Cointelegraph
News
Venezuelan President Nicolás Maduro has announced that the Petro will be used as a unit of account in the country.
Venezuela’s president Nicolás Maduro announced that the country’s new national currency will be anchored to cryptocurrency Petro.
Analysis
The ICO market is one of the most interesting and controversial aspects of the cryptocurrency ecosystem — and for good reason, as statistics show.
The Venezuelan government is funding a housing initiative for the homeless with the national oil-backed cryptocurrency, the Petro.
Iran’s currency crisis in the wake of the US exit from the nuclear accord deal has brought crypto to the fore, at both gov’t and individual scale.
Venezuelan president Nicolás Maduro has announced the creation of a Petro-fuelled crypto bank to support initiatives from Venezuelan youth.
Local sources report that Venezuela has offered to give India a 30% discount on the sale of crude oil if they pay with Venezuela’s Petro coin.
Bitfinex has published a statement on the Petro coin, claiming that the platform will not support any tokens issued by the Venezuelan government.
Venezuela’s increasingly controversial Petro cryptocurrency was not offered to be used for Russian debt repayments, a Russian official says.
Follow up
US President Donald Trump issued an order on March 19 to effectively disallow American investors from participating in the ICO of the Venezuelan Petro.
US President Donald Trump introduces executive order, banning US citizens from buying Venezuela’s oil-backed digital currency, the Petro.
Why the cryptocurrencies are not saving the country in a crisis.
The Venezuelan government launches a free training course to teach its citizens how to buy, sell and mine cryptocurrencies following launch of Petro (PTR).
The governments of Turkey and Iran are considering launching their own state-backed cryptocurrencies, following in the wake of the Venezuelan Petro.
The crypto market is in the red again today, with Bitcoin dipping below $10,000 at one point, and Ethereum moving closer to $800.
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Venezuela will issue the first 100M Petros, the national cryptocurrency tied to the value of a barrel of oil.
Venezuela launched the pre-sale of the world’s first national cryptocurrency Petro (PTR).
Venezuela’s Minister of Foreign Trade has reported that countries like Poland, Denmark, Norway are already interested in the oil-backed “petro” cryptocurrency.
Venezuelan President Maduro asks for 10 countries’ cooperation in creating his proposed oil-backed cryptocurrency, the Petro.
Petro, the oil-backed cryptocurrency planned by Venezuela’s president, is “a new act of fraud”, according to a member of the country’s parliament.
While announcing Petro coin presale, Venezuela has dramatically U-turned on its cryptocurrency mining policy, announcing it is now “perfectly legal”.
Venezuela launched Petro pre-sale. What is the economic nature and implications of the world’s first government-issued cryptocurrency?