No Evidence of Crypto-Related Charge in Maduro Drug Cases

Charges against Maduro and other Venezuelan heads don’t involve crypto directly, three different lawyers say

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Venezuelan Protestors Take Down President Maduro’s Image By Crypto Artist Cryptograffiti

Venezuelan Protestors Take Down Maduro’s Image In Crypto Art Exhibit A part of the people in Venezuela wants to take down president Nicolas Maduro and it looks like they have a chance do it now, at least to take down an image of him, which was created by a crypto-focused artist. Cryptograffiti, the artist that […]

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This Crypto Art Auction Lets Venezuelans Dismantle Maduro Bolivar by Bolivar

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Iranian Gold Stablecoin PayMon (PMN) vs Venezulan Petro (PTR)

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? […]

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After UK Denies Maduro $1.2B Gold Withdrawal, Kraken CEO Cites Importance of Crypto

The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1. 2 billion worth of Gold, reported Bloomberg. The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad.

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The Future of Petro: Will The National Crypto Survive If The Maduro Government Is Over?

Venezuela is facing some harsh times for a while now. In the last couple of years, the Maduro government is slowly but surely losing popular support and the economic crisis is quickly getting more and more severe.

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Maduro’s Promotion of the Petro Yet to Yield Results

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.

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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.

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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.

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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.

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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. […]

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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.

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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.

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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.

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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.

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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 […]

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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.

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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.

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Venezuelans to Be Paid at Least Half a Petro a Month

Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0. 5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.

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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.

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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.

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Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says

A new Venezuelan fiat currency, ‘anchored’ to the nation’s crypto, the Petro, is expected to start circulating in the second half of August. The news was announced by president Maduro himself, along with other measures intended to improve the economic situation in the country.

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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.

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