Tag: Maduro

  • Petro

    Report Finds Venezuela’s Petro is Not Being Used in the Country

    Following the creation of Venezuela’s state-backed cryptocurrency, the Petro, citizens in the economically tumultuous country say that use of the Petro is nowhere to be found. The new investigative report from Reuter’s comes just a couple weeks after President Maduro declared it as the second national currency and...

    Cole Petersen | August 30, 2018 | 9:00 pm
  • Industry

    Crypto is Taking Over Venezuela, Due to the Country’s Destroyed Fiat System

    Venezuela is facing hyperinflation and international sanctions that have brought the economy and its people to their knees. In response, President Nicolás Maduro recently mandated that his Petro crypto will become the nation’s second official currency starting tomorrow, August 20. In relation, some believe a “post-fiat” world is emerging in...

    Thomas Delahunty | August 20, 2018 | 9:00 am
  • NewsBTC Venezuela Petro Launch

    Petro Gold Spawned After El Petro’s $735 Million Sales

    Venezuelan president Maduro announces countries second commodity backed cryptocurrency ‘Petro Gold’ the day after ‘El Petro’s’ initial private sale raised $735 Million. Maduro Doubles Down With Petro Gold Once again President Nicolas Maduro took the podium to announce a government-owned cryptocurrency. This time instead of oil its the Petro Gold which...

    John McMahon | February 22, 2018 | 8:30 am
  • petro

    Petro: Risky Gamble or Golden Opportunity?

    Venezuela’s “Petro” cryptocurrency will attract investments from Turkey, Qatar, the U.S., and Europe, the country’s cryptocurrency regulator, Carlos Vargas, told reporters on Friday. The Petro will be offered for sale this Tuesday, February 20th, and comes as Venezuela is suffering from quadruple-digit inflation and chronic shortages of food...

    Thomas Delahunty | February 19, 2018 | 1:00 am
  • NewsBTC Venezuela Petro Launch

    Venezuela Plans to Roll Out the Petro – But is it Out of Gas?

    Venezuela will roll out the heavily criticized state-backed cryptocurrency, the Petro, in a private sale to serious speculation about its structure. Is The Petro a Ploy? The sales of the Petro represent a major initiative by President Nicolas Maduro to save Venezuela’s disastrous economy as the Bolivar continues to...

    John McMahon | February 6, 2018 | 4:00 am

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