Today the USG under the name of President Trump announced sanctions against an ICO offering advanced by the Maduro government in Venezuala. Expect substantial wank and declarations of "effectiveness" in the USG's combat against "trade" in this plainly toxic asset no one but the criminal ICO issuers wanted in the first place. Full text below: Continue reading
The government of Djibouti seized the Doraleh Container Terminal from UAE based DP World. In doing so the theives governing Djibouti unilaterally breached a 30 year contract they entered into with DP World in 2006 allowing the firm to develop the port out of nothing and operate the port as part of their enterprise. Operations at the port began in 2009. (archived)
Venezuelan President Nicolas Maduro officially launched his own socialist shitcoin, "El Petro" today for pre-sale, and claims that each coin will be backed by a single barrel of oil. Maduro said there will be around 100 million coins total, arbitrarily valued at $6 billion USD which he promises will be "a total success for the welfare of Venezuela.” $38.4 million of that amount were up for grab during today's pre-sale at discount prices in an attempt to lure new investors into his scheme. The ICO was allegedly opened as a counter to crippling economic sanctions, the majority of which are imposed by Maduro's "Ya Socialismo", and El Presidente is hoping that it will provide a new outlet for payments of goods and services in the territory.