Petro

Iran: Still Waiting for the Blockchain Revolution

From Jan. 29 to 30, Tehran hosted the eighth annual conference on Electronic Banking and Payment Systems, which was promoted…

Venezuela Imposes Fees and Limits on Local Crypto Remittances

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7…

Venezuela on Fire: How Maduro’s Petro Plan Failed to Bail Out the Country

Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and…

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the…

Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of…

Venezuela Files Complaint With WTO Regarding US Sanctions Targeting Petro

On Jan. 8, the World Trade Organization (WTO) published a dispute settlement request that was filed by the Bolivarian Republic…

Venezuelan BCH Proponents Bolster Cryptocurrency Use Cases and Adoption

In the midst of a severe economic depression and the devaluation of the Venezuelan bolívar, bitcoin cash (BCH) supporters have…

Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a…

Venezuelan WTO Request Accuses US of ‘Discriminatory Measures’ Against Petro Coin

Venezuela has taken issue with United States sanctions, including those levied against transactions in the country’s national digital currency, the…

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