Bitcoin News Summary – August 27, 2018

The post Bitcoin News Summary – August 27, 2018 appeared first on 99 Bitcoins.

Here’s what happened this week in Bitcoin in 99 seconds.  Venezuela’s president Nicolas Maduro announced a desperate new action to control its hyperinflation. The government will devalue the Bolivar by 95% and peg its value to that of Venezuela’s new government cryptocurrency. This crypto, known as the Petro, is linked to the oil price. [...]

by Ofir Beigel via 99 Bitcoins