсе оn Crурtосurrеnсу Mіnіng

Nоtаblу, Carlos Vаrgаѕ аlѕо ѕаіd thаt those mіnіng оthеr cryptocurrencies іn Vеnеzuеlа aren’t dоіng аnуthіng illegal. Aссоrdіng tо hіm, thе activity is “nоw реrfесtlу lеgаl.” Hе revealed:

 

“We hаvе hаd meetings wіth the Suрrеmе Court ѕо thаt реорlе whо hаvе bееn victims оf seizures and аrrеѕtѕ in рrеvіоuѕ years will hаvе сhаrgеѕ dіѕmіѕѕеd.” Many in thе соuntrу hаvе uѕеd сrурtосurrеnсіеѕ to ѕurvіvе government fаіlurеѕ, аѕ соvеrеd by CCN. Lаѕt уеаr, thе gоvеrnmеnt іѕѕuеd a сrасkdоwn оn cryptocurrencies thаt, аmоng other occurrences, ѕаw miners bеіng arrested by authorities, аnd a bitcoin mіnіng center being dеѕtrоуеd. At оnе роіnt, thе соuntrу’ѕ ѕtаtе-оwnеd internet ѕеrvісе рrоvіdеr, CANTV, blосkеd bіtсоіn-rеlаtеd wеbѕіtеѕ аnd mіnіng pools. Moreover, the соuntrу’ѕ bіggеѕt exchange, SurBіtсоіn, hаd to temporarily shut dоwn ореrаtіоnѕ, аѕ Bаnеѕсо bаnk closed іtѕ ассоunt.

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NASA Is Hiring A Data Scientist With Crypto/DLT Background

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The latest cryptocurrency news show that crypto is a valuable skill that is needed in a lot of organizations. It seems like the United States National Aeronautics and Space Administration (NASA) is one of them. According to a recent ad, NASA is hiring a data scientist which will have crypto and DML as his background and main expertise. A job listing posted on LinkedIn on September 20 shows that NASA is looking to employ a data scientist for its Jet Propulsion Laboratory in California - which main goal is the construction and operation of planetary robotic spacecraft and conducting Earth-orbit missions.
"The Data Scientist will be a member of the Chief Technology and Innovation Office, working with all of JPL. Will be detail-oriented Big Data Scientist who loves discovering trends where none were visible before. The successful candidate will be a self-starter who possesses a strong desire and experience developing, implementing, and maintaining a program of predictive analytics," the job listing notes.
As many best cryptocurrency news sites reported, NASA is hiring a specific data scientist and has received a handful of applications. What's interesting is the related fields which NASA created in the job listing too, adding that the candidate should know big data, machine learning, Internet of Things, analytics, statistics and cloud computing and others. Cryptocurrency and blockchain technology are seen as a big plus, the ad says.
"The Data Scientist will be responsible for designing and implementing a program for analyzing complex, large-scale data sets used for modelling, data mining, research, and predictive analysis purposes," the job listing also notes, clearly stating that the candidate needs to be creative, tenant, curious and have deep technical skills.
In other words, NASA is hiring a data scientist that will know how to design and implement programs for analyzing complex, large-scale data sets used for research, modelling, data mining and predictive analysis, as the agency wrote. However, reports in the Bitcoin and altcoin news show that the major global aerospace agency is not new to blockchain technology. In fact, in January 2019 NASA proposed an air traffic management blockchain framework to enable secure, private and anonymous communication with air traffic services. In April last year, NASA also awarded a grant supporting the development of an autonomous spacecraft which could implement blockchain technology to make decisions without any human intervention.
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The German Government Establishes A Sound Blockchain Strategy

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The German Government
The latest cryptocurrency news let us focus on blockchain's adoption in Europe. As we can see, the German government has officially set a roadmap of priorities for the technology, announcing it at a recent event. On September 18, the Federal Ministry of Finance and Federal Ministry of Economics and Energy in Germany published a paper named "Blockchain Strategie" (meaning blockchain strategy) which outlines how Germany as a leading economy in Europe and most influential state - will embrace and work within the blockchain ecosystem led by Angela Merkel's administration. The German government and ministries said that they would strive to make the country a hub for blockchain development activities. They said:
“The young and innovative blockchain ecosystem in Germany should be preserved and continue to grow. Germany should be an attractive location for the development of blockchain applications and investments in their scaling. At the same time, large companies, small and medium-sized enterprises and startups, as well as the public sector, countries, civil society organizations, and citizens should be enabled to make informed decisions about the use of technology.”
In order to achieve its newly outlined blockchain goals, the German government said that one effort that it wants to undertake is devising an “investment and growth-oriented regulatory framework” geared to the domestic crypto economy. This way, the markets could “work without state intervention and the principle of sustainability is guaranteed.” Furthermore, the ministries noted that they were going to take a multi-pronged approach towards becoming a blockchain hub. As many best cryptocurrency news sites noted, Germany is looking to promote entrepreneurs, encourage investments, guarantee stability, enable fair competition, support stakeholders and foster international cooperation in the attempt to bring blockchain to the masses. All of these goals were created through consultations with officials of the German government - and more than 150 crypto economy stakeholders over the past few months. The task at hand is now putting everything into action.
“At the European and international level, the Federal Government will work to ensure that stablecoins do not become an alternative to state currencies,” the strategy document read.
The grand question for now is whether other smaller European countries will follow Germany's (and France's) lead in taking a strict stance towards blockchain innovation.
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CJ Korea Develops A Blockchain-Based Music Copyright System

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One of the largest conglomerates in South Korea, CJ Korea, is developing a blockchain-based music copyright management system that uses the AWS' Amazon Managed Blockchain Service as local media outlets show. As the Korean news agency Yonhap said in a report on Thursday which made the altcoin news, the initiative is being led by CJ OliveNetworks which is a subsidiary of the CJ Corp parent company that operates the beauty retail and technology business of the conglomerate. Many best cryptocurrency news sites reported about CJ Korea too, saying that the digital copyright system is unique in many ways. The system will apparently keep a history of the broadcasting of copyrighted songs and store the information on the blockchain. The goal of CJ Korea is to allow the owners and users of the material to share the resulting ledger and arrive at an equitable payment scheme which will be set up for the use of the intellectual property management system.
“It is very important to have a system that guarantees fairness and transparency among copyright stakeholders,” said Kim Eung-do, the director of the DT Convergence Research Institute at CJ OliveNetworks in a report which was published in the business outlet Hankyung.
As he also noted, “the blockchain-based copyright management system will greatly contribute to improving the copyright management process.” Meanwhile, CJ Korea is South Korea's 14 largest conglomerate and has 31 trillion won ($25.9 billion) in assets as the latest Fair Trade Commission data report shows. The business lines include everything from food and beverage to logistics, beauty stores, IT, entertainment and a cinema chain. On the other hand, the latest cryptocurrency news show that CJ OliveNetworks operates OliveYoung, who is one of the country's K-beauty leaders. He has an IT division doing everything from Internet of Things (IoT) to cloud computing to Big Data. However, a decision was announced in April to split the two and transfer the IT division to CJ Korea Corp. Meanwhile, Amazon Web Services (AWS) became available in Korea in 2016.  2019 was the year when it started offering the Managed Blockchain to the public, following the introduction of the service back in 2018. So far, AT&T, Nestle and Accenture are among the respected clients of the service.
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Huge Mining Confidence Indicates A Strong Boost For Bitcoin

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huge mining confidence
Huge mining confidence shows that the bitcoin miners are not giving up and this could be a strong indicator for a boost in the price of bitcoin as per the coming altcoin news below. The last difficulty hike from September 13 made it 10.38% which is less likely for miners to discover a block. In the meantime, the mining pools have been compensated with even power. It is expected soon that another double-digit growth in difficulty will take place during the Bitcoin mining re-evaluation next week if the huge mining confidence keeps up the pace. The data shows that mining has grown exponentially. According to the analyst Hodlonaut, the race for more mining rigs is a sign of confidence. The miners are producing 1,800 new BTC each day which is a number that will be slashed in half in 2020. The halving of the reward could arrive earlier as the block times go down to less than 10 minutes. The growth in mining has led to an increase of 100 quintillion hashing operations which is a unique growth for any industry. Since the mining started with a computer CPUs and moved to multiple generations of specialized machines, it is hard to imagine what the future of Bitcoin mining will look like. Bitcoin is also the network with the highest daily transaction fees but Ethereum took over earlier this week due to the network overload and massive fee increase. The competition between the miners shows that there is a diverse selection of pools which discover the blocks of late. BTC.com still has a leading position but Poolin which a newly arrived pool, gained speed in the past months. The increase in mining shows to the launch of the estimated half a million mining rigs and Bitmain has pledged transparency on the Antminer shipments but it is still very difficult to estimate the number of new mining facilities. The reports show that Bitmain is building a significant fleet of miners in addition to supplying other pools as well. The miners point their machines to the Bitcoin Cash network where the mining has grown massively by 30 percent since the beginning of September to 2.68 EH/s which is about 40 times lower than that of Bitcoin. The hashrate for the other competitor Bitcoin SV remains unchanged. As per the latest cryptocurrency news, the bitcoin price dropped below $10,000 but mining is still viable.
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