Venezuela

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.
Venezuela’s President Promises to Pay Pensioners in Digital Asset Petro
Nov 22, 2019 at 11:59
News
Venezuela’s President Promises to Pay Pensioners in Digital Asset Petro
On Sunday November 17 of this year, the current president of Venezuela, Nicholas Maduro made a statement that the government’s financial authorities will pay a Christmas bonus to a large number of retirees and pensioners using their own national digital asset called the Petro.
Venezuela Turns Tax Revenues into Bitcoin to Bypass Sanctions
Jul 28, 2019 at 12:44
News
Venezuela Turns Tax Revenues into Bitcoin to Bypass Sanctions
The government of Venezuela has allegedly been spinning airport tax revenues into Bitcoin (BTC) and virtual currency to sidestep international sanctions. From the research made by a Spanish newspaper ABC, the President of Venezuela Nicolas Maduro plus his working admin are allegedly exploiting a virtual currency wallet application to spin tax revenue into popular digital assets, and then traded on cryptocurrency exchanges in different countries including China, Iran, Hungary, Russia, etc.
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