Category: Petro

Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro

Venezuela has automatically converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro (PTR), according to a…

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. According to the Caracas Chronicles, an…

Fundraiser Aims to Raise $1M in Cryptocurrencies for Venezuelans

A cryptocurrency “airdrop” fundraiser has been launched to help Venezuelans. People are donating funds via a number of different coins…

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela’s President Maduro has said the nation will sidestep the U.S. dollar and phase in use of its controversial petro…

Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency designed to counter inflation, has sparked…

Venezuela: Maduro Raises Petro’s Value By 150 Percent Amid Ongoing Inflation

Venezuelan president Nicolas Maduro has raised the reference value of the national cryptocurrency, Petro, against the background of the country’s…

Maduro Orders Price of Venezuela’s ‘Cryptocurrency’ to More Than Double

Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from…

Venezuela: Parliament Approves Crypto Bill to Combat ‘Financial Blockade’

The Constituent National Assembly of Venezuela has approved a bill on cryptocurrency regulation, the country’s Ministry for Communication and Information…

Venezuela to Present Petro at OPEC as the ‘Digital Currency for Oil’

Venezuela is hoping the world's oil markets will start using its controversial national cryptocurrency, the petro. Manuel Quevedo, the country's…

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