US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies

U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most Wanted List, as he is accused of transgressing against U.S. sanctions and working with […]

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Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare

Maduro Orders Venezuelan Bank Closures Amid Coronavirus ScareIn order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline […]

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Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens

Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible CitizensThe president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0.5 PTR ($30) next week to eligible citizens who register with the […]

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OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela's PetroLast February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and […]

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Venezuela’s Petro Copied Dash, Claims Ethereum Developer

Venezuela’s Petro Copied Dash, Claims Ethereum DeveloperAn Ethereum developer is claiming the state-backed petro (PTR) cryptocurrency, a plaything to Venezuelan President Nicolas Maduro, has taken substantial amounts of its newly published whitepaper from Dash (DASH). Indeed, at least at first glance, it does appear there are close similarities between the altcoin and the world’s first national cryptocurrency.    Also read: Bitcoin Cash […]

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Bitfinex Rejects All Present and Future Venezuelan Cryptocurrencies

Bitfinex Rejects All Present and Future Venezuelan CryptocurrenciesBitfinex has announced that it will not list or transact Venezuela’s new “oil-backed cryptocurrency” or any other tokens that the country may issue in the future, citing U.S. sanctions. Meanwhile, the Venezuelan government has reportedly set the minimum investment amount for the petro initial coin offering.  Also read: South Korea Clarifies Position After Reports of Possible […]

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