Venezuelan Petro Cryptocurrency is a 'Scam', Say Local Merchants
News

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...

Osato Avan-Nomayo | 5 months ago
News

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...

Esther Kim | 1 year ago
venezuela petro
News

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...

Esther Kim | 1 year ago
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News

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...

Esther Kim | 2 years ago
In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'
News

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...

Esther Kim | 2 years ago
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Altcoin News

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...

Osato Avan-Nomayo | 2 years ago
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News

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...

Kevin O’Brien | 2 years ago
In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'
News

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...

Wilma Woo | 2 years ago
News

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...

Nigel Gambanga | 2 years ago
Petro
Altcoin News

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...

Osato Avan-Nomayo | 2 years ago
In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'
News

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...

Adam James | 2 years ago
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Breaking News

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...

Nikita Blows | 2 years ago