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Blockchain: Last Week Updates. #SDdigest

27.08.2018 — 0

  • Venezuelan President Nicolas Maduro devalues fiat currency by 95% (about five zeroes) and ties Venezuela’s currency to the contentious "oil-backed" cryptocurrency Petro to fight a hyperinflation.

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The Venezuelan government decided to peg the value of the petro to the cost of a barrel of oil (about $60).

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“Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to securely store cryptocurrency.”

Bank of America seems to be seeing significant potential in the cryptocurrency market.

  • China has released its August blockchain rankings, created by China Electronic Information Industry Development Research Institute and the China Software Testing Center, featured the contributions of professors and researchers at the country’s most prestigious educational institutions.

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The rating pins EOC on top, Ethereum at №2 and Blockchain only at №10.

Have a nice and productive week! See you next Monday!

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