Turks shift to cryptocurrencies to escape devaluing Lira
As the Turkish Lira continues its descent against other currencies, more and more people in Turkey are seeking out cryptocurrencies as a safe haven.
Latest Venezuela News
Venezuela assembly wants a central bank for cryptocurrency
Not content with just developing its own cryptocurrency, Venezuela is now taking it a notch higher with a proposal to create a central bank for cryptocurrency as part of its efforts to link the Petro token to its new bolivar currency, according to a Reuters report.
Venezuela creates a new national currency affixed on the Petro
The Venezuelan president Nicolas Maduro is planning to introduce a new currency barely two months after his re-election. Maduro’s new currency will have five zeros less than the existing currency.
Iran may turn to cryptocurrency to avoid US sanctions: report
Like Venezuela, Iran is also considering adopting cryptocurrencies to combat the upcoming U.S. sanctions, according to reports.
Venezuela, how’s the Petro?
It has been over four months since the wildly hyped (and ridiculed) Petro ICO. And the token has been suffering one rejection after another.
India turns down Venezuela’s cryptocurrency deal
The government of India has rejected the state-backed Petro cryptocurrency despite Venezuelan President Nicolas Maduro’s offer of a 30% discount if India uses Petro to pay for its crude oil purchases.
3 cryptocurrency exchanges fall in Venezuela’s ‘Operation Paper Hands’
The government of Venezuela has shut down three cryptocurrency exchanges as part of its “Operation Paper Hands,” while 16 others have been certified to facilitate Petro transactions in the international market.
Venezuela assembly green lights decree on cryptocurrencies
The Venezuelan parliament has enacted sweeping reforms that made the use of the country's oil-backed cryptocurrency, Petro, legal tender—at least in Venezuela.
Russia eyes Venezuela’s Petro token for ‘international transactions’
Venezuela’s much vaunted cryptocurrency, Petro, has (finally) found a supporter—Russia.
Bitfinex passes up on listing Venezuela’s Petro token
One of the world's largest cryptocurrency exchanges, Bitfinex, has refused to list the first cryptocurrency backed by Venezuela's crude oil reserves, Petro, in its platform.
US to start adding cryptocurrency addresses to SDN List
The U.S. Treasury announced that the Office of Foreign Assets Control (OFAC) will begin adding cryptocurrency addresses to the Specially Designated Nationals (SDN) List.
Venezuela got help from Russia in launching petro: report
Russian billionaires reportedly advised Venezuelan President Nicolas Maduro in his efforts to create petro, the first state-backed cryptocurrency in the market.