Venezuela

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Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million

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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 … Read more

Venezuela Found Foreign Investors for Petro Cryptocurrency Pre-Sale Starting This Month

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Venezuela says it has found a number of foreign investors for the pre-sale of its “oil-backed” national cryptocurrency, the petro. Starting this month, Venezuela is expected to pay companies from Brazil, Poland, Dinamarca, Honduras, Norway, Vietnam, and other nations for food and medicine imports with the petro. Also read: Japan’s DMM Bitcoin Exchange Opens for Business … Read more

Venezuela Invites OPEC Countries to Jointly Develop Oil-Backed Crypto Platform

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Venezuela’s president Nicolas Maduro has invited all OPEC nations to jointly develop a platform for the trading of oil-backed cryptocurrencies. Venezuela is preparing for a pre-sale of the petro, its oil-backed cryptocurrency which can be used to pay national taxes, fees, and public services. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies … Read more

Bitcoin.com’s This Week in Bitcoin Podcast is Mandatory Listening

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Veteran podcaster Matt Aaron lends his curation and vocal talent to a smooth few minutes each week in summation of the Bitcoin world’s most important news, This Week in Bitcoin (TWiB). Every Friday, listeners get breakdowns and commentary in bite-size format, leaving them informed and with plenty of time to go about their day. Also … Read more