As of the recent political events between the long term sworn enemies of the United States and Iran, new measures have been reintroduced by the former. The United States under the Donald Trump administration imposed fresh economic sanctions on Iran. Following the sanctions aftermath prices of commodities like Bitcoin and Gold started to steadily enter a bull run.
On Wednesday, President of Venezuela Nicolas Maduro revealed that 30 million barrels worth of oil placed in storage tanks is going to work as the backing for the OPEC nation’s government-owned digital asset known as Petro, that has been going through tougher times including being sanctioned by the U.S government under the leadership of President Donald Trump.
As the day goes by, new people claiming to be “Satoshi Nakamoto” the real maker of bitcoin emerge, and this time around, another instance has happened on Thai TV. The videotape displays an outstanding event at the Wat Phra Dhammakaya, where a prominent monk resembles Dorian Nakamoto. However, Dorian has refuted all the allegations saying he is the developer of Bitcoin. His epochal face has been frequently used to illuminate the unknown Satoshi.
In the latest news, we saw Donald Trump, the President of the USA and a successful businessman, criticizing the nature of cryptocurrencies such as Bitcoin. The market reacted immediately to the billionaire’s statement and BTC lost 14% of its value in a 7 day period. Was it an honest opinion or another attempt to manipulate the cryptocurrency market?
In 2018, West Virginia used the blockchain to conduct voting for a midterm election, and this made it the first U.S state to replace the ballot with a new technology. The state will go forward with the use of blockchain and distributed ledger technology (DLT) in all voting exercises, as stated by Donald Kersey, elections director in the West Virginia Secretary of State’s Office.
According to what is coming out of Washington, it seems like no deal has been struck between the Trump administration and the government of Turkey, led by President Tayyip Erdogan, continuing what is already a shaky financial situation.
Far back in October last year, a large number of anti-bitcoin strong statements were made by the Donald Trump Administration, that alluded the U.S. President could go forward to put a ban on cryptocurrencies such as Bitcoin, Ethereum before his term of office ends. As per now almost completing 2018 and still have no official word from the President concerning cryptocurrency, we should begin to question why there is no ban has been set.
On Monday, March 20, the White House released a new cryptocurrency trading ban, signed by the President of the United States, Donald Trump, on the Venezuelan state-issued digital currency, the Petro. The document includes a list of sanctions against Venezuela that are presently active.