2019-3-27 13:53 |
After Venezuela and the whole world said a firm ‘no’ to Maduro’s Petro cryptocurrency, the popularity of Bitcoin continues to rise
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South America’s Venezuela has been recording hyperinflation over the past few months, sending its struggling economy on a downward spiral. However, economic conditions have allowed Venezuela and its citizens to finally embrace cryptocurrencies.
2019-10-1 14:00 | |
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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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The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country.
2019-7-5 16:29 | |
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Maduro Targets Bitcoin Remittance To Profit Off The Country’s Blooming Crypto Ecosystem Venezuela has been in chaos recently, triggering one of the biggest humanitarian crisis in the world. A decade of economic mismanagement has left the formerly prosperous nation starving, lacking basic necessities like food and medicine.
2019-3-20 21:25 | |
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The Venezuela government is reportedly making a move towards collecting fees on Bitcoin remittance payments in the country. This step comes as the cash-strapped Maduro administration continues to seek ways to finance itself in the wake of mounting economic restrictions.
2019-3-19 18:00 | |
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Ripple price ranging but bullish Financial sanctions help drive assets demand Participation levels drop, averages drop from 30 million to 16 million in three weeks. Trump’s plan of imposing financial sanctions on Maduro and other Venezuela elites could backfire affecting ordinary citizens.
2019-3-16 18:05 | |
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Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week.
2019-3-2 17:05 | |
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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 […]
2019-2-27 23:32 | |
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As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro's regime.
2019-2-27 20:00 | |
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Latest Bitcoin News Once again, the political escalation in Venezuela is proving to be a financial quagmire for ordinary, law-abiding citizens. Thanks to Juan and Maduro duel, a fight between a determined and well backed.
2019-2-25 15:30 | |
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In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […]
2019-2-3 22:43 | |
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Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro.
2019-2-2 20:15 | |
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Nicholas Maduro’s government in Venezuela is going through tough times. In the midst of shockingly high inflation levels, the US has imposed new sanctions on the country’s state-backed oil firm PDVSA and has urged the country’s military to help with the peaceful transfer of power.
2019-1-31 22:24 | |
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The promised support by US of Venezuelan riot with Juan Guaido in the head – is becoming tangible. The puncture of the rebels with the army is now compensated by the financial strangulation of the Maduro regime from outside.
2019-1-30 22:50 | |
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As Venezuela enters a crucial part of its political crisis, we decided to trace the fate of Petro — the national cryptocurrency that seemingly failed to save country’s economy
2019-1-29 05:55 | |
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Venezuela is going through an economic crisis and hyperinflation and now country’s President Nicolas Maduro, in his efforts to hold onto his plunging cash pile has been trying to pull the $1. 2 billion worth of gold out of the Bank of England.
2019-1-26 21:45 | |
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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.
2019-1-26 18:00 | |
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As part of an international effort to wrest power from Nicolas Maduro in Venezuela, the Bank of England has denied the nation access to gold deposits stored with the institution. Such instances highlight just why a permissionless store of value like Bitcoin is important on both the global and personal level.
2019-1-26 02:00 | |
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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.
2019-1-25 22:33 | |
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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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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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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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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 | |
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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 | |
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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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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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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 | |
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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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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 | |
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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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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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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 | |
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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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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 | |
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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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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 | |
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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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Venezuela’s national cryptocurrency, the Petro, was officially launched on Monday, with President Nicolas Maduro delivering a speech.
2018-10-2 18:13 | |
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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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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 | |
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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 | |
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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 | |
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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 | |
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Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.
2018-8-29 00:00 | |
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