Latest Venezuela News

Venezuela, how’s the Petro?
Editorial 27 June 2018

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
Business 1 June 2018

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.

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