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.@rodarmor I dropped a @RASC_WTF Viking in your wallet with a living worm eye! Have a wonderful Wednesday! Inscription 0 is probably wondering what the smell is
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🚨🚨🚨 #CryptoNews: Venezuela Ends Petro Dollar
1⃣ Venezuela officially discontinues #Petro, converting assets to bolivars.
2⃣ #PetroDollar end marks the closure of President Maduro's six-year crypto project, initially launched to bypass US sanctions.
3⃣Venezuela faces an ongoing ban on cryptocurrency mining.
4⃣The Petro, backed by oil reserves and initially valued at $60, was plagued by scandals and operational issues.
5⃣ A corruption scandal in oil operations using crypto assets led to high-profile resignations and arrests, including top officials from the Sunacrip crypto regulator.
6⃣ A crackdown on Bitcoin mining followed, with about 80 arrests and around 75,000 mining units disconnected.
Despite its aims, Petro struggled for acceptance and utility, ultimately culminating in its closure.