Tesla sues ex-employee alleging data theft, leaks to media
With Billions At Stake, Supreme Court Rules States May Tax Online Retailers
Trump trade adviser says tariffs are 'necessary to defend this country'
1 deputy killed, another critically hurt in KCK shooting
White House Hits China With New Tariffs, Ramping up Trade War
Struggling Venezuela to start selling 'petro' cryptocurrency
22 February 2018, 12:58 | Vera Richards
Venezuela's President Nicolas Maduro speaks during the event launching the new Venezuelan cryptocurrency Petro in Caracas Thomson Reuters
Investors have purchased some $735 million worth of Venezuela's oil-backed cryptocurrency on the very first day of pre-sale, according to President Nicolas Maduro, who praised it as means of breaching the United States financial blockade.
"Together it is possible to build history, we are at the technological forefront of the world", the president said after ordering the certification of more than five thousand miners who will exploit the cryptocurrency in the country.
The petro is different from almost all other cryptocurrencies in that it has the enthusiastic support of the state; Russian Federation reportedly also has considered creating its own cryptocurrency to skirt global sanctions.
WWE RAW Results 12 February - The Elimination Chamber Blues
We're two weeks away from the Elimination Chamber in which we will see a woman's Chamber for the first time. -Braun Strowman vs. As Elias crawled to the back, Strowman chased him down and used his bass as a weapon, smashing it against his rival's back.
The US also warned that buying the petro could violate sanctions against Venezuela, which prohibit the purchase of newly issued Venezuelan debt. The short answer is: "It simply can't". On the other hand, the opposition leaders of Venezuela have also snubbed this move by saying "the sale constitutes an illegal debt issuance that circumvents Venezuela's majority-opposition legislature, and the U.S. Treasury Department has warned it may violate sanctions levied past year", reports Reuters.
Cryptocurrency experts are looking at Venezuela's foray into digital currencies with a mix of intrigue and suspicion, excited by the prospect of a government willing to accept cryptocurrency for payments like taxes but also concerned about the potential lack of oversight.
Maduro has also touted the petro as the fulfilment of the late Hugo Chavez's dream of upending global capitalism away from the dominance of the US dollar and Wall Street. They will create 100 million virtual currencies without extra emissions. And Venezuela's inflation rises faster in a day than that in stable countries does in a year, he said, adding that dreaming up a new currency alone isn't the answer.
While polls show the majority of Venezuelans plan to head to the polls, they overwhelming indicate they are apathetic about the current opposition field, which is lead by former governor Henri Falcon.
"With the Venezuelan bolivar suffering from hyperinflation and the type of volatility usually reserved for the crypto markets, the petro appears to be an attempt to raise much-needed foreign capital".
Last month, U.S. Senators Marco Rubio (R-FL) and Bob Menendez (D-NJ) urged U.S. Treasury Department Secretary Steven Mnuchin "to outline the department's enforcement mechanisms and efforts to combat the Maduro regime's plans to use cryptocurrencies to evade U.S. sanctions".
Though the Petro's value is tied to crude oil, it doesn't actually translate to ownership of any concrete assets. One document highlights the use of Ethereum network while another document which is now being referred to as the buyer's guide shows the use of NEM blockchain system.
Emily Sweeney crashes on final run, says she "is fine"
So thanks for all the support, you guys. "I knew I wanted to continue being an athlete, but I didn't want to only be an athlete". While flying down the luge track at 70 miles per hour, Sweeney's sled wobbled out of control, eventually turning her sideways.
Iran finds plane wreckage and bodies after three days
However, US President Donald Trump's refusal to recertify the deal has injected uncertainty into those sales. Aseman Airlines spokesman Mohammad Taghi Tabatabai told state TV that all on board Flight EP3704 were killed.
UAE- Soon, Instagram to alert you when your story is screenshot
Instagram has started testing a new feature that alerts users when someone tries to snap a screenshot of the stories they share. This, means that users will be safe from the star icon, the first time they attempt to take a shot of someone's InstaStory.
UK trying to grab attention with sea mission - China paper
Mr Williamson said: "She'll be sailing through the South China Sea . and making it clear our navy has a right to do that". China and the Philippines were involved in a territorial spat over rights to that body of water two years ago.
FCC to approve SpaceX broadband application
The plans received a green light as soon as the FCC approved SpaceX's application for launching the test satellites into space. This will drastically cut the latency measured from GEO satellites from 600ms to between 25 to 35ms in low-earth orbit (LEO).
Tata, Mahindra showcase future mobility products
Meanwhile, Honda Motorcycle and Scooter India unveiled a total of 11 two-wheelers, including a new 160 cc motorcycle, "X-Blade". A Bengaluru-based tech start-up Emflux Motors unveiled India's first electric superbike dubbed as the Emflux One at the event.
Nikki Haley to Chief Palestinian Negotiator: 'I Will Not Shut Up'
Middle East negotiator, were seated directly behind Nikki Haley, the U.S. ambassador to the United Nations, for the Abbas address. Ms Haley called on Mr Abbas to be courageous enough to move on from anger at the decision to relocate the United States embassy.