Maduro announces Petro-backed funds to boost Venezuela’s economy

2019-10-17 10:30

Venezuela has long been fighting the woes of an unstable economy; President Nicolas Maduro announced strong steps to recover and strengthen the nation’s economic state. On October 16, Maduro communicated through a broadcast that he will be creating several government funds and will be denominated in its cryptocurrency, Petro.

Additionally, he will also be providing […]

The post Maduro announces Petro-backed funds to boost Venezuela’s economy appeared first on AMBCrypto.

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maduro venezuela economy funds announces boost petro-backed

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Источник: ambcrypto.com

maduro venezuela → Результатов: 93

Nicolas Maduro refuses to give up on Venezuela’s state cryptocurrency El Petro

It seems that the government of Venezuela isn’t ready to give up on its state-issued cryptocurrency ambitions. Speaking during a state broadcast last night, President Nicolas Maduro said protectorates and states would receive one million Petros — Venezuela’s home-brewed cryptocurrency — twice a month, from November onwards.

2019-10-17 16:14	hard fork
maduro venezuela cryptocurrency nicolas protectorates receive president

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President Maduro Says Petro Crypto Expected To Be Used To Pay For Venezuela’s Oil Next Year

Venezuela has been struggling with hyperinflation for over five years now, and the economy continues to suffer as a result. Citizens have died of starvation, unable to even buy a meal for their family, while others look outside of the country to find something to eat.

2018-12-8 02:06	News
maduro venezuela president meal family buy even

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Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

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
petro venezuela maduro oil use dollar token

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Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency designed to counter inflation, has sparked intense debate. Experts and tech-savvy Venezuelans alike are less than enthusiastic about the Venezuelan president’s decision.

2018-12-6 03:40	Venezuela
venezuelans maduro president petro raises skeptical cryptocurrency

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Venezuela’s President Nicolas Maduro raises price of Petro by more than 100%

The Venezuelan cryptocurrency the Petro has increased in value from 3. 600 Bs. s to 9,000 Bs. s. The increase was ordered the country’s president who has been working hard to see the cryptocurrency succeeds.

2018-12-3 12:10	Venezuela
petro price president maduro venezuela cryptocurrency country

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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.

2018-12-3 06:55	Virtual Currency
cryptocurrency venezuela price maduro petro orders double

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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.

2018-11-13 08:25	whitepaper
petro cryptocurrency venezuela year any converted bought

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Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token

CoinSpeaker Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil.

2018-11-12 16:15
adoption petro all token maduro takes further

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Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil.

2018-11-10 23:00	Venezuela
petro maduro opec exchange 2019 purchasers says

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Venezuela’s Petro Cryptocurrency Makes Its Way to Six Unknown Exchanges

There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything.

2018-11-1 04:18	Venezuela
cryptocurrency petro venezuela exchanges six president ever

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Venezuela President Tells Citizens To Invest In Petro Cryptocurrency and Gold With Bonuses

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	News
petro venezuela gold invest president tells citizens

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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.

2018-10-10 22:30	Venezuela
venezuela dash crypto people adoption turmoil maduro

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Venezuela Bitcoin Trading Hits New Record As Maduro Confirms Petro Launch

Venezuela posted its largest-ever Bitcoin trading volumes last week, data compiled October 6 confirms, as the country announced several new economic shake-ups. 7 Days, $7 Million Statistics covering P2P trading platform Localbitcoins show that Venezuelans converted a total of 1073 BTC ($7.

2018-10-9 04:00	Venezuela
week trading bitcoin venezuela confirms million new

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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.

2018-10-8 17:00	Venezuela
cryptocurrency petro venezuela officially state-backed experts financial

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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.

2018-10-7 17:00
petro cryptocurrency venezuela state-issued 2018 november public

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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.

2018-10-6 20:27
november petro sale public surface venezuela brought

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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.

2018-10-4 19:39	Cryptocurrency
venezuela cryptocurrency maduro president nicolas national announces

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Venezuela’s Petro Copied Dash, Claims Ethereum Developer

An Ethereum developer is claiming the state-backed petro (PTR) cryptocurrency, a plaything to Venezuelan President Nicolas Maduro, has taken substantial amounts of its newly published whitepaper from Dash (DASH).

2018-10-4 16:17
dash developer ethereum petro cryptocurrency venezuela bitcoin

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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.

2018-10-4 08:45	whitepaper
currency petro new whitepaper national venezuela crypto

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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.

2018-10-3 12:00
petro maduro website sale president public wallet

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Maduro Announces Official Launch of Petro

Venezuela’s national cryptocurrency, the Petro, was officially launched on Monday, with President Nicolas Maduro delivering a speech.

2018-10-2 18:13	News
maduro petro launched speech monday nicolas president

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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.

2018-9-21 15:35	hard fork
maduro petro use conducting housing homeless declared

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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.

2018-9-6 16:29	Cryptocurrency
cryptocurrency venezuelan petro venezuela sovereign instead extreme

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Cryptocurrency, Venezuela’s Answer to Economic Obliteration?

As the Venezuelan people are plunged further into fiscal despair, the Maduro government is attempting to resuscitate the broken economy by pegging the petro, an “oil backed cryptocurrency,” to the bolivar.

2018-8-30 15:49	Dash
cryptocurrency venezuelan petro obliteration venezuela answer economic

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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.

2018-8-30 03:00
petro banks local authorities region 2018 august

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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.

2018-8-29 12:28
petro banks president adopt new maduro cryptocurrency

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Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

2018-8-29 00:00
petro cryptocurrency banks maduro government-launched account use

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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.

2018-8-28 13:15	hard fork
sovereign venezuela bolivar maduro web week percent

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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.

2018-8-28 13:00	Venezuela
new bolivar venezuela sovereign bank app central

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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 […]

2018-8-24 20:56	News
bolivar sovereign venezuela new backed ahead android

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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%.

2018-8-23 16:36	Venezuela
venezuela people answer dash hyperinflation stacks meaning

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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.

2018-8-21 17:50	News
bolivar pegged venezuela petro gets fiat undergoes

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Venezuela’s President Maduro To Tie Bolivar to Petro Crypto Asset

The Bolivar, which spiked and crashed over the last few days, once again wiping out half of its value, may be tied to an even riskier crypto asset.

2018-8-20 16:40	News
crypto bolivar asset half out wiping value

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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.

2018-8-19 15:00	Venezuela
maduro new currency devalued rate nicolas petro

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Panic in Venezuela as Maduro Launches New Money

Crypto public spaces have seen an uptick of Venezuelans posting today following a surprise announcement by Nicolas Maduro that the minimum wage is to increase from $1 to $30. That has... The post Panic in Venezuela as Maduro Launches New Money appeared first on Trustnodes.

2018-8-19 13:53	#tokens
maduro panic new money venezuela launches wage

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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.

2018-8-17 19:40	News
petro officially venezuela country accounting unit cryptocurrency

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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.

2018-8-16 16:00	Venezuela
petro unit account venezuela second officially cryptocurrency

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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.

2018-8-16 00:26	Digital assets
petro new cryptocurrency salary venezuela system unit

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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.

2018-8-15 19:55
petro petro-pegged bolivar account venezuela two units

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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).

2018-8-14 12:46	Insider
unit accounting petro second maduro venezuela sputnik

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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.

2018-7-28 11:00	Venezuela
maduro petro bolivar currency venezuela great sanctioned

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Venezuela’s New Currency Will Be Pegged to the Petro, President Maduro States

Venezuelan President Nicolas Maduro announced a new national currency, which will be directly tied to the Petro. Circulation is expected to start on August 20, 2018.

2018-7-27 11:05	News
maduro president petro new currency expected circulation

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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.

2018-7-26 19:06	Venezuela
venezuela new petro country cryptocurrency anchored fiat

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Think tank urges crypto holders to spend coins to aid humanitarian causes and stop dictators

The Center for Strategic and International Studies, a DC based think tank is urging cryptocurrency holders around the world to spend their coins to undermine authoritarian dictatorships such as the one in in Venezuela under Nicolas Maduro.

2018-7-13 23:10	News
spend coins holders tank think dictators stop

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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.

2018-6-14 15:27	Virtual Currency
cryptocurrencies assessment global called venezuela nicolas fact

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Binance wallet outpaces popular messaging apps in Venezuela download rankings

Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation.

Venezuelans cut off from Binance: How is this related to elections?

Venezuelan authorities have also blocked the world’s largest cryptocurrency exchange, Binance. Amid protests following the presidential elections, the Venezuelan government restricted access to Binance and several other online services.

Venezuela restricts access to Binance and X amid election unrest

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest. CANTV, Venezuela’s state ISP, enforces the blockade as part of a crypto crackdown. President Maduro accuses Elon Musk of inciting protests and violating laws.

Maduro critics say Venezuelan president will use crypto to evade sanctions

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Venezuela cracks down on crypto mining to tackle energy crisis

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional).

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

2019-10-17 10:30

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