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The Future of Petro: Will The National Crypto Survive If The Maduro Government Is Over?
Venezuela is facing some harsh times for a while now. In the last couple of years, the Maduro government is slowly but surely losing popular support and the economic crisis is quickly getting more and more severe. дальше »
2019-1-25 22:33 | |
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Russia Says Venezuela’s Petro Acceptance ‘Not Happening’
Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13. дальше »
2018-12-14 17:00 | |
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Venezuela to Use Petro Cryptocurrency in International Oil Trade
The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro. дальше »
2018-12-8 12:14 | |
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Maduro Orders Price of Venezuela’s ‘Cryptocurrency’ to More Than Double
Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. дальше »
2018-12-3 06:55 | |
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Drone assassination attempts are a reminder that better legislation is needed
In early August an assassination attempt on Venezuelan President Nicolas Maduro served as a jarring wake up call that the possibility of a drone attack against a public figure or civilian is real. дальше »
2018-11-17 17:30 | |
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Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year
The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. дальше »
2018-11-13 08:25 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Venezuela Finally Launches Controversial State-issued Petro Cryptocurrency
Venezuela’s President Nicolas Maduro recently announced the official launch of the Petro cryptocurrency. In a follow-up development, the government says payment for travel passports will now be made in Petro. дальше »
2018-10-7 17:00 | |
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Maduro: Petro Public Sale In November While Website and Wallet Are Live
Venezuelan President Nicholas Maduro has made a series of announcements concerning the Petro. Currently, the public sale for the controversial virtual currency is set for November 5th. Venezuelan President Nicholas Maduro gave key updates about the nation’s Petro digital currency during a joint radio and television broadcast. дальше »
2018-10-3 12:00 | |
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Where Is Petro – Venezuela’s Sovereign Cryptocurrency?
Cryptocurrency is the answer to some problems in the world, but it isn’t necessarily a savior for an economy plagued by hyperinflation and bad policies. The Nicolas Maduro led Venezuelan government has failed on several fronts to save the country from extreme hardships. дальше »
2018-9-6 16:29 | |
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Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’
Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release arrives after the national government re-denominated the old currency last week. дальше »
2018-8-28 13:00 | |
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Venezuela Government Launches Sovereign Calculator Android App for Crypto-Backed Bolivar
Venezuela Has Gone Ahead To Launch The Android App For The New Crypto Backed Bolivar Earlier on this week Nicolas Maduro the Venezuelan president went ahead to make the controversial decision on the current issue that exists in the new fiat currency that is referred to as the sovereign bolivar, should be backed by the […] дальше »
2018-8-24 20:56 | |
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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers
Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. дальше »
2018-8-16 00:26 | |
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Congress At Loggerheads With President Maduro Over Financing Housing Project Using Petro Cryptocurrency
A recent statement which was published by a local news media, Criptotendencia in the country reports that the Minister of Habitat and Housing Minister, Ildemaro Villarroel has revealed the government’s plan to build affordable houses for those who ordinarily can’t afford it. дальше »
2018-7-7 18:30 | |
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