Tag: Nicolas Maduro

  • Petro
    Bitcoin

    Venezuelan President Orders Banks to Adopt Petro

    In an effort to fight back against the ill-effects of his presidency’s economic policy, Nicolás Maduro has ordered Venezuela’s banks to accept the petro digital currency as a unit of account. The Venezuelan President has also increased public’s minimum wage, price of petrol, and VAT in his latest...

    Rick D. | August 28, 2018 | 11:00 pm
  • Maduro
    Industry

    Maduro Mandates Venezuela’s Petro to Become Second National Currency

    Facing hyperinflation as well as international sanctions that have brought Venezuela to its knees, controversial President Nicolás Maduro has mandated that his recently-developed Petro cryptocurrency become the nation’s second official currency. Maduro Adopts the Petro as Venezuela’s Second National Currency The news was announced by Maduro in a televised address today, and will...

    newsbtc | August 14, 2018 | 7:30 pm
  • Mining
    Technology

    Venezuelans Turn to Cryptocurrency Mining to Generate Passive Income

    The Bolivarian Republic of Venezuela is home to one of the worst hyperinflation crisis in the world. Because of this, citizens are increasingly turning to mining cryptocurrencies to make up for their lack of funds. Cryptocurrency Mining Boom One major reason that crypto mining is booming is because...

    newsbtc | May 26, 2018 | 7:05 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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