Tag: Venezuela

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.
Tomorrow November 9, our CEO @jorgeluisfarias will be in an interview that you can not stop hearing on @unionradionet in Venezuela, led by…Continue reading on Medium ».
Cryptobuyermedium ·  
Our very own Chief Marketing Officer, Jai Bifulco, was selected to address the crisis in Venezuela with their unique use of blockchain…Continue reading on Medium ».
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 .
Venezuela set a new Bitcoin trading record last week as the country embraces cryptocurrency more than ever. Venezuela Trades 1075 BTC in 7 Days According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat all previous highs.
Patrick Byrne, CEO of Overstock spoke about Bitcoin [BTC], the biggest cryptocurrency in the market, becoming a world currency, in an interview with Noami Brockwell on Youtube. The CEO stated that people turn to Bitcoin when their country’s financial system collapses, like the Venezuela or Syria.
Priyaambcrypto ·  
Venezuela Seeks Return Of Gold Worth $550 Million From Bank of England CARACAS (Reuters) – Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in…Read more ›.
Dash Text, a Venezuelan startup, is fully open to the public and allows users to send and receive Dash with only a cell phone number. The service is free, and the company has plans to expand to other countries and introduce more capabilities.
Regulation The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan […].
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.
The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency. Also Read: Venezuela’s Supreme Court Orders Payment in National Cryptocurrency Report Highlights Plan to […] The post China Targets ‘Disguised’ ICOs in Crypto Crackdown Update appeared first on Bitcoin News.
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.
Crypto project Dash has announced the launch of Dash Text, an SMS-based cryptocurrency transaction service for Venezuelan users, as it builds on its already strong presence in the crypto dependent country. In an announcement released this week, the company said that Dash Text eliminates the need for Venezuelan users to possess smartphones and internet access The post Dash Launches Text-Based Crypto Payment Service in Venezuela appeared first on CCN .
David Hundeyinccn ·  
CoinSpeaker Dash Surges Amid Tether Effect, Launches Text-Based Crypto Payments in Venezuela While Tether loses its peg against the US Dollar, Dash price is surging. Another positive news is that the startup is launching Dash Text - text-based crypto payment service in Venezuela.
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. .
Dash Text launched in Venezuela today, allowing users without smartphones to send and receive Dash using SMS enabled cell phones on the Movistar and Digitel networks. Dash Text was created through a partnership with BlockCypher.
Dash Text will allow people in the country to make and receive payments via SMS.
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.
The Venezuelan journalist Victor Salmeron in his book published in 2005, named Venezuelan economy like the economy of chaos. In his text…Continue reading on Medium ».
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.
LocalBitcoins is a good yardstick for measuring bitcoin usage on a country by country basis. A new analysis dives deeper than ever before into the data, considering metrics that have previously been overlooked.
Hi my name is Victor, I'm from Venezuela and have been into Bitcoin and crypto in general for a while (Sorry english is not my mother language) Since my first post in this sub, where I visited that a local Butcher shop was accepting Bitcoin and Crypto as payment, I received a couple donations to help me, since I didn't feel ok to take the money for me I recruited a couple of my abuelas, and mom and we gave away over 50 arepas. that was an emotional shocker for me.
/u/imvitoreddit ·  
Inflation in Venezuela has reached alarming levels in the last months. According to some reports, Venezuela could have an inflation of 10,000,000 per cent this year.
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.
During October 2018, Bitcoin trading volumes on the peer-to-peer (P2P) platform LocalBitcoins reached peak levels in Argentina, Venezuela, and Egypt. Elsewhere, places like Croatia and Switzerland are at their lowest levels since the start of 2018.
The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week volume The post Soaring Inflation Sends Bitcoin Trading Volume to [Another] New High in Venezuela appeared first on CCN .
Mark Ememccn ·  
Venezuela is currently going through a challenging economic period. The IMF predicts inflation may reach 1,000,000% by the end of 2018.
Kaiacoinstaker ·  
Citizens of Venezuela have turned to Bitcoin and gold farming in online games to survive the country’s economic collapse. It’s been a hellish couple of years for the people of Venezuela.
Bitcoin Press Release: Hong Kong-based cryptocurrency exchange CoinCola has chosen Venezuela as their first new market. Best known for its peer-to-peer OTC cryptocurrency platform, CoinCola allows traders to buy and sell bitcoin using their local fiat currency.
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. .
Hong Kong-based cryptocurrency exchange CoinCola has chosen Venezuela as their first new market. Best known for its peer-to-peer OTC cryptocurrency platform, CoinCola allows traders to buy and sell bitcoin using their local fiat currency.
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.
Citing the data from Localbitcoins, Venezuelans converted a total of 1073 BTC ($7. 1 million) in the week ending Saturday — the most since records began in 2013.
Last Friday, September 24th took place in Caracas, Venezuela the first smart breakfast meetup directed to young entrepreneurs who…Continue reading on Medium ».
Ryan Taylor speaks about the future of Dash as well as its growing presence in Venezuela. .
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.
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.