Venezuela

Venezuela

Markten

Venezuela Isn't the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Venezuela

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Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

petro

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

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

Petro maduro

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This Bitcoin Skeptic Wants to Make 'Stable' Cryptos for Venezuela

Economist Steve Hanke has joined the board of the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new system for price-stable assets he will design.

Economist Steve Hanke

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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.

oil drums

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Venezuelans Forced to Use Petro Cryptocurrency to Pay for Passports

Venezuelans must now pay for passports with the country's controversial petro token, according to a report.

(Ronlug/Shutterstock)

Markten

US Senators Seek Stronger Sanctions on Venezuela's 'Petro' Cryptocurrency

A bipartisan group of U.S. senators is pushing for tighter sanctions against Venezuela's state-backed cryptocurrency, known as the petro.

The dome of the Capitol

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Venezuela to Adopt Controversial Petro Token in Global Trade

Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.

Maduro

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Venezuela's Petro Cryptocurrency Is a Gift to Future Generations

The petro cryptocurrency may be one of the most ill-conceived blockchain projects. But it just might speak to exactly why the tech is gravely needed.

bitcoin, map

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Crypto Exchange AirTM Targets Troubled Markets With $7 Million Raise

Peer-to-peer cryptocurrency exchange AirTM has raised $7 million it says it will use to expand in troubled Latin American economies.

South America