Sale of Venezuelan Petro launches
Venezuela is currently suffering from an economically desperate situation. Among other things, this is due to sanctions on the part of the USA. The solution to the problem sees the President Nicolas Maduro in the establishment of its own state crypto currency , the Petro. The petro is to be covered by the oil reserves of the country. This refers primarily to the oil field in Orinoco. Yesterday, the sale of the first 38.4 million petro started. A total of 100 million petro are to be provided. A Petro costs as much as a barrel of oil: $ 60. The petro-course should be linked to the price of oil.
Is Lenovo using Blockchain technology?
Lenovo is a computer manufacturer based in Hong Kong. The company filed a patent with the US Patent and Trademark Office (USPTO) last week. The patent describes a mechanism to check documents and protocols for their validity and authenticity. In essence, this is a digital signature that is encoded. This signature can be decoded again from another computer. The patent also includes a solution for encoding physical documents. This would make it possible to cryptographically encrypt physical documents, such as contracts or documents . This should prevent subsequent falsification of documents.
High spending on Bitcoin in Nigeria
Nigeria is a country with about 186 million inhabitants. In Nigeria, citizens spend up to $ 4 million a week on the cryptocurrency Bitcoin . Although the Central Bank of the country declared that crypto currencies are not considered legal tender and state banks at their own risk when using crypto currency trading, trading volume increases of Bitcoincontinues. There are more than 13 crypto exchanges in Nigeria, Given this volume, it is expected that Nigerian governments will implement regulations or even ban cryptocurrencies altogether. If the trading volume continues to rise, that would be appropriate and useful.
Identification system of OmiseGo in Thailand
OmiseGo and the Ministry of Digital Affairs in Thailand have jointly signed a memorandum of understanding, the Memorandum of Understanding, to establish an identification and payment system based on the Omise- DApp nationwide. The aim of the company is to develop a digital system that will enable the identification of Thai citizens in the private and public sectors. But even a nationwide payment system, even for citizens who do not yet have an account with a bank, should be developed. In support of the Memorandum of Understanding, it is stated that one wishes to protect against fraud. That might work, Estonia’s e-residency program works.
That was it from us again. Come back tomorrow!
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