Venezuela’s Petro Cryptocurrency Is a Gift to Future Generations

Leon Markovitz is a serial entrepreneur and marketing professional. Born in Venezuela, he now lives in Israel where he is researching and marketing stablecoin projects. I really got into cryptocurrencies when I heard about Venezuela’s stablecoin attempt, the petro, late last year. The idea that the dictatorship was going to try using blockchain to further […]

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Venezuela Looking to Launch a Central Bank for Cryptocurrencies

Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarrá, which the outlet describes as “one of the […]

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Venezuela’s Bolivar Sees 454% Inflation in Q1 as Maduro Hawks the Petro

Join our community of 10 000 traders on Hacked.com for just $39 per month. Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian government seeks to divert attention from the floundering economy by hawking its “Petro” cryptocurrency. According to Reuters, prices in Venezuela rose by 454 percent during the first […]

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Venezuela’s National Assembly Declares Petro Unconstitutional

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Venezuela’s Assemblea Nacional [National Assembly] recently declared it believes the country’s oil-backed cryptocurrency, the Petro (PTR) is unconstitutional. Through a public statement, the lawmakers denounced the cryptocurrency as a fraud, and a threat to those who invest in it. In the public […]

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Venezuela Rejects “False Information” on Petro Whitepaper

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The Venezuelan government has recently stated that “false information” about its oil-backed Petro cryptocurrency has been published online. According to Reuters, the government is rejecting a leaked, allegedly fake, Petro whitepaper. The superintendence of Venezuelan Cryptoassets and Related Activites, bullishly announced late […]

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