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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (38848)	1/2/2018 2:02:23 PM
From: Goose94	Read Replies (1) of 203260

Bitcoin: Venezuela to launch oil-backed cryptocurrency. The Venezuelan government has said that within days it will launch a new cryptocurrency backed by its 5.3 billion barrels of oil reserves. "Camp one of the Ayacucho block will form the initial backing of this cryptocurrency," Jorge Rodriguez, Venezuela’s communications minister told reporters, referring to a section of the country’s southern Orinoco Belt. "It contains 5.342 billion certified barrels of oil. We're talking about backing of $267 billion.” Few analysts think that Caracas can successfully stage a new cryptocurrency or that it would help the beleaguered government in any real way.

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