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Ryan Taylor/Dash Core Group Venezuela is currently suffering from hyperinflation and the president recently devalued the currency by 95%. Locals are turning to cryptocurrencies as a more stable store of value and means to transact. 200 merchants per month are signing up to accept Dash in Venezuela, according to the Dash Core Group, and the […]
Venezuelan President Nicolas Maduro has announced the plan to tie the national currency’s exchange rate to the state-launched cryptocurrency petro. The country’s new and increase minimum wage will also be anchored to the petro. Maduro said the petro would be valued at $ 60 or 3,600 sovereign bolivars after the redenomination planned for August 20 […]
The pre-sale of the commodity-backed digital currency ‘petro,’ which has been announced by Venezuelan President Nicolas Maduro, is expected to start on Tuesday. The country hopes this will help to replenish its depleted budget. The new cryptocurrency will be limited to 100 million units, called the mene. The petro token will be backed by Venezuelan […]
AIZAR RALDES/AFP/Getty Images Venezuelan President Nicolas Maduro announced the launch of a cryptocurrency called the “petro” backed by oil reserves. Few specifics were given about the currency launch or how the struggling OPEC member would create the crytocurrency. Maduro said the petro will help Venezuela recover financially after the US imposed sanctions. CARACAS (Reuters) – Venezuelan […]
Ukrainian President Petro Poroshenko is on his way to meet with Donald Trump in Washington this week, with plans to pin down Trump’s stance on Russia. On June 19, Poroshenko’s press secretary announced that the Ukrainian president had left Ukraine for a working visit to Washington. Trump and Poroshenko will from June 19-20, a source told Kyivpost.com. […]
