Advertising revenue keep this site going. We do not actively endorse ads served to us.
Please use your due diligence while on this site.
We also do not get information from our visitors.
cryptocurrency August 15, 2018

Today Venezuela announces Petro cryptocurrency, Ethereum growth not tied to price, and blockchain groups push back against proposal of Korean ministry.

Image courtesy of CoinDesk.

Venezuela Announces Petro Currency

On August 20, a second government currency will be introduced to Venezuela. Reported by ABC Internacional, President Nicolás Maduro made the announce during a television address that the Petro, a government developed cryptocurrency, will be used in a new salary system as well as to obtain goods and services. It will also be used to obtains goods from PDVSA, the state oil company.

Ethereum Growth Not Tied to Prices

In an interview with Bloomberg, Joseph Lubin, the co-founder of Ethereum, said that the recent fall in cryptocurrency prices will not halt Ethereum’s growth, claiming this to be just another bubble. This drop is due to speculative investors and not indicative of the underlying infrastructure. This was anticipated and will not change Ethereum’s plans for improvement.

Blockchain Groups Push Back Against Proposal of Korean Ministry

A proposal was made by South Korea’s Ministry of SMEs and Startups with plans to amend their law, declaring crypto exchanges as entertainment and gambling business and instead of SMEs — small and medium-sized enterprises — and startups, and thus receive no tax or policy benefits. Blockchain groups fear that without those benefits, more will fail or move out of country. They also claim that it goes against President Moon Jae-in’s push for Korean blockchain groups to be included. The Ministry will remain open to feedback until Sept. 4.

Check out for a full list of ICOs and Pre-ICOs
Data courtesy of as of 10AM EST
Data courtesy of as of 10AM EST
Data courtesy of as of 10AM EST

Have a major development in mind or an opinion on a story listed above? Please submit your comments below to get the conversation started.

Follow ICO Alert on, Telegram, LinkedIn, Twitter, and Facebook.

Source: ICO Alert