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Petro denial of Russia to Venezuela

Russia did not consider the idea of using Petro, a state-sponsored crypto currency planned to be used in commercial operations with Venezuela.

RUSSIA: YOU ARE NOT A TIME OF PETRO

According to reports by the RIA Novosti newspaper on December 13th, this statement belongs to finance minister Sergey Storchak, who spoke to reporters this week. In October, the Venezuelan government officially launched Petro, which it hoped to restore its rapidly failed economy and skip western sanctions. President Nicolas Maduro has artificially raised the exchange rate Bolivar, the country's national currency, several times. High-level negotiations between Caracas and Moscow continue. But Petro's direct integration with Moskovo is outside the table.

Storchak summed up the situation:

Tı Our tax services and representatives from our central bank hizmet were acquainted with the crypto money Venezuela currently offers. But not more than that. When it comes to payments, it can't yet happen. Öd

CRYPTING CHOICE OF DROP COUNTRIES

Russia; He showed Maduro to refrain from criminal sanctions against the Venezuelan economy and to help Petro integrate into the international community.

This crypto-currency based on highly suspicious financials; He came with his own promotional group, in which he hoped to convince foreign currencies of various countries to accept the use of crypto currency in trade.

The project does not seem to work so much to change the lives of the citizens, the majority of whom are increasingly under desperate conditions.

Venezuelan Hyperinflation Makes Bitcoin An Ideal Way To Transact

If a link is established between Russia and Petro, it will also fuel other states' similar aspirations to overcome the bureaucratic obstacles and economic sanctions.

Unrecognized countries supported by Russia; - The two ın People's Republics. In Abkhazia, Georgia, Transnistria and Eastern Ukraine in Georgia - have expressed their plans to use a crypto currency to improve their economic situation.

Two of the three unrecognized states are currently using the Russian ruble. But the Transnistria have no legal status outside their own ruble.

Source: Bitcoinist

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Real crypto OG's will rally around me.

The real ones that know the truth, and what happened from day 1.

Talk to you guys soon.⏳#FreeTrevon

— Trevon James, Founder of our.glass Crypto (@BitcoinTre) May 28, 2021

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph