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...
President Maduro Forces Airlines to Buy Fuel Using Petro Cryptocurrency
Venezuela’s president, Nicolas Maduro, recently announced that he plans to revive the country’s oil-backed cryptocurrency Petro, which failed to attract users...
1st national cryptocurrency’s creators perform at Blockchain Life 2019 in Moscow
October 16-17, Moscow: “El Petro — the 1st successful case of creating a national cryptocurrency” The global forum on blockchain, cryptocurrencies and mining welcomes more than...
Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates
Bitcoin can be many things depending on the situation. For many it is a store of value, for some, it is a trading vehicle, but for Venezuelans, BTC is the most reliable hedge against...
Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency
Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia...
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...
Bitcoin Trading Plummets in Venezuela Blackout as Government Struggles to Pay Money Printers
Bitcoin use in Venezuela took a hit this week after a persisting electricity blackout appeared to limit the ability of users to transact. Bitcoin Trades Drop 40 Percent That was the...
Russia: Oil-Backed Cryptocurrency in ‘Final Stage of Development’
Russia’s State Duma is reportedly planning to review and adopt a cryptocurrency law to facilitate the creation of an oil-backed cryptocurrency. Russia to Adopt Cryptocurrency Law...
Venezuela Bitcoin Trading Sets Giant All-Time High
Venezuela traded more bolivars for bitcoins than ever before last week. Volumes on P2P trading platform Localbitcoins reaching 15.7 billion VES ($10 million) amid increasing political...
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...
Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K
Bitcoinist once again caught up with the one and only Max Keiser, Wall Street veteran and host of the Keiser Report. He explains why he isn’t fazed about the Bitcoin price drop...