Tag: Venezuela

  • Crypto

    Russia In Talks With Venezuela to Use ‘El Petro’

    Petro, the cryptocurrency launched by the government of Venezuela in February 2018, is being considered by Russia as a means of international transactions, according to the Venezuelan Foreign Ministry. Venezuelan-backed Cryptocurrency Could Be Used By Russia A Russian-Venezuelan high-level intergovernmental meeting taking place in Caracas is discussing a number...

    Ricardo Esteves | April 4, 2018 | 1:33 am
  • Crypto

    Bitfinex Refuses to List Venezuelan Petro Digital Currency

    One of the world’s largest cryptocurrency exchanges has issued a statement regarding the recently launched “El Petro” (PTR) – a digital currency supposedly backed by Venezuela’s crude oil reserves. Bitfinex are refusing to list the planet’s first ever state-issued cryptocurrency. The Petro Offers “Limited Utility” The reasons cited in...

    Rick D. | March 27, 2018 | 7:50 pm
  • Bitcoin

    Demand For Bitcoin in Venezuela Still Surging Amidst Economic Turmoil

    Venezuela has always been a peculiar country when it comes to cryptocurrency. The locals have shown a big interest in Bitcoin and other cryptocurrencies over the years. It seems that demand will only continue to grow. This is despite the country having its own national cryptocurrency, known as...

    JP Buntinx | March 27, 2018 | 11:00 am
  • Bitcoin

    National Digital Currencies Are Not Cryptocurrencies: Peter Todd at Genesis London

    Over the past few months, several countries including Iran, Venezuela, and China have either announced their plans to launch national cryptocurrencies or already conducted initial coin offerings (ICOs) to introduce a state-backed digital currency. In late February, Venezuelan president Nicolas Maduro claimed that Petro, the oil-backed cryptocurrency operated...

    Joseph Young | March 16, 2018 | 5:22 pm
  • NewsBTC Venezuela Petro Launch
    Crypto

    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
  • NewsBTC Venezuela Petro Launch
    Crypto

    Venezuela – Cheapest Country to Mine Crypto as El Petro is Launched

    As president, Nicolas Maduro rolls out the El Petro ICO, Venezuela is named the cheapest country in the world to mine Bitcoin. But is it also the most expensive place to live? The manual for the first 82.4 million units of the Venezuelan cryptocurrency, El Petro was made available...

    John McMahon | February 21, 2018 | 7:30 am
  • petro
    Crypto

    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

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