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venezuela petro cryptocurrency use blocked by white house




the white house has officially banned the use of venezuela’s state cryptocurrency “petro.” an executive order on the matter was signed by trump today, and in it the white house dictates that all us persons, including permanent residents and entities, are prohibited from buying or otherwise dea...



soon, venezuela to launch oil-backed bitcoin-like cryptocurrency




venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis, the socialist government said on thursday. president nicolas maduro surprised many earlier this month when he announced the "petro" cryptocur...



slippery start for venezuela's petro crypto coin




the government of crisis-torn venezuela, struggling to overcome chronic liquidity shortages and burdened by us sanctions, launched the first government-backed cryptocurrency, the petro, earlier this year.



venezuela says its cryptocurrency raised $735 million—but it’s a farce




enlarge/ nicolas maduro, venezuela's president, speaks during the petro cryptocurrency launch event in caracas, venezuela, on tuesday, february 20, 2018. wil riera/bloomberg via getty imagesshare this storyvenezuelan president nicolás maduro claims a new state-sponsored cryptocurrency called the pe...



venezuela's petro cryptocurrency is backed by oil and now available




venezuela is tackling its economic woes by launching its own cryptocurrency called “petro.” the country claims this is the first sovereign cryptocurrency, and it’s backed by the nation’s crude oil reserves. the digital money is available now; there are plans to sell 100 million petros total ...



venezuela to issue $5.9 bn in oil-backed cryptocurrency: president maduro




president nicolas maduro said on friday that venezuela would issue 100 million units of its new oil-backed cryptocurrency in coming days, although it is unclear whether any investors will want to purchase the "petro" at a time when the opec member is going through a deep economic crisis and its left...



trump bans venezuelan cryptocurrency in the us




the order bans all transactions happening in the us related to "any digital currency, digital coin, or digital token, that was issued by, for, or on behalf of the government of venezuela on or after january 9, 2018" -- aka, the petro. maduro had said that about 100 million tokens of the cryptocurren...



venezuela's own bitcoin-like cryptocurrency will be ready within days: governmen




caracas: venezuela will launch a bitcoin-like cryptocurrency within days, to be backed by 5.3 billion barrels of oil, in a bid to offset a deep financial crisis, the socialist government said on thursday.president nicolas maduro surprised many earlier this month when he announced the "petro", to b...



petro: can venezuela’s oil-backed cryptocurrency save its economy?




venezuela will today begin selling its own oil-backed cryptocurrency, which the government hopes will raise more than $1bn and save the country’s crumbling economy.see related liberland: the bitcoin nation welcoming mellow new citizenswill trump's sanctions on venezuela backfire?venezuela’s pre...



presstv-venezuela launches own digital currency ‘petro’




venezuela has officially launched its own digital currency to become the first country with its own oil-backed cryptocurrency.the currency would be traded at the secondary market both at home and abroad starting from april. however, official figures released on wednesday showed it was already being ...



venezuela’s bizarre campaign to launch its own cryptocurrency




in january, the venezuelan government released a curious white paper detailing plans for the world’s first government-sponsored cryptocurrency called petro, which would be backed by the country’s oil reserves. now the idea is coming to life—and it’s confusing. after launching a presale for t...



'the petro is born': venezuela launches its cryptocurrency




caracas, venezuela: crisis-ridden venezuela is launching an oil-backed cryptocurrency on tuesday that it hopes will help circumvent us financial sanctions and resurrect the country's moribund economy.the pre-sale of the "petro," which will represent a barrel of crude from a specific division in th...



venezuela may ditch 'dollar', create 'petro' an oil-backed cryptocurrency




venezuelan president nicolas maduro looked to the world of digital currency to circumvent u.s.-led financial sanctions, announcing on sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. the leftist leader offered few specifics about the currency launch or how the...



slippery start for venezuela's petro crypto coin




venezuela's president nicolas maduro launched the oil-backed petro on february 20, putting 38.4 million units of the world's first state-backed digital currency on private pre-salethe government of crisis-torn venezuela, struggling to overcome chronic liquidity shortages and burdened by us sanctions...



presstv-venezuela to use cryptocurrency to evade sanctions




venezuela has announced plans to establish its own cryptocurrency system to carry out financial transactions and search for new financing options.the country’s finance ministry announced in a recent statement that venezuelan president nicolas maduro had issued an order to the same effect as a way ...



presstv-venezuela to launch new cryptocurrency




venezuelan president nicolas maduro has announced that his country will be introducing a new cryptocurrency to battle the us financial “blockade.”  "venezuela will create a cryptocurrency... the 'petro,' to advance in issues of monetary sovereignty, to make financial transactions and overcome ...



presstv-venezuela to launch new cryptocurrency




venezuelan president nicolas maduro has announced that his country will be introducing a new cryptocurrency to battle the us financial “blockade.”  "venezuela will create a cryptocurrency... the 'petro,' to advance in issues of monetary sovereignty, to make financial transactions and overcome ...



'the petro is born': venezuela launches its cryptocurrency




some critics also say the project does not make technical sense because the government will have too much space to manipulate the coin.but proponents believe buyers may find the currency appealing since it is backed by a commodity and an administration with incentives to see it succeed.other cryptoc...



us bans maduro's venezuelan digital currency, imposes new sanctions




washington: the trump administration is broadening sanctions against venezuela, blacklisting four government officials and banning a digital currency president nicolás maduro created last month to circumvent financial sanctions on his economically strapped nation.the white house said the new measur...



presstv-venezuela to launch new cryptocurrency




venezuelan president nicolas maduro has announced that his country will be introducing a new cryptocurrency to battle the us financial “blockade.”  maduro made the announcement on sunday, adding that the new currency, “petro,” will be backed by natural resources reserves without providing f...



au venezuela, une monnaie virtuelle contre le blocus financier des etats-unis




face à une crise économique sans précédent, le venezuela annonce la création d’une « devise cryptographique », le petro. celui-ci aura la valeur d’un baril de pétrole, a précisé le président nicolas maduro.le bolivar est en capilotade, vive le petro ! dans un venezuela aux prises ave...



where could bitcoin succeed as a currency? in a failed state




when juan pinto gets in line at the movie theater, he takes out his phone and trades just enough bitcoin for venezuelan bolivars to pay for the ticket by the time he gets to the counter. pinto lives in venezuela, but doesn’t keep any of his money in the national currency. the 29-year-old quit his ...



presstv-trump slaps tough sanctions on venezuela




the united states has imposed potentially hard-hitting economic sanctions on venezuela, barring banks from any new financial dealings with the government or state-run oil company pdvsa.the white house on friday announced president donald trump had signed an executive order "imposing strong, new fina...



presstv-us mulls financial sanctions against venezuela




the united states is considering financial sanctions against venezuela to restrict the opec nation's oil exports, according to a new report.the proposed us sanctions would halt dollar payments for venezuela’s oil, reuters reported saturday, citing a senior white house official and an adviser with ...



presstv-marshall islands creating own virtual currency




the tiny marshall islands is creating its own digital currency in order to raise some hard cash to pay bills and boost the economy.the pacific island nation said it became the first country in the world to recognize a cryptocurrency as its legal tender when it passed a law this week to create the di...