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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 Makes Its Mandatory to Pay for Passport Using the Petro Cryptocurrency
Effective from November 1, the cost of issuing new passports is 2 Petros while that for the extension will be 1 Petro, said Venezuelan vice president Delcy Rodriguez The post Venezuela Makes Its Mandatory to Pay for Passport Using the Petro Cryptocurrency appeared first on CoinSpeaker. дальше »
2018-10-9 18:56 | |
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Venezuela Officially Launches State-Backed Petro, Passport Fees Now via Crypto-Only
Venezuelan President Nicolas Maduro officially launched the Petro, a state, and oil-backed cryptocurrency. According to the RT article published on October 8, 2018, while the goal of the state-backed cryptocurrency is to consolidate Venezuela’s economic stability, experts and analysts, however, remain skeptical and question whether oils and minerals back the token. дальше »
2018-10-8 17:00 | |
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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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Venezuela’s Petro: Public Sale to Commence on November 5, New Details Brought to the Surface
Venezuelan president Nicolas Maduro officially announced the public sale of the controversial national cryptocurrency Petro, which is set on November 5. The post Venezuela’s Petro: Public Sale to Commence on November 5, New Details Brought to the Surface appeared first on CoinSpeaker. дальше »
2018-10-6 20:27 | |
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Venezuela: President Nicolas Maduro Announces Launch of National Cryptocurrency
In an effort to reinvigorate an economy crippled by socialism on one hand and US-led sanctions on the other, Venezuela established the Economic Recovery, Growth, and Prosperity Program, which resulted in the development of a state-supported cryptocurrency. дальше »
2018-10-4 19:39 | |
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Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper
Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses. дальше »
2018-10-4 08:45 | |
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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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Venezuela’s useless Petro cryptocurrency will hit international markets in October
Venezuelan President Nicolsic] will enter the streets to become a means for commodity exchange, purchase and convertible currency for the whole world,” Maduro said (via Sputnik News). Maduro has been pushing the Petro for some time. дальше »
2018-9-21 15:35 | |
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Venezuelan Authorities Mandate Local Banks to Integrate Oil-backed Petro Cryptocurrency
Venezuela’s President Nicolas Maduro and his cabinet are determined to liberate the nation from the age-long economic crisis that has plagued the region, with its native digital currency the Petro. дальше »
2018-8-30 03:00 | |
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Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto
Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports. The post Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto appeared first on CoinSpeaker. дальше »
2018-8-29 12:28 | |
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President Maduro is forcing Venezuelan banks to use his dodgy cryptocurrency
Nicols been Maduro’s plan to pull Venezuela out of financial turmoil. Last month, its highest ever inflation rate was recorded, with prices for goods and services rising by at least 82,766 percent. дальше »
2018-8-28 13:15 | |
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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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Is Dash an answer to Venezuela hyperinflation?
With Venezuela facing a hyper-inflation that is making its fiat currency volatile and spiral out of control, there is a lot of confusion prevalent among the people. Over the weekend, the President Nicolas Maduro, devalued the Venezuelan Bolivar by 95%. дальше »
2018-8-23 16:36 | |
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Venezuela’s Native Fiat Bolivar Undergoes Historic Devaluation, Gets Pegged to ‘Petro’
As per the new guidelines from President Maduro, Bolivar has been devalued by 96%. While as inflation reach record-high, Venezuelan citizens express concerns and shift towards adopting digital assets. дальше »
2018-8-21 17:50 | |
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President of Venezuelan Cryptocurrencies Association: Cryptos are “The Evolution of Money”
The president of the Venezuelan Association of Cryptocurrencies “Asonacrip,” spoke on a radio show about his impressions of the potential that cryptocurrencies and blockchain technologies have for the evolution of the local economy. дальше »
2018-8-20 04:31 | |
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Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate
On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent. дальше »
2018-8-19 15:00 | |
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Venezuela’s Oil-Backed Cryptocurrency Petro will Officially be Second Alternative Currency
Petro Is Now The 2nd Alternate Currency In Venezuela It’s now official; Petro is the second accounting unit in Venezuela. According to a statement from the country’s president, Nicolas Maduro, the oil backed cryptocurrency will be officially used by the country’s state owned company PDVSA. дальше »
2018-8-17 19:40 | |
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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account
President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries. дальше »
2018-8-16 16:00 | |
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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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Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar
President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. дальше »
2018-8-15 19:55 | |
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Maduro’s Petro cryptocurrency will be an official currency in Venezuela – like the Bolivar
In a bid to save Venezuela from hyperinflation, embattled President Nicolnezuela will have a second accounting unit based on […] the value of the Petro. ” Maduro declared in a televised address (spotted by Sputnik). дальше »
2018-8-14 12:46 | |
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Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’
Venezuela will remove five zeros from its ailing currency, the bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26. Maduro: Bolivar Will ‘Anchor Petro’ The Bolivar, which had become so inflationary that online gaming tokens such as World of Warcraft gold were a more stable store of value, is currently worth just $0. дальше »
2018-7-28 11:00 | |
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Venezuela To Have a New Fiat Currency Anchored To Cryptocurrency Petro
A few hours ago, the president of Venezuela, Nicolas Maduro Moros, made a television announcement to the country in which he revealed new economic policies framed in what he described as a comprehensive plan to restore the country’s financial stability. дальше »
2018-7-26 19:06 | |
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Venezuela's New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token. дальше »
2018-7-26 14:30 | |
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Slow and Steady Wins the Race
These images that recently surfaced on Reddit are reportedly showing a donation of just $ 230 that has been channeled into Venezuela through a cryptocurrency called Nano. A quick look at the Local Bitcoins volume there shows another spike in peer to peer transactions over the past week. дальше »
2018-7-17 09:12 | |
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Venezuela monitoring bank accounts for Grupo transactions begin
Regulation The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said. He revealed that, as part of Operation Paper Hands, “5 дальше »
2018-6-15 15:42 | |
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Venezuela Begins Monitoring Bank Accounts for Crypto Transactions
The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said. дальше »
2018-6-15 13:50 | |
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Banks and Cryptocarrens Global Assessment: Middle East
As many advocate to replace the U. S. dollar as the global reserve currency, Bitcoin and nationalized cryptocurrencies may finally offer Muslim countries economic stability and leeway in Western politics. дальше »
2018-6-14 15:27 | |
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