Tag Archive: Maduro

  • Venezuela Altcoin News, Altcoins, News, News teaser

    Venezuela Decides One Coin’s Not Enough, Readies New ‘Petro Gold’ Token

    Things are only getting weirder in Venezuela, as President Nicolas Maduro decides that one state-issued cryptocurrency farce isn’t enough. Now, the socialist country with a crumbling economy is ready to launch second Petro token — called Petro Gold. Maduro’s Vision Earlier this week, collapsing socialist country Venezuela purportedly launched Petro — the world’s first state-issued cryptocurrency — purportedly backed by the country’s oil reserves. The problem is, the oil allegedly backing each token has yet to

    · February 22, 2018 · 8:30 am
  • Petro Altcoin News, Altcoins, Emerging Markets, Mining, News, News teaser

    Over 860,000 Have Signed Up to Mine the Venezuelan Petro

    President Nicolas Maduro announces that 860,811 young people have registered to mine the Petro, the new national cryptocurrency of Venezuela. Paper Virtually Worthless Economically, Venezuela has been in terrible shape for a number of years. The failed socialist policies of Hugo Chavez and Nicolas Maduro have destroyed the national economy, caused massive hyperinflation, and led to a humanitarian crisis where food and medicine are in short supply. In such times, many have turned to mining

    · January 4, 2018 · 6:30 am