Despite all doubts and disputes relating to the project El Petro, Venezuelan cryptocurrency recently received the award Satoshi Nakamoto for “outstanding contribution to the development of the blockchains”. The merits of a national cryptocurrency of Venezuela has not gone unnoticed for the Russian Association of cryptocurrency and blockchain ( RAKIB ), which was awarded this… More
Journalists, and the cryptocurrency community as a whole, has repeatedly questioned the sales of the national cryptocurrency of Venezuela, who enthusiastically voiced by the President of the country. According to expert estimates, this figure may not exceed 2.3 billion dollars, and Maduro stated about 5 billion Possible lie the President of Venezuela had no impact… More
One of the largest cryptocurrency exchanges, Bitfinex stated that the platform does not support token Petro (PTR) issued by the government of Venezuela in February of this year. In his blog post of March 27, the exchange, which is on the 4th place on the daily trading volume, explained his decision by the fact that… More
Last month, Venezuela became the first country that issued its own cryptocurrency Petro, which is supposedly supported by the oil reserves in the country. Now Petro can be purchased for any service, other than the dollar. In his address on national TV last Thursday, Venezuelan President Nicolas Maduro said: “Starting March 23, all legal and… More
The Russian government denied any involvement in the creation of the Venezuelan Petro cryptocurrency. Deputy Director of the Department of information and press of MFA of Russia Artem Kozhin called the article in Time Magazine (translated article) about the participation of Russian government in launching the Venezuelan Petro cryptocurrency is a fake. The official said… More
Russian government officials and businessmen helped the Venezuelan government to launch the world’s first cryptocurrency supported by the state, said the publication TIME on Tuesday, March 20. Citing anonymous officials dedicated to this cause, the report says that billionaire Denis Buddies and Fedor Bogorodskiy contributed to Venezuelan President Nicolas Maduro in his efforts to build… More
A senior politician from the ruling party of Venezuela condemned the sanctions imposed by the US government against the recently released national cryptocurrency, Petro. The President of the United States Donald trump signed on Monday an order prohibiting American citizens and residents to buy or make transactions in a digital currency issued by Venezuela. Diosdado… More
Donald trump has signed a decree on new sanctions against Venezuela against cryptocurrency Petro. The information that the US President is preparing to sign an order imposing additional sanctions on the South American country for trying to circumvent the existing economic restrictions has already appeared earlier. Today, Monday, it became known that trump signed a… More
Analysts of the Brookings research Institute claim that the Venezuelan Petro cryptocurrency (PTR), backed by oil is likely to damage the cryptocurrency than help Venezuelans to avoid the crisis that is currently experiencing the country. Following in the footsteps of Venezuela and other countries are also seeking to issue their own national cryptocurrency. For example,… More
One of the two legislative bodies of Venezuela ruled that the recently released national cryptocurrencies is unlawful under existing law. The national Assembly of Venezuela, most of whose members largely disagree with the President, Nicolas Maduro, issued a statement that cryptocurrency Petro is illegal, and the fact of its release is contrary to the Constitution…. More