El Petro to Consider Us Ban As Advertisement

According to executive secretary of the Venezuelan "Blockchain Observatory", number of new El Petro investors doubled after Trump's sanctions
09 April 2018   818

According to the executive secretary of the Venezuelan "Blockchain Observatory" Daniel Peña, the sanctions imposed by President Donald Trump on El Petro are, in fact, "free advertising" of this cryptocurrency. This is reported by CCN.

Peña assures that the decree prohibiting US citizens from any operations with "oil-rich" cryptocurrency helped to double the number of investors interested in El Petro.

During an interview with the local edition of Cuatro F, Peña expressed the opinion that cryptocurrencies and the underlying technology of blockchain are "important steps for the revolution of mankind".

I answer you like Earle Herrera [a Venezuelan journalist] when he said that I do not know anything about cryptocurrency, nor do I have clarity about the evolution of the digital currency; But if US President Donald Trump gives it time, imagine that. A person so busy giving it his time, that means we’re on the right path.

Daniel Peña

Executive secretary, Venezuelan "Blockchain Observatory"

Thus, he believes, US sanctions caused the so-called "boomerang effect" in the form of increased interest in the El Petro project. According to Peña, if earlier there were about 400 investors a day, then after the introduction of sanctions by Trump, this number doubled.

Asked about when to improve the state of the Venezuelan economy, Daniel Peña responded as follows:

Petro’s impact will be felt within three to six months. We have already advanced fast. As the gringos know that we are going to quickly reorganize our economy, they attack the Bolivarian Government; but they will not stop the economy’s growth, they know it.

Daniel Peña

Executive secretary, Venezuelan "Blockchain Observatory"

One of the largest exchanges Bitfinex refused to list El Petro (PTR). Also, there is no "oil-backed" cryptocurrency on the popular analytical service CoinMarketCap.

ICOs to Lose Popularity, Diar Research Say

Diar assumes that in the future unregulated ICOs won't attract significant attention
11 December 2018   51

Although since the beginning of this year, ICO-startups have managed to raise over $ 12.2 billion, the November figure was only $ 65 million, according to data from a new study of the Diar portal.

According to analysts, the once popular method of financing, which allowed startups to attract tens and hundreds of millions of dollars in the absence of any product, exhausted itself against the background of fears about regulators' actions and the general dynamics of the cryptocurrency market, which did not leave retail investors with anything except for an unpleasant aftertaste.

This version is also supported by the data from the TokenData portal, which Diar leads in his research. Even with respect to the October levels, which constituted only a small fraction of what could be collected a few months ago, the November figures were 3 times lower.

Diar assumes that in the future unregulated ICOs as we have known them over the past years will no longer attract significant attention and will give way to regulated platforms of tokenized securities.