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Poland’s Ministry of Foreign Affairs and Ministry of Finance have both denied claims that the country had expressed interest in trading in the Venezuelan Petro.
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.
Venezuela launched Petro pre-sale. What is the economic nature and implications of the world’s first government-issued cryptocurrency?
After the launch of the ICO for the oil-backed government cryptocurrency, the petro, Nicolas Maduro has announced a second government cryptocurrency backed by g...
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.
Mining a single Bitcoin has its costs, but those costs in terms of electricity vary greatly in different countries.
Government-issued cryptocurrency seems to be a likely answer for countries that are looking to ban or regulate the likes of Bitcoin.
While announcing Petro coin presale, Venezuela has dramatically U-turned on its cryptocurrency mining policy, announcing it is now “perfectly legal”.
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.
Venezuela will issue the first 100M Petros, the national cryptocurrency tied to the value of a barrel of oil.
Bitcoin has hit $20k in record time, prices doubling in a month to produce almost 2,000% annual growth.
Venezuelans continue to turn to Bitcoin for survival, not speculation, as their national currency continues to die.
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