Venezuela

Venezuelans Tend to Trust in Bitcoin More than in Bolivar or Petro
Dec 17, 2020 at 10:10
News
Venezuelans Tend to Trust in Bitcoin More than in Bolivar or Petro
Venezuela is amidst one of the toughest economic recessions in the country’s history. To reinforce their standing, its citizens turn to Bitcoin. The flagship cryptocurrency tends to be more stable than the Bolivar, or the Petro, an oil-backed crypto issued by the Venezuelan government.
Venezuela Applies Cryptocurrency-Based Solutions to Bypass Sanctions
Dec 14, 2020 at 10:06
News
Venezuela Applies Cryptocurrency-Based Solutions to Bypass Sanctions
Venezuela faces lots of issues due to the sanctions imposed by the United States of America against the authoritarian regime of President Nicolas Maduro. Therefore, its citizens face the need for tools and ways that would allow them to circumvent the economic crisis in the country.
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Jun 03, 2020 at 12:58
News
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Venezuela has been pressing different knobs to find the right answer to save its struggling crypto, the Petro.
Venezuelans Will be Able to Shop Using Bitcoin and other Cryptocurrencies
May 20, 2020 at 14:31
News
Venezuelans Will be Able to Shop Using Bitcoin and other Cryptocurrencies
The economically struggling South American country and a strong supporter of crypto as a means of payment will see over 20,000 merchants recognize bitcoin and other cryptocurrencies as legal tender for shopping come June.
Maduro Tries to Promote Petro Again by Airdropping It to Doctors
Apr 04, 2020 at 08:43
News
Maduro Tries to Promote Petro Again by Airdropping It to Doctors
The President of Venezuela Nicolas Maduro plans on giving one free Petro to each doctor to do justice to medical workers that are risking their lives to fight the COVID-19 pandemic.
US Charges Venezuelan President with Using Cryptocurrency to Hide Illicit Drug Transactions
Mar 30, 2020 at 13:44
News
US Charges Venezuelan President with Using Cryptocurrency to Hide Illicit Drug Transactions
US authorities indicted blockchain and digital currency friendly president of Venezuela Nicolas Maduro and 14 other senior government administrators  with narco-terrorism and participating in conducting illegal dealings specifically drug trafficking using cryptocurrencies payments to  camouflage their tracks and circumvent sanctions.
Blockchain and Tokenization to Fight Protests and Social Inequalities
Feb 02, 2020 at 11:06
News
Blockchain and Tokenization to Fight Protests and Social Inequalities
Blockchain can be used to overcome social inequalities like the French protests that have been occurring month-in-month-out since late 2018, the political protests that normally happen in Venezuela, and many others.
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
Jan 04, 2020 at 08:50
News
Venezuela Ready to Sell Oil and Gas for Petro Cryptocurrency
President Nicolás Maduro, states that, from 2020, oil will be sold for Petros, the cryptocurrency developed by the Venezuelan government. He assured that this year the country's oil production will be sold in their own oil-backed stablecoin.
Venezuela Plans to Use Oil Available in Tanks to Back Petro Cryptocurrency
Nov 23, 2019 at 11:12
News
Venezuela Plans to Use Oil Available in Tanks to Back Petro Cryptocurrency
On Wednesday, President of Venezuela Nicolas Maduro revealed that 30 million barrels worth of oil placed in storage tanks is going to work as the backing for the OPEC nation’s government-owned digital asset known as Petro, that has been going through tougher times including being sanctioned by the U.S government under the leadership of President Donald Trump.
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