Venezuela


Mercados

US Senators Seek Stronger Sanctions on Venezuela's 'Petro' Cryptocurrency

A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.

(Image via Shutterstock)

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Venezuela to Adopt Controversial Petro Token in Global Trade

Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.

Maduro

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Venezuela's Petro Cryptocurrency Is a Gift to Future Generations

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.

bitcoin, map

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Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.

South America

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Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

Venezuelan bolivars

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Even If It Fails: Why Dash Could Have a Lasting Impact on Crypto Adoption

Few cryptocurrency projects are evangelizing in emerging markets as aggressively as dash, giving $2.3 million to communities in the developing world.

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Mercados

Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.

petro

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Venezuela's New National Currency Will Be Tied to the Petro, Says President

Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token.

Maduro

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Bitcoin Exchange Paxful Reveals Plan to Reach Venezuela's Unbanked

Paxful says business is surging in developing nations, where mobile phones are abundant and cheap, but access to exchange platforms remains scarce.

Venezuelan bolivars

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A Plan to Send Millions in Bitcoin to Venezuela Is Moving Ahead

Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country's ongoing economic crisis.

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