2019-12-15 12:00 |
Venezuelan government has been working on a state cryptocurrency named Petro which is supposedly tied to the price of the oil. In the latest development, eligible Venezuelan citizens will receive 0.
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Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also claims there are 27,000 petro affiliated businesses.
2019-11-21 05:50 | |
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The Venezuelan government is one of the most crypto friendly countries as it looks for ways to sustain its hyper-inflated economy and sanctions from various governments. The government is focused on promoting its oil backed crypto, Petro dollar, to its citizens with the latest debit card release by government sanctioned exchange, CriptoLAGO. The debit card […]
2019-10-4 17:34 | |
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A US Presidential Executive Order is about to be signed into a bill to officially ban US citizens from acquiring or using the Venezuelan Petro coin.
2019-9-16 11:10 | |
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A Venezuelan crypto official encourages citizens to use a Petro-friendly remittances platform
2019-8-28 03:45 | |
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A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme.
2019-7-17 17:00 | |
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Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing.
2019-7-5 13:54 | |
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Amidst hyperinflation, a leadership crisis, and international interference, Venezuela’s crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it.
2019-5-28 17:42 | |
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Amidst hyperinflation, a leadership crisis, and international interference, Venezuela’s crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it.
2019-5-27 17:42 | |
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By CCN. com: As the political and economic crisis in Venezuela escalates, citizens of the South American country are taking refuge in Bitcoin. In the final week of April, a record amount of Venezuelan bolivars were spent buying bitcoin per Coin Dance.
2019-5-2 17:07 | |
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The cryptocommunity has banded together to help the citizens of Venezuela, who have suffered in recent times from an… The post Bitcoin Community Delivers Nearly 14 Tons of Food to Venezuelan People appeared first on Invest In Blockchain.
2019-4-22 10:29 | |
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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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Venezuela’s economy has hit rock bottom. The situation has grown so dire that humanitarian aid is being doled out to help those who are financially strapped. Today, Venezuelan troops are fighting off citizens as they try to block the aid from reaching them.
2019-2-24 13:46 | |
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Venezuela’s economy has hit rock bottom. The situation has grown so dire that humanitarian aid is being doled out to help those who are financially strapped. Today, Venezuelan troops are fighting off citizens as they try to block the aid from reaching them.
2019-2-25 13:46 | |
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Hard hit by hyperinflation, an increasing number of Venezuelan citizens are now turning to Bitcoin to preserve the value of their money. It’s a desperate measure triggered by a desperate situation as the downward spiraling domestic economy renders the country’s sovereign fiat Bolivar practically worthless.
2019-2-15 15:39 | |
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When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.
2019-2-5 23:06 | |
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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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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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On December 10, 2018, the co-founder of privacy-oriented cryptocurrency ZCash asked community members to participate in AirdropVenezuela. The charitable venue promises to raise $1,000,000 to support 100,000 Venezuelan citizens as well as promote adoption of the cryptocurrency wallet Airtm.
2018-12-11 10:00 | |
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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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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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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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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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Cryptocurrency–While the ongoing inflation and forced impoverization of the Venezuelan population is bordering on a crisis, the scenario surrounding government fiscal policy, imposed fiat usage and the role of cryptocurrency is creating an interesting incubation for the industry.
2018-9-3 23:15 | |
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Amidst a mounting economic crisis, Venezuela’s oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost non-existent usage within the country. ‘Hard to Spot Almost Anywhere’ According to a report from Reuters dated August 30th, the Venezuelan town of Atapirire has not yet reaped the fruits of Venezuela’s oil-backed cryptocurrency efforts.
2018-8-31 22:00 | |
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Reddit Co-founder Alexis Ohanian has revealed his optimism about the future success of bitcoin despite the daily slump in price in an interview with Yahoo Finance.
2018-8-27 18:22 | |
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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 | |
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The use of crypto donations by a Venezuelan citizen has shown cryptocurrencies are better than some fiat currencies even though they have been dismissed as too volatile. These donations also highlight the changing perception of crypto away from its murky past on the dark net.
2018-7-15 14:00 | |
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