Israel evacuates hundreds of Syria's White Helmets to Jordan
Warship ‘carrying $130 bln in gold’ found 113 years after sinking
Trump tweets it looks like his campaign spied upon illegally
The detail in Prince George's birthday portrait you might have missed
Iran Moves Ahead with Centrifuge Factory
Venezuela will introduce cryptocurrency to break the financial blockade
06 December 2017, 01:07 | Darnell Patrick
Maduro stands behind a cryptocurrency mining
Venezuela is to launch its own cryptocurrency to counter what it describes as Washington's "economic sabotage" in the shape of financial sanctions, the country's President Nicolas Maduro confirmed via a national broadcast.
However, other than that the President offered very few details. He outlined that the country will create a cryptocurrency, backed by oil, gas, gold, and diamond reserves.
Venezuela President Nicolas Maduro speaks during his weekly radio and TV broadcast on December 3, 2017.
Under the sanctions Washington imposed a ban on purchase of new Venezuelan debt securities by any person in the US that prevents the restructuring of external debt of Caracas.
Texas A&M to announce Jimbo Fisher as new football coach
Fisher said "all the ingredients (for success) are here" and mentioned Texas A&M's recruiting base, facilities and local support. He's now the 29th head football coach in Aggie history....filling big boots of past legends like Bear Bryant and R.C.
1 dead in school bus crash outside Savannah
The Georgia State Patrol was investigating and said "charges are pending" in the crash, which involved no other vehicles. Stay with WSBTV.com and watch Channel 2 Action News at Noon for updates on this developing story.
President Maduro's announcement comes after the recent drastic growth of bitcoin. Hitherto cryptocurrencies have not been backed by any government or central bank. The currency has lost 96% of its value this year.
Maduro's administration does not have a brilliant history in financial policy.
Excessive money printing and state currency controls have contributed to a 57 percent depreciation of the bolivar against the American dollar in the last month in black markets, according to Reuters. That has dragged down the monthly minimum wage to a mere $4.30 (3.2 pounds).
"The Maduro dictatorship continues to deprive the Venezuelan people of food and medicine, imprison the democratically-elected opposition, and violently suppress freedom of speech", Trump said in a statement. The decision was taken after Caracas November 12, missed the deadline for the payment of $ 200 million for two long-term loans, and Vice-President of Venezuela, Tarek El-Issam at the meeting with worldwide lenders have not offered any way out of financial difficulties.
Mueller subpoenas Deutsche Bank over loans to Trump
FILE PHOTO: The headquarters of Germany's Deutsche Bank is seen early evening in Frankfurt, Germany, January 26, 2016. Deutsche Bank is not the only Trump-related business interest that is attracting the attention of investigators.
Florida Teen Was Scared to Leave State With Soccer Coach
Officials at Fort White High School suspended Rodriguez, who coached the boys' soccer team at the school north of Gainesville. The sheriff's office said, the officer came to the vehicle , pulled it and took Rodriguez into custody.
Trump defends scaling back Utah monuments
He cited the 1906 Antiquities Act, which past Presidents have used to designate National Monuments, to scale back instead. Mr Trump will travel to Salt Lake City to make the announcement at a rally on Monday. "They don't know your land".
Doctors Who Declared Living Baby Dead Sacked
Meanwhile, Delhi police investigating the case have asked hospital authorities to present themselves in the police station. The premature baby, weighing less than 500g (1lb), was rushed back to hospital but died a short time later.
Disney buying Fox is becoming more and more likely
It has underperformed by 19.60% the S&P500.The move comes after 8 months positive chart setup for the $61.79B company. Water Asset Management Llc decreased American Wtr Wks Co Inc New (AWK) stake by 17.13% reported in 2017Q2 SEC filing.