2020-1-3 17:12 |
Nicolas Maduro claims that Venezuelan oil is now available for purchase using the nation's cryptocurrency, the Petro. The post Nicolas Maduro: You Can Now Buy Our Venezuelan Oil in Crypto Petro appeared first on CCN.com
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Venezuelan Petro Moves Towards A New Phase The Petro is now accepted in many shops in the country, according to Ricardo Baptista, the director of the Latin American Cryptoeconomy Corporation, the Venezuelan government wants to help the economy by promoting the use of virtual currencies, including the government-backed Petro. The goal is to solve the […]
2019-6-10 02:49 | |
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Ricardo Baptista, director of the Latin American Cryptoeconomy Corporation, explained that the Venezuelan government is promoting the use of crypto to dynamize its economy and counteract the negative effects promoted by “all of those who.
2019-6-9 02:04 | |
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There were many stories in 2018 that had condemned Petro to be a currency by Maduro that might be illegitimate. However, during times of extreme financial difficulties that Venezuela is facing right now, it looks like it started to find acceptance.
2019-4-23 17:53 | |
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Last February, news. Bitcoin. com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent.
2019-4-23 01:01 | |
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This action signals an increase in US pressure on the Venezuelan government.
2019-3-14 20:18 | |
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For a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild.
2019-2-26 07:05 | |
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In fact, by the 40th anniversary of the Iranian revolution, Iran launched a state cryptocurrency backed by gold, PayMon (PMN). Will the story of Venezuelan El Petro repeat? Is Ali Khamenei prepared for the fate of Nicolas Maduro? When to wait in Tehran popular uprising with local Guaido? And how is this related to crypto? […]
2019-2-13 00:04 | |
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For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.
2019-1-16 05:53 | |
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Venezuela has filed a complaint with the WTO that the U.S. imposed “discriminatory measures” against its national digital currency, the Petro
2019-1-11 01:20 | |
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Venezuela Pushes Back Against US Sanctions On Their National Cryptocurrency Petro Earlier this week the US imposed sanctions that target a Venezuelan currency exchange network scheme that siphoned off billions of dollars to corrupt insiders of the Venezuelan government.
2019-1-10 17:46 | |
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What Is The True Value Of The Petro Cryptocurrency From Venezuela? To-date, the value of the petro—the cryptocurrency from Venezuela that is supported by its oil revenues is yet to be established. This is despite the fact that the cryptocurrency is actually recognized and backed by the Venezuelan government. Government sources who have been questioned […]
2019-1-4 20:03 | |
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Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is now considered the first state-issued cryptocurrency. Although no one is really sure whether the coin actually works, Venezuelans have already seen their salaries denominated in the national crypto and their pensions converted to petro.
2018-12-27 12:15 | |
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The Venezuelan government is reportedly converting pension payments into its national cryptocurrency, the Petro. The post Venezuelan Citizens Forced to Receive Pension Funds in Crypto appeared first on CoinCentral.
2018-12-20 00:36 | |
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Pusers can still convert their Petros back into bolivars and transfer them to a bank account, but that option isn’t easily accessible on the website. The financial overhaul of the Venezuelan economy is based on a cryptocurrency called Petro, at least for the Maduro-led government.
2018-12-15 17:59 | |
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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.
2018-12-14 17:00 | |
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The Venezuelan government has embarked on converting old-age pensions into Petros even if people did not ask for it.
2018-12-14 14:09 | |
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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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Venezuelan President Nicolas Maduro has announced that as of March 2019, the country will sell oil only in Petro.
2018-12-11 12:22 | |
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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.
2018-12-8 12:14 | |
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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 | |
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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 | |
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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 | |
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Venezuelan cryptocurrency Petro’s red flags mount as president Maduro artificially raises the coin’s value In a plot taken straight from a communist utopia novel, Venezuelan president Nicolas Maduro declared new domestic economic policies as a part of the country’s state-enforced “Plan of Economic Recovery”.
2018-12-3 05:58 | |
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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 | |
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The Venezuelan government remains firm in its decision to position Petro as an internationally recognized cryptocurrency, and although up to now the results have not been very noticeable, the government seems to be working hard on the consolidation of Venezuela as a crypto-nation (or at least that is what its announcements attempt to prove) In […] The post Venezuela to Introduce Petro to OPEC appeared first on Ethereum World News.
2018-11-12 22:43 | |
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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 | |
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In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with […] The post The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets appeared first on Bitcoin News.
2018-11-6 17:00 | |
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Venezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency.
2018-11-6 03:00 | |
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The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies.
2018-10-31 14:50 | |
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The Venezuelan national government recently accredited 6 cryptocurrency exchanges and gave them the go-ahead to start trading Petro, the national coin. Petro token was launched a year ago and is now the official Venezuelan national currency.
2018-10-30 10:15 | |
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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 has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report.
2018-10-19 02:05 | |
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The Cafe con Leche index shows the inflation of the Venezuelan Bolivar at 127,173% over the past year. The index tracks the price of one item, a coffee with milk. The hyperinflation has resulted in Venezuela spiraling into economic and political turmoil.
2018-10-15 13:54 | |
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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 | |
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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.
2018-10-9 18:56 | |
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Venezuelans wanting to leave the country will soon have to buy passports with a cryptocurrency that may not exist.
2018-10-9 20:56 | |
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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 | |
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In efforts to curtail exodus from the country, the Venezuelan government has made it impossible to buy passports with bolivars.
2018-10-8 10:13 | |
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Former Grammy and Nickelodeon Kids’ Choice Awards nominee Soulja Boy has become the latest celebrity seeking to associate themselves with cryptocurrency after releasing his new single, ‘Bitcoin’.
2018-10-8 08:48 | |
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A bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U. S. residents from providing software to the Venezuelan government in its efforts to launch the Petro.
2018-10-8 06:25 | |
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Venezuelan authorities have found another way to impose the adoption of the state-issued cryptocurrency, the petro. Citizens will soon have to pay with the government-controlled digital coin if they want to obtain a travel document.
2018-10-7 17:30 | |
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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 | |
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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 | |
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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 | |
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An historic event has occurred this October the 1st when the president of Venezuela announced “from November the 5th, the Petro will go on sale to the Venezuelan public in... The post Venezuela Goes Crypto appeared first on Trustnodes.
2018-10-4 15:38 | |
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On Monday, Oct. 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of the Spanish-language white paper for the coin.
2018-10-3 17:00 | |
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The Petro, Venezuela’s controversial cryptocurrency is finally ready for official release to the global cryptocurrency market, the Venezuelan government said. The government is hoping that the cryptocurrency gains popularity as it is part of efforts to rescue the country’s financial system which has been swallowed up by inflation.
2018-10-3 12:16 | |
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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 | |
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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 | |
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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.
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.
Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.
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’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…
A recent report from Chainalysis illuminates this grassroots crypto adoption across Latin America. Brazil, Argentina, and Mexico have emerged as leaders.