2019-11-13 18:00 |
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
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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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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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Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.
2018-7-26 14:30 | |
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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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Crypto retail checkouts now have two levers that can move quickly, merchant rails that reduce processing cost, and consumer apps that toggle on crypto buying and spending. Walmart’s OnePay sits at the intersection of both, as a recent Zero Hash partnership allows the app to support Bitcoin and Ethereum trading, hosted wallets, peer-to-peer transfers, and […] The post US Bitcoin payments are getting real: Retail rails could push $2M a day on-chain appeared first on CryptoSlate.
Bitget saw a 683% increase in Gen Z users in November, marking a shift in crypto demographics following Donald Trump’s presidential election victory. Gen Z’s share of new users on the crypto exchange jumped from 26.
What are the key trends highlighted by the global crypto adoption index, and how do they reflect crypto’s role in global economic shifts? The global crypto adoption index is an essential tool for understanding how well different countries are adopting…
Chanalysis submitted a Polkadot governance proposal on April 18 that could lead to a $10 million partnership. The services provided by Chainalysis will include monitoring and tracing the DOT token activities on the Relay Chain, ensuring visibility of any potentially risky on-chain actions to regulators and institutional entities.
Banking giant HSBC is set to introduce digital asset custody services for tokenized securities such as bonds on the blockchain. The bank expects to go live with the service in 2024. The service is geared toward institutional investors and will continue expanding the lender’s offerings in the digital asset realm.
Advocates for the Bitcoin Lightning Network and decentralized protocol Nostr funded Kweks’ Kilimanjaro climb.
Polygon Labs announced on Sept. 29 that it has added Google Cloud to the decentralized group of validators powering its proof-of-stake Network. Polygon said in its statement that Google Cloud is now among more than 100 validators who secure the Polygon PoS Network, a network that originally operated under the name Matic Network and which […] The post Polygon adds Google Cloud to its validator set appeared first on CryptoSlate.