Crypto Daily News | Bitcoin (BTC) Bull Run, Petro Coin, and MetaMask
On today’s segment of Crypto Daily News, we’ll cover the thriving Bitcoin (BTC) and the cryptocurrency market, Venezuela’s president trading the national currency for one tied to its ‘Petro Coin,’ and MetaMask being removed from the Google Chrome store for a few hours.
Crypto Daily News: July 26th, 2018
Crypto Daily News: Bitcoin (BTC) and the Crypto Market
Bitcoin has been on a nine-day bull run, and currently, the cryptocurrency is still sitting above the $8,100 mark.
At press time, BTC is trading at $8,193.45 a coin, up 0.14% in 24 hours. For the week, Bitcoin is up 10%, and for the month, the cryptocurrency is up 32.50%.
Nearly all of the top 15 cryptocurrencies are trading in the green today, and the total crypto market is sitting just above the $300 billion mark.
Crypto Daily News: Petro-Backed Coin Takes Over Venezuela
The Venezuelan president, Nicolas Maduro, just made a major announcement that his country will be replacing its national currency. Currently, the bolivar is Venezuela’s national currency, but the country has been in a steep recession for quite some time making the currency practically useless.
The new bolivar Soberano will make its appearance into the country next month and will take the place of the bolivar. According to a local news source teleSUR, the president states that this new currency will be “anchored” to the oil-backed Petro cryptocurrency.
The Petro was launched back in February in an effort to save Venezuela from its steep recession but received global backlash in doing so.
According to teleSUR, Maduro said:
“The economic reconversion will start on August 20 definitively with the circulation and issuance of the new Sovereign Bolivar,