Venezuela


Markets

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

Markets

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

Markets

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)

Markets

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.

(Image via Shutterstock)

Markets

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

Markets

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

Markets

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

Markets

Venezuela's Maduro Orders Banks to Adopt Petro Cryptocurrency

Venezuelan banks have been ordered to use the petro, the Maduro government-launched cryptocurrency, as a unit of account.

Venezuelan bolivars

Markets

Even If It Fails: Why Dash Could Have a Lasting Impact on Crypto Adoption

Few cryptocurrency projects are evangelizing in emerging markets as aggressively as dash, giving $2.3 million to communities in the developing world.

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Markets

Venezuela to Peg Pension, Salary Systems to Petro Cryptocurrency

Venezuela is set to begin using its "petro" cryptocurrency as an official accounting unit, according to the country's president.

petro