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| Venezuela's Bizarre Campaign to Launch Its Own Cryptocurrency In January, the Venezuelan government released a curious white paper detailing plans for the world's first government-sponsored cryptocurrency called petro, which would be backed by the country's oil reserves. Now the idea is coming to life—and it's confusing. After launching a presale for the tokens ...
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| Bank of America admits cryptocurrency is threatening its business model But a January "dip" may have led newer investors, or speculators, to ice their wounds in safer markets after prices tumbled over 50 percent. As Bitcoin and the altcoin market continue to recover, expect the hype cycle to start again and for cryptocurrency to wedge its way, firmly this time, into the lexicon.
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