Auto Added by WPeMatico
Venezuela is calling for its citizens to build cryptocurrency mining farms throughout the country. The government has set up a crypto mining program which president Nicolas Maduro hopes will attract at least 1 million people such as university students, the unemployed, single mothers and the homeless. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With […]
The post Venezuela Recruiting Citizens to Mine Cryptocurrencies appeared first on Bitcoin News.
Powered by WPeMatico
The Venezuelan government has made some new claims about the pre-sale of the country’s oil-backed cryptocurrency, the petro. After one week, President Nicolas Maduro said that the petro had raised $3 billion from 171,015 certified purchases, from investors in 127 countries. The majority of the orders were in dollars, followed by bitcoin and ether, according […]
The post Venezuela Claims Petro Cryptocurrency Has Raised $3bn from Investors in 127 Countries appeared first on Bitcoin News.
Powered by WPeMatico
Venezuela has announced that the pre-sale of its oil-backed cryptocurrency, the petro, has attracted $735 million on the first day. The government has also published a buyer’s manual and confirmed that buyers can use “hard currencies and cryptocurrencies, but not bolivars.” Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten Petro Pre-Sale Starts The private […]
The post Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million appeared first on Bitcoin News.
Powered by WPeMatico
The Venezuelan parliament has declared the oil-backed cryptocurrency created by President Nicolas Maduro illegal and in violation of the country’s Constitution. Maduro’s decree to create the national cryptocurrency, the petro, has been declared null and void. Also read: South Korea Urges 23 Countries, EU, and IMF to Collaborate on Curbing Crypto Trading Venezuelan Parliament Declared […]
The post Venezuela’s Oil-Backed Cryptocurrency Declared Illegal appeared first on Bitcoin News.
Powered by WPeMatico
The first issue of Venezuela’s national cryptocurrency has been ordered by President Nicolás Maduro. He has also called for the first national meeting of the petro’s miners where he will release the whitepaper for the new currency. Also read: Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency 100 Million Petros Incoming On Friday Venezuela’s […]
The post Maduro Orders the Issue of 100M Petros, Venezuela’s Oil-Backed Cryptocurrency appeared first on Bitcoin News.
Powered by WPeMatico
Venezuela is looking for miners for the country’s national cryptocurrency, the Petro. The government has opened up a registry for miners to sign up to mine and gain access to the new currency. According to Venezuela’s president Nicolás Maduro, 860,811 young people have already registered to create the Petro mining farms. Also read: Venezuela Unveils Mining, […]
The post Venezuela Seeks Miners for the Petro – Maduro Claims 860,811 Already Signed Up appeared first on Bitcoin News.
Powered by WPeMatico
The Venezuelan government has published a decree outlining the operation of Venezuela’s national cryptocurrency, the Petro. It details the government’s plans for the new currency, including its issuance, mining, and trading. In addition, the Petro will be backed by 5 billion barrels of crude oil. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, […]
The post Venezuela Unveils Mining, Trading, and Launch Details of National Cryptocurrency appeared first on Bitcoin News.
Powered by WPeMatico
Venezuela’s president Nicolas Maduro has advanced the creation of the country’s national cryptocurrency, the Petro. He believes it will take off and solve the country’s economic problems next year, but experts are concerned with corruption. Moody’s credit rating agency, for example, says market participants would have no confidence in Maduro’s government to manage it. Also […]
The post Venezuela’s National Cryptocurrency Advances But Experts Warn of Corruption appeared first on Bitcoin News.
Powered by WPeMatico