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Tag Archives: Venezuelan

Venezuelan Crypto Petro Receives the Satoshi Nakamoto Prize in Russia

Join our community of 10 000 traders on Hacked.com for just $39 per month. Despite all the doubts and controversies surrounding the project, El Petro, the Venezuelan cryptocurrency, has recently received the Satoshi Nakamoto Prize from the Russian Cryptocurrency and Blockchain Association (RACIB) for its ‘outstanding contribution to the development of the blockchain industry’, according to the official community. The ...

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Venezuelan NGO Helps Feed Children with Dash

The Venezuelan NGO, Fundación Sin Tabú, collected Dash donations and used those donations to feed deprived Venezuelan children not in school located in the Libertador municipality of the country’s capital, Caracas. The non-profit will open a soup-kitchen in the preschool spaces of the Don Bosco school and will serve “at least one meal with the quality and nutrients that children need” ...

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What Does Trump’s Ban On Venezuelan Cryptocurrency Pet… | News

US President Donald Trump issued an order on March 19 to effectively disallow American investors from participating in the initial coin offering (ICO) of the Venezuelan Petro, a cryptocurrency supposedly backed by the country’s oil reserves. Caracas Capital managing director Russ Dallen told Bloomberg that the prohibition of investment in the Venezuelan Petro will lead to the decline in speculation ...

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The US President Issues An Executive Order to Ban the Venezuelan Petro

Donald Trump has issued an executive order to ban all cryptocurrencies issued “by, for, or on behalf” of the Venezuelan government by a “United States person or within the United States”. “All transactions related to, provision of financing for, and other dealings in, by a United States person or within the United States, any digital currency, digital coin, or digital ...

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Inspired By Venezuelan Petro, Cambodia May Issue A Nat… | News

Following last month’s launch of the Venezuelan government-backed Petro coin, Cambodia is considering launching its own crypto project named Entapay, a press release for the Association of Southeast Asian Nations (ASEAN) Blockchain Summit reported March 2. The Blockchain Summit, which will be held in Phnom Penh on March 7, describes Entapay as a project based on the “quantum entanglement” of ...

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Venezuelan President Orders Airlines to Accept Petro, Cryptocurrencies for Tickets

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Venezuela’s oil-backed cryptocurrency keeps making headlines, as the country’s cryptocurrency superintendent, Carlos Vargas, recently announced that airlines in Venezuela can now accept the Petro (PTR) and other cryptocurrencies as a payment method. The cryptocurrency superintendent announced the move according to instructions from the country’s president, Nicolás Maduro. ...

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Venezuelan President Claims ‘Petro’ Has Received 171,000 Pre-registrations

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The initial coin offering (ICO) presale for Venezuela’s high-profile ‘Petro’ cryptocurrency has been a resounding success — at least according to state-run media outlets. Venezuela Claims ‘Petro’ Cryptocurrency Has Received 171,000 Intents to Contribute On Monday, Nicolas Maduro announced through the official presidential Twitter account that more ...

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‘These Guys Just Need Money’: What Do Venezuelan Users… | News

When the Petro was unveiled to the world by Venezuela’s President Nicolas Maduro, he led the cheering squad about what a groundbreaking and successful idea it would be. A government-backed, oil-pegged, cryptocurrency that would aid the ailing Venezuelan nation in their time of crisis with a hyper-inflated currency. However, the pomp and promise of the Petro has quickly been dissected ...

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President Maduro Sets Sights on New Cryptocurrency Backed by Venezuelan Gold Reserves – The Merkle

The Venezuelan government is quite keen on creating new cryptocurrencies, by the look of things. Following the success of its initial Petro sale, a plan has been devised to create Petro Gold. This new token will be backed by the country’s precious metal reserves. The Petro Gold Token may Become a Thing It is safe to say Venezuela can only be saved ...

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After Releasing Oil-Backed Petro, Venezuelan President… | News

After the launch of the Venezuelan government-backed cryptocurrency the Petro on Feb. 20, President Nicolas Maduro has already hinted at second government cryptocurrency soon to be released, according to government-sponsored news outlet TelSsur. This time, the government-backed cryptocurrency will be backed not by oil, but by gold. During a Patria Para Todos [Fatherland For All] party event at the National ...

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