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   460

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.

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Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   188

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.