CRYPTO INSIDER: Venezuela launches a cryptocurrency
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Venezuela has officially launched the sale of its commodity-backed cryptocurrency, the petro. The coin is meant to be a workaround to avoid sanctions against Venezuela's official currency, the bolivar, which has been rocked by hyperinflation.
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Here's what you need to know in crypto today:
- Bitcoin is back above $11,000
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- Bank of England's Mark Carney: Bitcoin has 'failed' one of its key aims
- This new video game will offer one whole bitcoin to the first person who solves its 'mind bending' puzzles
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