Tag: Petro

The Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase.
The Venezuelan government is reportedly going to present its oil-backed cryptocurrency, the Petro, to the Organization of Petroleum Exporting Countries (OPEC) as a unit of account for oil. According to local news outlet Telesur, the country’s petroleum minister and the president of state-run oil and natural gas company PDVSA, Manuel Quevedo, stated that Petro transactions The post Venezuela to Present Petro Crypto to OPEC as a Unit of Oil appeared first on CCN .
CoinSpeaker Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil. Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token .
According to TeleSUR TV, a mainstream media outlet in Venezuela, the country’s “cryptocurrency” called the Petro can only be traded to other crypto assets if bought before the end of 2018. Former Wall Street bond trader and digital asset analyst Jill Carlson translated the speech of Venezuelan President Nicolas Maduro, which read: “Anyone who buys […].
According to TeleSUR TV, a mainstream media outlet in Venezuela, the country’s “cryptocurrency” called the Petro can only be traded to other crypto assets if bought before the end of 2018. Former Wall Street bond trader and digital asset analyst Jill Carlson translated the speech of Venezuelan President Nicolas Maduro, which read: “Anyone who buys The post Absurd: Investors Can Only Trade Venezuelan Petro to Crypto if Bought in 2018 appeared first on CCN .
Joseph Youngccn ·  
Manuel Quevedo, Venezuela’s minister of petroleum and the president of the nation’s oil company PDVSA, announced that the national cryptocurrency, the Petro, would be presented to the Organization of the Petroleum Exporting Countries (OPEC) as “the main digital currency backed by oil. ” Quevedo also claimed: "Petro will become the digital currency of oil transactions worldwide; we will present it to OPEC, it is one of the internationalization measures of the currency.
Petro is the state-backed currency of Venezuela, but they want to expand its use to be applied to oil as well. They are planning to present their option as a “digital currency of oil” at the Organization of the Petroleum Exporting Countries (OPEC) next year, according to a twitter post from PDVSA.
For a technological innovation that ceased to exist a decade ago, the relationship between geo-political events and cryptocurrencies is somewhat uncanny. Whether it’s Venezuela and their controversial Petro Coin, the Marshall Islands installing a legislative framework for the issuance of […] The post Will Re-Ignited U.
Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil. RT @PresidencialVen: #NOTICIA NEWS: Everyone who saves […] The post Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019 appeared first on CryptoSlate.
HE Yi, co-founder of the world’s largest crypto exchange Binance, just posted on China’s Twitter Weibo, lambasting Venezuela’s troubled…Continue reading on Medium ».
Max Humedium ·  
Venezuela’s government plans to present its national cryptocurrency, the Petro, as a unit of account for international crude oil trade to the Organization of Petroleum Exporting Countries (OPEC). The move is a further attempt by the country’s government to strengthen the position of its controversial state-issued cryptocurrency.
The head of Venezuela’s state oil company reveals that the country will present Petro at the next OPEC meeting, offering the coin as a unit of account. Venezuela will present its state-backed cryptocurrency Petro as a unit of account for crude oil trading to the Organization of the Petroleum Exporting Countries (OPEC) in 2019, the country’s oil company PDVSA reports on its Twitter Nov.
The Venezuelan government has recently launched a Petro savings plan that allows the country’s citizens to put their money into the oil-backed cryptocurrency and “save by means of a certificate. ” Venezuela Launches Petro Savings Plan for 18 Million Citizens According to local news outlet Telesur, the savings plan is part of the “Comprehensive National Cryptoasset […].
The Venezuelan government has recently launched a Petro savings plan that allows the country’s citizens to put their money into the oil-backed cryptocurrency and “save by means of a certificate. ” Venezuela Launches Petro Savings Plan for 18 Million Citizens According to local news outlet Telesur, the savings plan is part of the “Comprehensive National Cryptoasset The post Maduro Bankrupted Venezuela — Now He’s Launching a Petro Savings Plan appeared first on CCN .
The Daily In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border […].
In this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with […] The post The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets appeared first on Bitcoin News.
Venezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency.
Venezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has begun appearing on screens when Venezuelan customers log in to their bank accounts.
Venezuela’s controversial state-sponsored cryptocurrency, the ‘Petro,’ is back…kind of. And it’s already starting to feel like a case of déjà vu.
Venezuela continues to make headlines the wrong way through a series of bungled monetary moves, first and foremost its attempt to peg its fiat to Petro Coin. .
After many delays, the Venezuelan government's controversial fiat cryptocurrency, the Petro, is finally on sale. However, the currency may struggle to find market share among so many trusted and decentralized alternatives.
The Venezuelan government announced via Twitter on Monday that its controversial Petro cryptocurrency is now on sale to residents of the country via the official government portal. #Enterate || El Petro podrá ser adquirido por personas jurídicas y naturales desde su portal web https://t.
After months of speculation regarding the status of Venezuela’s much-publicised Petro cryptocurrency project, the Venezuelan government…Continue reading on Medium ».
Itradebitmedium ·  
After what seems like an unnecessarily long bout of teasing, we can finally get our hands on all those lovely Venezuelan Petro.   As Bitcoinist reported earlier this month, the Petro has been finally launched by the Venezuela government.
When rumours surface of a national government planning to issue a state-backed cryptocurrency, it often excites the blockchain community, not least because it gives the digital phenomenon an element of legitimacy. However, in the case of Venezuela – a nation […] The post Venezuela’s Highly Controversial Government-Backed Petro Coin Has Officially Launched appeared first on Blockonomi.
Crowdfunding 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.
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.
After months of speculation regarding the status of Venezuela’s much-publicised Petro cryptocurrency project, the Venezuelan government has announced that the Petro is now available for sale and can be bought with bitcoin and litecoin. A tweet from the official account of the Venezuelan Vice president of the Economy, Tareck El Aissami posted on October 29 The post Controversial Venezuelan State Cryptocurrency ‘Petro’ is Now for Sale appeared first on CCN .
David Hundeyinccn ·  
Venezuela launches the official sale of state-owned Petro — a controversial coin that can only be purchased from its website or directly from National treasury for cryptoassets. Venezuela’s controversial state-owned cryptocurrency the Petro is now available for purchase for fiat and crypto, Venezuelan Economy Department announced on Twitter Monday, Oct.
The national government of Venezuela has authorized six crypto exchanges to start selling the national cryptocurrency, Petro. The token was launched earlier this year, and it’s now the national currency for the… Continue reading "Venezuela Authorized 6 Exchanges To Sell Petro, National Cryptocurrency" The post Venezuela Authorized 6 Exchanges To Sell Petro, National Cryptocurrency appeared first on UseTheBitcoin.
Petro should form an investment priority for Venezuelans, the country’s president has said. The president of Venezuela Nicolas Maduro called on workers to save in gold and state-run cryptocurrency Petro during a salary shake-up he announced Thursday, October 18, local news portal Noticiero Digital reports.
Venezuelans will have to pay for their passport fees using the government-backed Petro cryptocurrency. The Pero has been created by the government and is allegedly backed by oil and other… Continue reading "Venezuelans To Use the Petro Cryptocurrency to Pay for Passport Fees" The post Venezuelans To Use the Petro Cryptocurrency to Pay for Passport Fees appeared first on UseTheBitcoin.
Starting next week, Venezuelans will have to pay their passport fees with the petro, the controversial state-supported cryptocurrency that is allegedly backed by oil. This was announced in a press conference on Friday, Oct.
Jimmy Akiccn ·  
Effective from November 1, the cost of issuing new passports is 2 Petros while that for the extension will be 1 Petro, said Venezuelan vice president Delcy Rodriguez The post Venezuela Makes Its Mandatory to Pay for Passport Using the Petro Cryptocurrency appeared first on CoinSpeaker. .
Venezuela’s national cryptocurrency venture continues to generate media buzz. The Petro is designed to bypass existing sanctions and embargoes imposed upon the country.
Venezuela posted its largest-ever Bitcoin trading volumes last week, data compiled October 6 confirms, as the country announced several new economic shake-ups.   7 Days, $7 Million Statistics covering P2P trading platform Localbitcoins show that Venezuelans converted a total of 1073 BTC ($7.
In efforts to curtail exodus from the country, the Venezuelan government has made it impossible to buy passports with bolivars. .
This post was originally published here Venezuelans are now being forced to pay for passports with the country’s controversial petro cryptocurrency, a report indicates. According to Bloomberg, Vice President Delcy Rodriguez said in a press conference on Friday that a new passport will cost citizens two petros, an amount worth 7,200 bolivars.
This post was originally published here Venezuelans are now being forced to pay for passports with the country’s controversial petro cryptocurrency, a report indicates. According to Bloomberg, Vice President Delcy Rodriguez said in a press conference on Friday that a new passport will cost citizens two petros, an amount worth 7,200 bolivars.
This post was originally published here Venezuelans can only use the state-backed cryptocurrency, the Petro, to pay for passport fees starting next week, the country’s vice president Delcy Rodriguez said in a press conference Friday, Oct. 5.
After much controversy and speculation, the government of Venezuela has announced plans to take its state-backed petro cryptocurrency public. Public Sale Announced According to RT News, the public sale will commence Nov.
Sam Bourgihacked ·  
Petro, the cryptocurrency touted as a way out of Venezuela’s financial crisis, will become the only payment method for passports starting Oct. 8.
Venezuela’s President Nicolas Maduro recently announced the official launch of the Petro cryptocurrency. In a follow-up development, the government says payment for travel passports will now be made in Petro.
The Wall Street Journal creates, then gets rid of, its own cryptocurrency and the Petro may be ready for public sale in November. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week.
Amidst a deepening economic and social crisis and a mass exodus of its citizens, Venezuela enforces payment for the passport by the state-backed cryptocurrency Petro. “Pay by Petro” Says the Government According to figures provided by the United Nations, it is estimated that 5000 Venezuelans are leaving the country every day to escape the hardships.
The thousands of people trying to get out of Venezuela will soon have another hurdle in their path: the inability to buy a passport without enough of the country’s new cryptocurrency Petro. Thousands Trying to Leave The economic crisis that led to the Petro’s creation has caused an estimated 5,000 people per day to leave […] The post Crypto Will Soon be the Only Option for Venezuelans Looking to Buy a Passport appeared first on CryptoSlate.
President Nicolas Maduro of Venezuela has announced the official launched the oil-backed cryptocurrency, Petro, in a televised address to the crisis-struck country. Petro, the Oil-Backed Digital Currency In a bid to recover from the economic crisis that Venezuela currently is in, President Nicolas Maduro in a televised address earlier on Tuesday announced the launch of the.
Venezuelan president Nicolas Maduro officially announced the public sale of the controversial national cryptocurrency Petro, which is set on November 5. The post Venezuela’s Petro: Public Sale to Commence on November 5, New Details Brought to the Surface appeared first on CoinSpeaker.
Bitcoin trading volumes skyrocket amidst the hyper-inflation in Venezuela after Petro has been likened to Dash. .
With the Petro now officially launched, the public sale of the state-backed cryptocurrency will begin early next month. In a televised address on October 1 during Venezuelan president, Nicolas Maduro announced that the public sale of the Petro will kick off on November 5.
Mark Ememccn ·  
Ethereum developer points out that Petro white paper has copied an image from Dash’s GitHub repository, among other similarities. Venezuelan state-owned cryptocurrency Petro has apparently plagiarized parts of its white paper from the GitHub repository of Dash.
An historic event has occurred this October the 1st when the president of Venezuela announced “from November the 5th, the Petro will go on sale to the Venezuelan public in. .
Venezuela’s oil-backed cryptocurrency Petro (PTR) appears to be a “blatant” copy of Dash, as it has the same mining algorithm, similar features, and a part of its whitepaper appears to have been lifted from that of the privacy-centric cryptocurrency. As first pointed out by Ethereum developer Joey Zhou on Twitter, the oil-backed cryptocurrency’s whitepaper has on The post Venezuela’s Oil-Backed Petro Appears to Be a ‘Blatant’ Copy of Dash appeared first on CCN .
On Monday, Oct. 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of the Spanish-language white paper for the coin.
Venezuelan President Nicholas Maduro has made a series of announcements concerning the Petro. Currently, the public sale for the controversial virtual currency is set for November 5th.
Venezuela’s national cryptocurrency, the Petro, was officially launched on Monday, with President Nicolas Maduro delivering a speech. .
Venezuela’s oil-backed cryptocurrency, the Petro, will be released to the global markets this Monday, marking one of the first cryptocurrencies in the industry to be created and administered by a government. The cryptocurrency is part of the government’s “Economic Recovery, Growth, and Prosperity Program” that came about after the country fell into economic turmoil following.
Maduro has announced the official sale of the Petro starting in November, adding that the coin is about to be traded via six international crypto exchanges. Venezuelan president Nicolas Maduro has appeared on national television to announce the official launch of the national cryptocurrency Petro, according to a brief summary of his speech posted on Venezuela’s government website Monday, October 1.
Nicolas Maduro has stated the Petro will “com[e] into play” as a currency for global exchange in October. Venezuela’s oil-backed cryptocurrency, the Petro, will be used for international commercial transactions starting in October 2018, according to a September 21 statement made by Nicolas Maduro.
Report suggests that there is no circulation of Petro inside or outside of Venezuela and all the hype relating to it is just a big bubble that can burst anytime. The post Latest Report Questions the Existence of Venezuela’s Petro, Things Look a Lot Fishy appeared first on CoinSpeaker.
A month after Venezuelan president Nicholas Maduro announced the creation of the Petro, a state-backed cryptocurrency that would supposedly bring the country out of six-figure hyperinflation, the only place the Petro seems to exist is in the media. A Reuters special report recently documented the situation in the oil-rich savanna region around the town of Atapirire, The post The Petro Probably Doesn’t Exist, Nor the Oil Reserves Backing It: Report appeared first on CCN .
David Hundeyinccn ·  
Seven months after launching its oil-backed cryptocurrency, Venezuela’s government has produced little evidence that it actually exists. According to a new investigative report from Reuters, ‘petro’ and the oil barrels it is supposedly backed by are nowhere to be found.
Sam Bourgihacked ·  
Amidst a mounting economic crisis, Venezuela’s oil-backed cryptocurrency the Petro is nowhere to be found. Numerous reports indicate an almost non-existent usage within the country.
Reuters searched extensively through Venezuela but found no evidence that the Petro actually exists. The socialist policies of Venezuelan President Nicolás Maduro continue to wreak havoc upon the country’s economy.
The president of Venezuela, Nicolas Maduro, has reportedly ordered banks in the South American country to adopt the oil-backed state cryptocurrency, the petro, as a unit of account, according to Agence France-Presse. Per a resolution passed by Sudeban, Venezuela’s banking sector regulator, financial institutions in the country will now be required to ensure that their The post Venezuelan President Maduro Orders Banks to Adopt Crypto ‘Petro’ appeared first on CCN .
Mark Ememccn ·  
An investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), has attempted to square government claims with facts on the ground. Reuters has today, August 30, published an investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), attempting to square government claims with facts on the ground and evidence of the Petro’s transaction history to date.
Following the creation of Venezuela’s state-backed cryptocurrency, the Petro, citizens in the economically tumultuous country say that use of the Petro is nowhere to be found. The new investigative report from Reuter’s comes just a couple weeks after President Maduro declared it as the second national currency and mandated that banks adopt it as a.