Venezuelan Petro Cryptocurrency is a ‘Scam’, Say Local Merchants
Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the...
Venezuela Pro-Bitcoin Opposition May Use Maduro’s Sanctioned Funds To Oust Him
Bitcoin adoption crucible Venezuela could end up using its own sanctioned funds to topple the government if plans go ahead for an “army” of foreign mercenaries. Sources: Plans For...
Venezuela President Urges Investors To Buy Petro As Citizens Prefer Bitcoin
The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro...
Russia Says Venezuela’s Petro Acceptance ‘Not Happening’
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...
Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record
Venezuela saw yet another new record for Bitcoin use December 1 after another week of economic shake-ups made the cryptocurrency more appealing than ever. 1 Week, 1300 Bitcoins Data...
Venezuela Finally Launches Controversial State-issued Petro Cryptocurrency
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...
Maduro: Petro Public Sale In November While Website and Wallet Are Live
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...
Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’
Venezuela will remove five zeros from its ailing currency, the Bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July...
India: No Plans to Use Venezuelan Petro to Pay for Crude Oil
India has no plans to use Venezuela’s cryptocurrency – the Petro – to pay for crude oil imports from the South American country. India is already a regular customer...
Central Bank of Venezuela to Receive $1 Billion from Petro Sale
The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale. Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement...
Venezuela’s Petro Now Purchasable with Foreign Fiat
Last month, Venezuela became the first country to issue its own cryptocurrency with the launch of the purportedly oil-backed Petro. Now, the digital currency is available for purchase...
President Trump Bans US Citizens from Buying Venezuela’s Petro
The Venezuelan Petro’s alleged astronomical success could be under threat as US President Trump puts plans in process to prohibit American citizens from purchasing the digital...