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A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms … Read more
El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced. Companies from many countries, including the United States, want to buy the oil-backed crypto, he added. Venezuela’s head of state also said he decided to denominate the national currency, the bolivar. Also read: Venezuela Recruiting … Read more
President Trump’s ban on Venezuela’s cryptocurrency Petro could hugely impact its future plans to launch yet another ICO #FOLLOW_UP Go to Source Powered by WPeMatico
U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive … Read more
Venezuela’s President Nicolas Maduro is charging headlong with the world’s first government-backed cryptocurrency, but the indications from the people who are meant to be using it are not good. #ANALYSIS Go to Source Powered by WPeMatico
Venezuelan government opens free cryptocurrency training for its citizens after the launch of Petro (PTR). #NEWS Go to Source Powered by WPeMatico
What is the economic nature and implications of Petro, the world’s first government-issued cryptocurrency? #ANALYSIS Go to Source Powered by WPeMatico
Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private … Read more
Venezuela’s oil-backed cryptocurrency, the petro, is a step closer to reality following the release of the official whitepaper. The eagerly anticipated document outlines the token model and crowdsale mechanism that will be used to launch the ethereum-based project in February. Having been officially signed off by president Nicolás Maduro, the whitepaper is finally available for … Read more
