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Tag Archives: Venezuelan

Venezuelan Crypto Enthusiast Buys 102 Kilos of Food from NANO Donations amid Hyperinflation

A Venezuelan crypto enthusiast has recently bought over 100 kg of food for his family and community thanks to the cryptocurrency community, after he received dozens of NANO donations from Reddit users. According to a thread started little over a week ago, Reddit user Windows7733 revealed a 0.5 NANO (~$1.32) donation he received was nearly worth one month’s salary in ...

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Nano Community Rushes To The Aid Of Venezuelan User Amidst 40,000% Inflation

Venezuela’s economy has been breaking down for months, if not years, with its currency inflating unsustainably. This has lead users to seek ways other than the Venezuelan Bolivar to transfer value, with cryptocurrencies, like Nano, quickly becoming an alternative currency. Users Donate $600 In Nano To Life-Changing Results On Sunday, a Venezuelan Reddit user with the username ‘Windows7733’ made a ...

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India Won’t Pay for Venezuelan Oil With ‘Petro’ Cryptocurrency

Get exclusive analysis and cryptocurrency insights on Hacked.com for just $39 per month. Despite being offered a reported 30% discount in crude oil imports from Venezuela for payment in petro, India has no plans to use the South American nation’s cryptocurrency after being hindered by its central bank crypto curbs. Indian foreign minister Sushma Swaraj was addressed reporters during a ...

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Venezuelan President Announces Petro-Fuelled Crypto Bank For Youth Initiatives

Venezuelan president Nicolás Maduro announced the launch of a Petro-funded crypto bank to support initiatives from youth and students, Latin American government-sponsored news outlet TeleSur reported yesterday, May 3. During а speech for the Chamba Juvenil Plan, a social program that promotes jobs for youth, Maduro also noted the necessity of universities maintaining their own crypto mining farms to support ...

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India To Get 30% Discount On Venezuelan Crude Oil If Paid For In Petro, Says Local Source

Venezuela will give India a 30 percent discount on crude oil, but only if India uses the state-issued Petro coin, according to an article published yesterday, April 29, from local Indian news outlet Business Standard. News about the discount comes from crypto exchange Coinsecure CEO Mohit Kalra, who told Business Standard that the offer had been put forward by a ...

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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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