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Venezuelans Selling Petro on LocalBitcoins at Half the Official Price

News Venezuelans are reportedly selling the state-launched Petro (PTR) cryptocurrency that was airdropped to them recently. Though the government claims to have fixed the value of one PTR at $60, the market price on LocalBitcoins is reported to be only half of that. According to a Reddit thread, V..

Maduro Announces Crypto Casino in Support of Petro and Public

News Nicolas Maduro, president of Venezuela, announced on Friday the opening of a new crypto-run casino in a battered country where betting halls have all but gone extinct. A casino for reliefMaduro said Ávila National Park’s Hotel Humboldt will soon be home to an international casino that will o..

Maduro Orders State-Run Firm to Sell 4.5M Oil Barrels for Petro

News Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR). Venezuelan President Nicolas Maduro has signed a decree to sell 4.5 million barrels of oil from the certified 30 million-barrel reserve maintained by Petr..

Christmas Bonus?: Maduro’s Gov’t Promises 8M Venezuelans Half a Petro Each

News Venezuelan President Nicolás Maduro announced that this week the government will pay half a Petro to Venezuelan retirees and public workers as Christmas bonus. With a total of 4,500,000 retirees and 3,500,000 public workers, Maduro said in a speech on Dec. 15 that he expects to deliver half a..

Venezuelan Despot Maduro Says He Has Oil Coming for Petro Cryptocurrency

When a nation acts out on the international stage, world powers can apply punitive pressure by leveling sanctions against the offender. The current Venezuelan government knows this dynamic well, as corruption and a humanitarian crisis under Venezuelan President Nicolás Maduro has led the U.S. and o..

Venezuela to Pay Retirees and Pensioners Christmas Bonus in Petro

News Venezuelan President Nicholas Maduro announced that the Christmas bonus of the country’s retirees and pensioners will be paid to them in the national cryptocurrency Petro. The Twitter profile of local news outlet Venepress reported on Maduro’s remarks on Nov. 17. This particular instance is n..

Venezuela President Maduro Is Not Pro-Crypto, He Just Likes Petro

Analysis Last week, the president of Venezuela, Nicolás Maduro, appeared on national television approaching a Trezor-branded stall at a local technological fair. He seemed perplexed as to what exactly a hardware cryptocurrency wallet is supposed to do. Still, Maduro, device in hand, turned to the ..

EToro’s Crypto Exchange EToroX Lists Dash and Seven Stablecoins

Analysis Last week, the president of Venezuela, Nicolás Maduro, appeared on national television approaching a Trezor-branded stall at a local technological fair. He seemed perplexed as to what exactly a hardware cryptocurrency wallet is supposed to do. Still, Maduro, device in hand, turned to the ..

Venezuela: New Bitcoin Trading Record as Biggest Bank Embraces Petro

News Venezuela’s largest bank, Bank of Venezuela (BDV), has added support for the country’s controversial Petro digital currency. Bank of Venezuela hints at crypto walletAs cryptocurrency news outlet Decrypt reports on Sept. 13, BDV clients have discovered a new section in their online banking ac..

Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

Local News The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and b..

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