The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Pablo Escobar’s Brother Launches Ethereum-based Cryptocurrency to Fund Trump Impeachment Campaign

by Daily Hodl Staff
January 11, 2019
in Altcoins

In an attempt to impeach US President Donald Trump, the brother of the late narco kingpin Pablo Escobar is setting up an initial coin offering (ICO) to raise money. He initially sought to crowdsource $50 million through GoFundMe but the popular crowdfunding platform pulled the plug on his campaign.

In response, Roberto Escobar is running an ICO to prevent any centralized platforms from interfering with his fundraising efforts and his Impeach Trump Fund.

According to a report by The Next Web’s Hard Fork, Escobar Inc. claims that their recently intercepted GoFundMe page made over $10 million in 10 hours and that shortly thereafter the Trump Administration shut it down.

Olof Gustafsson, CEO of Escobar Inc., told Hard Fork,

“Originally the goal was to raise $50 million just using the GoFundMe platform.  After raising $10 million in just 10 hours we were shut down by GoFundMe and within 24 hours launched the ESCOBAR stablecoin cryptocurrency to avoid anyone censoring us again. We believe the Trump Administration [sic] or President Trump shut us down.”

The estate plans to use its new coin for even loftier dreams than ousting the US president.

Roberto Escobar explains,

“There will be one day when you can use cryptocurrency for all types of payments, such as houses, cars and even chewing gum. That day is yesterday. Now it is time to have a secure alternative to the USD. The ESCOBAR cryptocurrency token is designed as this.”

According to the report, Roberto Escobar’s new stablecoin – Escobar – will be pegged to the US dollar. 

As explained in the coin’s whitepaper, Escobar is an ERC-20 token and one billion tokens will be released through the Ethereum blockchain.

Escobar Inc. claims its new coin could rival the stablecoin Tether, which they say is untrustworthy.

But it’s not just Tether that’s corrupt, according to the estate. It’s most stablecoins created by “unknown companies.”

Last year Roberto Escobar released his own Bitcoin hard fork called dietbitcoin (DDX), which has a 24-hour trading volume of a few hundred dollars, and published a book called “The True Story by Roberto Escobar: Pablo Escobar’s Dietbitcoin” which claimed that Satoshi Nakamoto, creator of Bitcoin, is actually the CIA.

He says the CIA will one day dump all of its Bitcoin, plunging its price to zero.

As Colombia’s most-wanted drug lord, Pablo Escobar reportedly smuggled over 80% of the total supply of cocaine in the US at the height of his career, racking in an estimated $22 billion in annual revenue. He was eventually gunned down and killed after an extensive manhunt by a special Colombian police unit that was assisted by US special forces, US Army intelligence, and members of the CIA and Drug Enforcement Administration.

Listed on the Ethereum blockchain, the Escobar token, according to the white paper, will remain stable and will be redeemable for one US dollar after June 1, 2019.

[the_ad id="42537"] [the_ad id="42536"]
Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
  • Metatime Raises $11M in Private Funding To Enhance Web 3.0 Ecosystem
    March 21, 2023
  • Coinfest Asia Is Back in 2023 Carrying the Theme of Web 2.5
    March 20, 2023
  • Poolz Security Incident Prompts Rapid Response and Platform Restructuring
    March 16, 2023
  • Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar To Combat Centralized Stablecoins
    March 16, 2023
  • Partnership Announcement – Oraichain x DoraHacks
    March 16, 2023
  • Wemade Announces Partnership With Space and Time To Power Blockchain and Gaming Services
    March 15, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$28,274.58
$28,274.58
1.01%
Ethereum
$1,812.88
$1,812.88
3.63%
Cardano
$0.373574
$0.373574
11.24%
XRP
$0.471975
$0.471975
24.8%
Dogecoin
$0.077269
$0.077269
7.1%

Spotlight

  • Bitcoin Critic Nouriel Roubini Blasts BTC Amid US Banking Crisis, Says Crypto House of Cards Is Collapsing
    March 15, 2023
  • Bitcoin (BTC) Primed for Over 270% Explosion, Predicts Messari CEO Ryan Selkis – Here’s the Timeline
    March 17, 2023
  • Bloomberg Analyst Says Bitcoin (BTC) Undergoing Fundamental Paradigm Shift as US Banking System Faulters
    March 20, 2023
  • Trader Who Nailed Crypto Bottom Says Bitcoin and Ethereum Primed for Massive Rally Following Strong Weekly Close
    March 14, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl