Tag: petro

As Petro Launch Looms, Venezuela’s Bolivar Eyes 1,400,000% Inflation

Based on findings from the International Monetary Fund (IMF), the annual inflation rate for Venezuela could reach as high as…

1 day ago

Venezuelans Must Pay Passport Fees with Petro Cryptocurrency: Govt.

Starting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is…

6 days ago

Public Sale of Venezuela’s State Crypto Petro to Commence on November 5

With the Petro now officially launched, the public sale of the state-backed cryptocurrency will begin early next month. In a…

2 weeks ago

Venezuela’s Oil-Backed Petro Appears to Be a ‘Blatant’ Copy of Dash

Venezuela’s oil-backed cryptocurrency Petro (PTR) appears to be a “blatant” copy of Dash, as it has the same mining algorithm,…

2 weeks ago

Bitcoin Trading Volumes in Venezuela Reach Record Highs amid Hyperinflation

As the economic crisis in Venezuela worsens leading to a growing exodus of citizens out of the country, the demand…

2 weeks ago

Venezuelans Queue Up at Gas Stations as Maduro’s Latest Fintech Plan Falters

As Venezuelan President Nicolas Maduro starts rolling out major monetary changes, citizens have hit a snag with the new point-of-sale systems…

1 month ago

The Petro Probably Doesn’t Exist, Nor the Oil Reserves Backing It: Report

A month after Venezuelan president Nicholas Maduro announced the creation of the Petro, a state-backed cryptocurrency that would supposedly bring…

1 month ago

Venezuelan President Maduro Orders Banks to Adopt Crypto ‘Petro’

The president of Venezuela, Nicolas Maduro, has reportedly ordered banks in the South American country to adopt the oil-backed state…

2 months ago

Venezuela’s Central Bank Launches Android App to Convert Bolivars to Petro-Pegged Currency

The Banco Central de Venezuela, Venezuela’s central bank, has recently launched an Android app to help the country’s residents convert…

2 months ago

Bitcoin Venezuela on Why the Petro Isn’t Even ‘Backed by Trust’

Randy Brito is the head of Bitcoin Venezuela, a non-profit organization dedicated to educate and promote Bitcoin in Venezuela. He…

2 months ago

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