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An Ethereum developer is claiming the state-backed petro (PTR) cryptocurrency, a plaything to Venezuelan President Nicolas Maduro, has taken substantial amounts of its newly published whitepaper from Dash (DASH). Indeed, at least at first glance, it does appear there are close similarities between the altcoin and the world’s first national cryptocurrency. Also read: Bitcoin Cash … Read more
Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.” A new whitepaper has also been published showing that the petro is … Read more
Petro will be officially sold starting in November, Maduro claims, stating the coin is about to appear in major crypto exchanges Go to Source Powered by WPeMatico
The Petro is soon to be traded on an international level, according to Venezuela’s president, who has ignored alarming reports on the existence of the coin Go to Source Powered by WPeMatico
Venezuela’s adoption of crypto isn’t just about hyperinflation, it’s about evangelism and entrepreneurship too Go to Source Powered by WPeMatico
The petro has stirred up a lot of debate among the cryptocurrency community, with some people who believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions, while others see it as a scam by a corrupt government that already inflicted economic calamities, such as hyperinflation, against … Read more
An investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), has attempted to square government claims with facts on the ground Go to Source Powered by WPeMatico
Iran’s national cryptocurrency will be backed by the country’s fiat currency, the rial, and will be distributed in two phases, first as an interbank token and secondly for retail payments. These are some of the features of the digital currency that were revealed by the Informatics Services Corporation (ISC), an institution that develops banking and … Read more
Venezuela’s national oil-backed cryptocurrency, the Petro, has been scathingly denounced by local experts as an opaque “stunt” backed by a centralized and debt-saddled entity Go to Source Powered by WPeMatico
Financially troubled Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, is also the birthplace of a number of alternative coins beside the state-issued, oil-backed national cryptocurrency, El Petro. Crisis-hit Venezuelans are actually using some of them in real life, according to the local crypto community. Also read: Coinhive Mints Quarter … Read more
