November 30, 2020 Venezuelan army starts mining Bitcoin to make ends meet The Venezuelan army turns to crypto mining as the country's economy collapses. The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent.Via…
September 30, 2020 Maduro claims crypto will play role in fighting sanctions against Venezuela Crypto garnered another mention in one of Maduro's bombastic speeches. The president of Venezuela, Nicolas Maduro, says that the country's government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions.On…
September 21, 2020 No, you can’t buy Venezuela’s Petro on any overseas exchanges The Venezuelan government has not yet announced partnerships capable of listing PTR abroad. A New York-based crypto exchange has listed a token with the same name as the Venezuelan state-issued asset, the Petro (PTR).…
August 12, 2020 Venezuela May Soon Be Collecting Taxes in Crypto 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.…
July 8, 2020 Venezuelan military confiscates 315 Bitcoin mining devices The Bolivarian National Guard of Venezuela has announced the confiscation of 315 Bitcoin mining machines, the ASIC miners, from a local miner who was trying to make an inter-city transfer without a license.…
June 12, 2020 Venezuelan Petro Payments May Be on the Rise The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.…
June 2, 2020 ICE puts $5M bounty on Venezuelan Petro mastermind The U.S. Immigration and Customs Enforcement’s (ICE), a unit of the Homeland Security Investigations (HSI) New York has put the Venezuelan Petro Mastermind on America’s Most Wanted list with a $5M bounty for whoever has information that can lead to his arrest.…
June 2, 2020 Venezuelan gov’t mandates Petro crypto as payment option for petrol Venezuela government has mandated the use of Petro crypto, the state-owned digital currency, as a payment option for gasoline across service stations in the country.…
June 2, 2020 US Government Puts Out $5 Million Bounty for Petro Supervisor 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.…
June 2, 2020 Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime.…
May 21, 2020 20,000 stores in Venezuela now accept Bitcoin, other cryptos as means of payment Around 20,000 stores in Venezuela beginning from June would start accepting Bitcoin and other cryptos as means of payment from Venezuelans.…
May 16, 2020 Venezuela Appears to Have Hard Forked The Petro Signs indicate that Venezuela’s state-backed cryptocurrency quietly underwent a hard fork earlier this month. On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10.However,…
