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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

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 OilPrice.com, 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

Venezuela wants to launch a cryptocurrency backed by oil reserves called the "petro"

AIZAR RALDES/AFP/Getty Images Venezuelan President Nicola.....»»

Category: topSource: businessinsiderDec 4th, 2017

Enter "petro": Venezuela to launch oil-backed cryptocurrency

President Nicolas Maduro said on Sunday Venezuela would launch a cryptocurrency to combat a U.S.-led financial "blockade," although he provided few clues about how the economically crippled OPEC member would pull off the feat......»»

Category: topSource: moneycentralDec 3rd, 2017

Enter the "petro": Venezuela to launch oil-backed cryptocurrency

CARACAS (Reuters) - Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy......»»

Category: topSource: reutersDec 3rd, 2017

Maduro Unveils "The Petro": Venezuela"s Official Cryptocurrency To "Overcome Financial Blockade"

Maduro Unveils "The Petro": Venezuela"s Official Cryptocurrency To "Overcome Financial Blockade".....»»

Category: blogSource: zerohedgeDec 3rd, 2017

How bitcoin frenzy has helped crypto hedge funds reap 1,100% gains in 2017

Hedge funds offer investors more than just a wager on rising cryptocurrency prices.....»»

Category: topSource: business-standard9 hr. 45 min. ago

Litecoin has lost half its value since the creator sold all of his stake

Markets Insider Litecoin saw astronomical gains through the end of 2017, reaching a high of $365 per token in December. Now the cryptocurrency is going for half of t.....»»

Category: topSource: businessinsider16 hr. 15 min. ago

U.S. Warns Investors to Avoid Venezuela’s ‘Petro’ Cryptocurrency

Cryptocurrency could "expose U.S. persons to legal risk.” The U.S. Treasury Department is concerned about Venezuela's n.....»»

Category: europeSource: fortune17 hr. 30 min. ago

Bitcoin, Ethereum, And Other Cryptos Tumble As Regulatory Noose Tightens

One asset class always on the risk of a pullback following the heady gains of 2017 is cryptocurrency. read more.....»»

Category: blogSource: benzingaJan 16th, 2018

Will Cryptocurrency Save Maduro’s Venezuela from Trump in 2018?

“Petro,” a new cryptocurrency, will be backed by oil, diamonds and gold reserves to circumvent sanctions from the Trump administration......»»

Category: topSource: newsweekJan 13th, 2018

Stock futures fall after strong inflation data

(Reuters) - U.S. stock futures fell on Friday after consumer prices in December posted their biggest gains in 11 months, raising expectations of inflation gaining momentum this year......»»

Category: topSource: reutersJan 12th, 2018

Kodak rolls over some of its cryptocurrency gains

Markets Insider Kodak stock is down more than 12% in trading Thursday. Shares more than doubled this week after th.....»»

Category: topSource: businessinsiderJan 11th, 2018

Venezuela"s Cryptocurrency Proposal Has Real Consequences For Global Oil Markets

Venezuela"s Cryptocurrency Proposal Has Real Consequences For Global Oil Markets.....»»

Category: topSource: seekingalphaJan 10th, 2018

With Apple, the Tech Reckoning Gains Momentum: DealBook Briefing

The push by two investors to have Apple give parents better controls over their children’s iPhones highlights the increasing backlash against tech companies......»»

Category: dealsSource: nytJan 8th, 2018

Bitcoin plunges 8% after a weekend rally

Bitcoin has given up gains made over the weekend. The cryptocurrency was trading down 8.81% at $14,781, according to Mark.....»»

Category: topSource: businessinsiderJan 8th, 2018