Venezuela to Introduce Petro to OPEC

2018-11-12 22:43

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.

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venezuela petro government introduce opec least consolidation

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Источник: ethereumworldnews.com

venezuela petro → Результатов: 88

Venezuela Claims Petro Cryptocurrency is Worth Over Six Times its Actual Value

As more countries seek to adopt their own cryptocurrencies, Venezuela’s Petro is struggling to meet expectations in the face of economic difficulty Introduced in 2018 as a solution to rampant inflation and economic turmoil, Venezuela’s Petro currency has met more adversity than expected.

2020-5-6 17:54	Uncategorized
venezuela petro economic difficulty 2018 introduced expected

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Venezuelans Allegedly try to Sell Their Petro Airdrop on LocalBitcoins

The financial situation in Venezuela remains subject to plenty of speculation. On Reddit, one user claims how residents are selling their Petro holdings at a 50% discount. It is often difficult to distinguish truth from fiction when it comes to Venezuela.

2020-1-21 01:00	Venezuela
venezuela petro discount residents holdings selling difficult

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Venezuela President Urges Investors To Buy Petro As Citizens Prefer Bitcoin

The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy.

2019-4-25 19:00	Venezuela
venezuela petro buy president maduro investors live

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Petro and Venezuela: The arrival of United States and the South American country’s crumbling economy

This is Part 2 of our article on Petro and Venezuela. As discussed in Part 1 of the article, the launch of Petro in Venezuela created a massive wave of apprehension among the world community, with many leaders condemning the Nicolas Maduro government for launching a cryptocurrency over focusing on improving the country’s failing economy.

2019-3-31 16:31	Venezuela
venezuela petro country economy united south part

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US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

2019-3-13 16:00
venezuela petro bank treasury role moscow-based sanctioned

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Venezuela to Present Petro at OPEC as the 'Digital Currency for Oil'

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro.

2018-11-9 12:20
venezuela petro oil start markets using cryptocurrency

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Latest Report Questions the Existence of Venezuela’s Petro, Things Look a Lot Fishy

Report suggests that there is no circulation of Petro inside or outside of Venezuela and all the hype relating to it is just a big bubble that can burst anytime. The post Latest Report Questions the Existence of Venezuela’s Petro, Things Look a Lot Fishy appeared first on CoinSpeaker.

2018-9-4 15:00
venezuela petro report fishy latest lot look

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An Update Venezuela’s Petro, It’s Looking Worse Than We Thought

The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation.

2018-8-22 16:30	Cryptocoins
venezuela petro per cent update worse looking

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A Look at Venezuela’s Other Cryptocurrencies, While the Petro Takes Center Stage

Financially troubled Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, is also the birthplace of a number of alternative coins beside the state-issued, oil-backed national cryptocurrency, El Petro.

2018-8-21 18:05
venezuela petro stage center takes look cryptocurrencies

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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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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 is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit

Petro cryptocurrency is to receive an official status of the Venezuelan second official currency, which is believed to be a tool for overcoming economic difficulties. The post Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit appeared first on CoinSpeaker.

2018-8-15 15:18
official petro cryptocurrency set venezuela unit accounting

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Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.

2018-8-15 02:30
venezuela cryptocurrency petro president official accounting 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’s Constituent Assembly Drafts Law to Create Central Bank for Crypto

A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the country’s Constitution that includes a central bank for cryptocurrencies.

2018-8-14 06:50	Virtual Currency
assembly central crypto bank constituent venezuelan venezuela

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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 Tying The Bolivar To Its National Cryptocurrency

In the midst of runaway inflation, Venezuela will print new money, removing five zeroes from the denominations, and tie its national currency to the recently created petro.

2018-7-27 00:05	cryptocurrencies and tokens
national venezuela denominations five zeroes petro created

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Venezuela’s Move to Crypto and away from State Sanctions and Inflation

In order to curb inflation in Venezuela, five zeroes will be removed from the national currency, the Bolivar according to July 26, 2018, reports. Furthermore, the value of the money will reportedly be tied to the government-controlled cryptocurrency, the Petro.

2018-7-27 23:00	Venezuela
venezuela inflation move crypto away sanctions state

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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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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.

2018-7-26 14:30	Republished
petro venezuela tied new currency national one

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Venezuela’s Petro Is Cleaning Up Its Act

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	Cryptocoins
petro being venezuela funding oil act cleaning

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Homeless Housing Gets Funded by Cryptocurrency Petro in Venezuela

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	Venezuela
housing homeless government venezuela fund cryptocurrency petro

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Venezuela to Fund Housing for Homeless With National Cryptocurrency Petro

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	Venezuela
national venezuela petro cryptocurrency housing homeless funding

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Venezuela’s Oil-Backed Petro Cryptocurrency To Finance Country’s Housing Project

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	News
venezuela housing project petro cryptocurrency country villarroel

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The Price Decline of Cryptocurrency is Trivial in Comparison to Venezuela’s Financial Woes

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	Venezuela
financial venezuela cryptocurrency according recent reddit nano

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Cryptocurrency Price Declines Are Trivial Compared to Venezuela’s Financial Woes

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	Venezuela
financial cryptocurrency venezuela form may impact positive

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Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

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	Venezuela
venezuela bitcoin hyperinflation continues spree amid record

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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…

Latin America crypto wave helps offset economic instability

A recent report from Chainalysis illuminates this grassroots crypto adoption across Latin America. Brazil, Argentina, and Mexico have emerged as leaders.

2018-11-12 22:43

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