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US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto
26.3.2020
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running
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)...
Venezuelans Selling Petro on LocalBitcoins at Half the Official Price
22.1.2020
Venezuelans have turned to LocalBitcoins to sell their airdropped Petro
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...
Maduro Announces Crypto Casino in Support of Petro and Public
20.1.2020
Venezuela’s Maduro announces crypto casino to run on country’s Petro
Maduro Opens Crypto Casino in Venezuela
20.1.2020
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in...
Venezuela’s Maduro: Airlines Must Use Petros to Pay for Fuel
15.1.2020
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president
Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro
15.1.2020
Venezuelan President Nicolas Maduro signed a decree to sell 4.5 million barrels of oil for Petros
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...
Problems Escalate in Venezuela as Millions Rush to Spend Petros
7.1.2020
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least...
Venezuelans Flock to Stores in their Droves to Spend Petro Payouts
30.12.2019
An associative picture. Opinion in Venezuela is divided on the subject of the country’s state-run cryptocurrency, the Petro, as citizens continue to queue around the block for “up to seven hours” at crypto-friendly stores.
Per a report from AFP, via El Dia, some citizens have expressed their...
Lines Form Outside Petro-accepting Stores in Venezuela + More News
27.12.2019
An associative picture. Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Long lines are reportedly forming at Venezuelan stores that accept Petro (PTR) pay, reports...
Authoritarian Airdop: Maduro ‘Gifts’ Petros to Venezuelans for Christmas
16.12.2019
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses
Christmas Bonus?: Maduro’s Gov’t Promises 8M Venezuelans Half a Petro Each
16.12.2019
Maduro promises half a Petro each to more than 8 million Venezuelans
Venezuela’s Maduro Says He Will Airdrop Half a Petro Each to Nation’s Civilians
16.12.2019
Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform
Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
15.12.2019
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip)...
Venezuela Cuts Petro’s Backing from 5B Barrels of Oil to 30M: Reuters
21.11.2019
Venezuela to back its Petro with 30 million barrels of crude oil instead of 5 billion barrels as initially planned
Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus
21.11.2019
Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also...
Venezuela to pay pensioners their bonuses in Petro
18.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 18 November, 2019 “The best way to make your dreams come true is to wake up.” – Paul Valery In today's newsletter, we will be covering: Bitcoin (BTC) rewards app Lolli responding to […]
The post Venezuela to pay pensioners their...
Venezuela to pay pensioners their bonuses in Petro
18.11.2019
CoinMarketCap Daily Newsletter Your daily newsletter for 18 November, 2019 “The best way to make your dreams come true is to wake up.” – Paul Valery In today's newsletter, we will be covering: Bitcoin (BTC) rewards app Lolli responding to […]
The post Venezuela to pay pensioners their...