Tag: Cryptocurrency

• Wednesday, August 22nd 2018 - 09:00 UTC

  Venezuelan businesses shut down shops to protest last monetary measures

  

  Venezuela's streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by populist president Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest. Venezuela on Monday cut five zeros from prices and pegged the country’s currency to an obscure state-backed cryptocurrency, as part of a broad set of measures meant to address hyperinflation and an economic crisis.

• Sunday, February 25th 2018 - 13:48 UTC

  Why The Next Oil Boom Will Be Fueled By Blockchain

  

  Big Oil is due for a disruption.

• Monday, February 19th 2018 - 09:14 UTC

  Venezuela launches its “Petro” crypto-currency, backed with oil, on Tuesday

  

  Venezuela’s “Petro” crypto-currency will attract investments from Turkey, Qatar, the U.S., and Europe, the country’s crypto-currency regulator, Carlos Vargas, told reporters. The Petro will be offered for sale this Tuesday, February 20th, and comes as Venezuela is suffering from quadruple-digit inflation and chronic shortages of food and medicine.

• Wednesday, January 10th 2018 - 09:25 UTC

  Petro: The cryptocurrency that is not cryptocurrency

  

  According to the journalist specialized in technology Edgar Rincon, the solution devised by the Venezuelan government to evade the “strong and cruel sanctions of the international community to Venezuela”, the Petro, is not a cryptocurrency because “within the guidelines of the cryptocurrency guide does not fit. ”