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Mineable and tradable from anywhere, cryptocurrency is borderless. Its adoption nevertheless hinges in part upon the stance taken by nation states. Politicians have the power to integrate, legitimize and push crypto to the next stage of mainstream adoption. A number of influential politicians around the globe have expressed varying levels of support for digital currencies and blockchain … Read more
Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is now considered the first state-issued cryptocurrency. Although no one is really sure whether the coin actually works, Venezuelans have already seen their salaries denominated in the national crypto and their pensions converted to petro. Imposing … Read more
After an intense 2017, filled with cryptocurrency market spikes, the following year was loaded with letdowns as a great majority of digital assets plunged well over 80 percent in value since their all-time highs. 2018 was also filled with lots of headlines about digital currency regulations, exchange hacks, and postponed exchange-traded funds. Also read: Feed 7 … Read more
The Venezuelan gov’t has reportedly converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro Go to Source Powered by WPeMatico
Venezuelan leader Maduro has increased the Petro’s value from 3,600 to 9,000 bolivars, as the country strives to combat a 200,000 percent inflation rate Go to Source Powered by WPeMatico
National Assembly of Venezuela adopts crypto legislation and amendments to AML law that allow local exchanges to trade Petro on a global scale Go to Source Powered by WPeMatico
Manuel Quevedo, Venezuela’s Minister of Oil, is taking Petro to OPEC in 2019 to offer it as a global unit of account for crude oil trading Go to Source Powered by WPeMatico
There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything. Despite the overwhelming controversy, the Petro will commence trading on six cryptocurrency exchanges moving forward. Another Dubious Petro-related Development Ever since President Maduro created the Petro … Read more
The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into … Read more
Venezuela officially launches state-owned Petro, which can only be purchased from the coin’s website or directly from National treasury for cryptoassets Go to Source Powered by WPeMatico
