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| What Is Cryptocurrency? Cryptocurrency is an electronic cash system that doesn't rely on central banks or trusted third parties to verify transactions and create new units. Instead, it uses cryptography to confirm transactions on a publicly distributed ledger called the blockchain, enabling direct peer-to-peer payments.
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Venezuela: Petro Reaches $5 Billion in Pre-Sales The Petro, the world's first national cryptocurrency based on natural resources, has generated sales over five billion dollars during its pre-sale period and has recorded over 186,000 certified purchases. The sale of the Petro has also significantly strengthened the country's foreign reserves amid ...
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