The Venezuelan army turns to crypto mining as the country's economy collapses.
Petro News
- News12747
- News
Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
13660 - News
Crypto garnered another mention in one of Maduro's bombastic speeches.
8686 - News
The Venezuelan government has not yet announced partnerships capable of listing PTR abroad.
20145 - News
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.
5413 - News
The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.
4447 - News
The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes.
4514 - News
Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime.
9923 - News
Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month.
5668 - News
Venezuelan digital asset exchange Criptolago has introduced SMS-based cryptocurrency transfers.
7425 - Expert Take
Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders.
6956 - News
As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors.
6862 - Analysis
Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.
3735 - Opinion
Cryptocurrency is an alternative to sovereign currencies that are issued by state governments, but national digital currencies are not so far away from being launched.
3485 - News
Around 6 to 8 million Venezuelans were airdropped half a Petro each by the government, with many trying to sell it for half the official price.
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