2018-7-26 14:30 |
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
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Venezuela is endowed with natural resources that its state-backed cryptocurrency, the Petro, is pegged one-to-one with a barrel of oil. Surprisingly, oil is scarce. Often, citizens scramble to fill up their car tanks after queuing for days.
2020-6-3 18:00 | |
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Many people outside of Venezuela still don’t take the Petro cryptocurrency all that seriously. Even local residents are getting annoyed, according to one Reddit user. There have always been many questions regarding Venezuela’s Petro cryptocurrency.
2020-5-3 01:00 | |
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The president of Venezuela, Nicolas Maduro, is not as pro-crypto as he seems. He just wants to seize the opportunity to promote Petro and deal with hyperinflation
2019-11-13 18:00 | |
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President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.
2019-7-5 13:00 | |
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Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be used.
2019-5-18 02:00 | |
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This is Part 1 of our article on Petro and Venezuela. Episodes of wars and conflict have long been tools by which empires have risen and fallen. With the onset of the new age and the Industrial Revolution, a key component of what makes the world tick was revealed – money, or more specifically, the […] The post Petro and Venezuela: The origin of a cryptocurrency that was supposed to save the country appeared first on AMBCrypto.
2019-3-31 16:30 | |
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Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade.
2019-1-14 23:00 | |
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Reports coming out for Venezuela suggest that the government is now forcibly converting pensions from fiat to Petro, without the consent of their citizens. The Caracas Chronicles, which reports on Venezuelan issues in the English language, stated that On December 7, they [pensioners] got two messages and it seemed like the money for the pension […] The post Venezuela Continues to Drive the Petro Despite Ongoing Controversy appeared first on ZyCrypto.
2018-12-14 12:01 | |
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CoinSpeaker Report: Venezuela State Oversteps All the Limits as Pensioners are Now Forced to Use Petro Now elderly people in Venezuela will get their monthly pensions in the Petro, despite the fact that it still can’t be used.
2018-12-13 11:57 | |
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Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.
2018-12-7 18:00 | |
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Venezuela’s President Tells Citizens To Invest In Gold And The Petro Crypto Nicolas Maduro, the president of Venezuela, has been reported by the local media outlet Noticiero Digital to go to television and ask workers to invest in gold and in the Petro, the new state-backed cryptocurrency which will allegedly be backed by Venezuelan oil. […]
2018-10-19 22:14 | |
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The Venezuelan Petro is a cryptocurrency that is very much used to being in the limelight. Not for being a technological revolution, more for its association with oil funding and funding from the Russian government.
2018-7-6 12:00 | |
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The Venezuelan Minister of Habitat and Housing Ildemaro Villarroel has announced that the country’s government is planning to fund the construction of houses for the homeless with the national cryptocurrency Petro, Criptotendencia reports Thursday, June 5.
2018-7-6 06:36 | |
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The government of Venezuela is funding a housing initiative for the homeless with the national oil-backed cryptocurrency, the Petro
2018-7-6 04:08 | |
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As per an announcement reported via native news, Telesur, it is believed that the next use of Venezuela’s oil-based cryptocurrency, Petro has been established. The minister of the Habitat and Housing of Venezuela, Ildemaro Villarroel confirmed that new efforts are in place to provide housing to the country’s homeless through a project called “La Gran […]
2018-7-5 08:54 | |
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It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Venezuela and Nano Mix Well According to a recent Reddit thread, the financial situation in Venezuela is only getting worse. It is evident financial hardship has become the new normal in
2018-7-3 17:57 | |
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The financial situation in Venezuela looks anything but impressive. Financial hardship has become the new normal in this part of the world. It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro.
2018-7-3 03:00 | |
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Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.
2018-6-22 03:00 | |
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One of the largest privately held commercial banks in China has completed the issuance of securities worth $66 million via blockchain.
Bitstamp, bitFlyer, Bittrex and Gemini launched a self-regulatory organization (SRO) for crypto exchanges on Monday.
A group of judges, lawmakers and industry experts in South Korea are forming a new law society to discuss legal issues surrounding blockchain.
SBI Holdings is making a new round of investment in a cryptocurrency exchange that's under increased scrutiny from the country's financial regulator.
A cryptocurrency dealer is being prosecuted in the U.S. for allegedly committing 30 counts of money laundering involving bitcoin.
Chinese police have arrested three individuals who allegedly stole bitcoin and other cryptocurrencies worth around 600 million yuan, or $87 million.
A bomb threat was sent on Saturday to Kryptovault, a Norwegian cryptocurrency mining company, for disturbing the peace.