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Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive
22.1.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is still alive, and Colombia works to regulate...
Latam Insights: Bukele Frontrunned Blackrock’s Bitcoin ETF Move, Bitcoin Lease Contracts in Argentina
14.1.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador’s President Nayib Bukele states they got into Bitcoin before Blackrock, the first bitcoin-settled lease contract goes live in Argentina...
Venezuelan Petro Reportedly on the Brink of Liquidation
13.1.2024
According to local sources, one of the first state-backed cryptocurrency assets, the Venezuelan Petro, would be facing an imminent liquidation. Asonacrip, a national cryptocurrency association, reported having information about the upcoming liquidation process, including the automatic exchange...
Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked
29.5.2023
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were...
Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token
29.4.2021
Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez...
Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro
22.12.2020
The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to...
Venezuelan Petro Payments May Be on the Rise
12.6.2020
The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token
US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies
2.6.2020
U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most...
Venezuelan Petro Crypto Pay Platform Left in Two-month Limbo
6.3.2020
Venezuela’s biometric authentication-powered crypto payment system is still down, over two months after it went offline, causing havoc for traders across the country.
The Biopago platform was the brainchild of the central Bank of Venezuela and allowed citizens to make payments in the petro (PTR)...
Cuba Considers Accepting Venezuelan Petro in Bilateral Deals
22.1.2020
Venezuela is in talks with Cuba about using the Petro, the former’s state-issued, oil-backed cryptocurrency, in bilateral payments including trade deals.
Per the Venezuelan state-run newspaper Correo del Orinoco, the two nations talked on the matter of cryptocurrencies at their most recent...
Venezuelan Petro-accepting Merchants Panic as Crypto Drive Hits Snag
13.1.2020
The Venezuelan government’s attempts to kickstart its cryptocurrency-powered economy appears to have hit a series of wrinkles – with the central Bank of Venezuela suspending service on its Petro-accepting Point-of-Sale (PoS) devices.
Per El Nacional, the central bank has indefinitely ceased Petro...