Venezuela Gains Momentum with New Cryptocurrency PETRO

Venezuela’s leader Nicolas Maduro has invited members of the regional ALBA-TCP bloc to join him in launching a new cryptocurrency. Named petro, the cryptocurrency will be backed by the countr.....»»

Category: topSource: livetradingnewsJan 13th, 2018

President Trump Bans U.S. Citizens From Buying Venezuelan Cryptocurrency Petro

Nicolas Maduro created the oil-backed currency to try to salvage Venezuela's failing economy. President Donald Trump banned U.S. purchas.....»»

Category: europeSource: fortuneMar 19th, 2018

Trump bans Americans from buying Venezuelan cryptocurrency

President Trump signed an executive order Monday banning US citizens from buying Venezuela's newly created cryptocurrency, the Petro......»»

Category: marketsSource: cnnMar 19th, 2018

Trump Issues Bizarre Executive Order Banning Purchases Of Venezuela"s Cryptocurrency

Cryptos are moving sharply lower in response to news that President Trump has issued an executive order banning the U.S. purchases of the "Petro", .....»»

Category: blogSource: zerohedgeMar 19th, 2018

Bitcoin, move over. There’s a new cryptocurrency in town: The petro.

Four things you need to know about Venezuela's latest attempt to rescue its economy......»»

Category: topSource: washpostFeb 26th, 2018

Bitcoin, move over. There’s a new cryptocurrency in town: the petro.

Four things you need to know about Venezuela's latest attempt to rescue its economy......»»

Category: topSource: washpostFeb 26th, 2018

Venezuela"s Petro: Stable Coin For Crypto-Economy Or Illegal Oil Futures?

Authored by Thomas Meyer via, Starting in late 2017 Venezuela’s President Nikolas Maduro began expanding heavily into media space in an attempt to promote a new payment instrument– the government-issued cryptocurrency .....»»

Category: blogSource: zerohedgeFeb 24th, 2018

Venezuela Is Talking With Russia About Cryptocurrency

Venezuelan finance minister Simon Zerpa Delgado announced on Twitter that he visited Moscow to update Russian officials on Venezuela's petro currency......»»

Category: forexSource: coindeskFeb 23rd, 2018

Venezuela"s President Orders Companies to Accept Petro

Venezuela officially has its own cryptocurrency – and its president wants some of the country's state-owned businesses to use it......»»

Category: forexSource: coindeskFeb 23rd, 2018

Petro: The New Federal Cryptocurrency From Venezuela

With the Petro presale launch on Tuesday, 20th February, 2018 Venezuela becomes the first nation to launch a federal cryptocurrency. Around the final weeks of 2017, the Venezuelan government had announce.....»»

Category: blogSource: valuewalkFeb 21st, 2018

Venezuela tries a cryptocurrency to fix its economy

The crisis-ridden government of Venezuela wants to sell $2.3 billion worth of its new cryptocurrency, the petro......»»

Category: topSource: cnnFeb 21st, 2018

"The Petro Is Born Today" - Maduro Launches Oil-Backed Crypto "For The Welfare Of Venezuela"

More than two months after Venezuelan President Nicolas Maduro announced his intention to launch the world's first state-sponsored cryptocurrency to try and help Venezuela raise some badly needed foreign capital, t.....»»

Category: blogSource: zerohedgeFeb 20th, 2018

Venezuela Launches Pre-Sale of Its Controversial Oil-Backed Cryptocurrency

The pre-sale and initial offer involve 82.4 million of the virtual coins. Venezuela’s government on Tuesday opened the pre-sale of its contentious petro cryptocurrency, making 82.4 milli.....»»

Category: europeSource: fortuneFeb 20th, 2018

Venezuela"s President Announces "Petro" Token Pre-Sale

The president of Venezuela has said the pre-sale of the country's proposed oil-backed cryptocurrency will launch next month......»»

Category: forexSource: coindeskJan 31st, 2018

Venezuela Blasts "False" White Paper for Oil-Backed Cryptocurrency

Venezuelan officials have denied claims that the petro token's white paper has been released, calling such claims "false information.".....»»

Category: forexSource: coindeskJan 19th, 2018

Venezuela"s "petro" cryptocurrency outlawed by congress

Venezuela's opposition-run parliament has outlawed a "petro" cryptocurrency promoted by social.....»»

Category: videoSource: reutersJan 10th, 2018

Venezuela Is Recruiting "Miners" For Its Cryptocurrency

Authored by Tsvetana Paraskova via, Venezuela is moving ahead with plans to “overcome the financial blockade” by launching an oil-backed cryptocurrency known as Petro, and is now recruiting miners nationwide.   The Unique Regis.....»»

Category: blogSource: zerohedgeJan 5th, 2018

Could a Venezuelan Cryptocurrency Work?

Venezuela is moving ahead with the government's plan to issue a digital currency backed by the country's oil reserves. But is the so-called petro a real cryptocurrency or just an imposter?.....»»

Category: blogSource: 247wallstDec 17th, 2017

Venezuela to Launch Own Cryptocurrency: the ‘Petro’

Venezuelan president Nicolas Maduro said on Sunday that the country would launch its own cryptocurrency, dubbed the "petro," backed by Venezuela's vast oil reserves......»»

Category: blogSource: 247wallstDec 4th, 2017

Venezuela to launch oil-backed cryptocurrency, Petro

To help Venezuela “advance in issues of monetary sovereignty, to make financial transactions and overcome the financial blockade.”.....»»

Category: topSource: thehindubusinesslineDec 4th, 2017

Venezuela may ditch "dollar", create "petro" an oil-backed cryptocurrency

'Venezuela will create a cryptocurrency, backed by oil, gas, gold and diamond reserves,' Maduro said.....»»

Category: topSource: business-standardDec 4th, 2017