Venezuela said it had generated US$735 million from the pre-sale of its cryptocurrency backed by crude oil. President Nicolas Maduro saw cryptocurrency sales as a way around Venezuela’s severe cash ...

Venezuela has made history as the first country to launch its very own Initial Coin Offering. The long-hyped Petro cryptocurrency has been the center of controversy and curiosity to many in the crypto ...

Venezuelan President Nicolas Maduro (center) at the presale launch of the petro cryptocurrency in Caracas last Tuesday. Last week Venezuelan President Nicolás Maduro said his country had found “the ...

Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing ...

Venezuela has formally asked the United States to consult on the sanctions it has imposed on the South American country, including sanctions on its state-issued cryptocurrency, el Petro. The request ...

Social media has been abuzz since Tuesday's initial sale of the forthcoming Venezuelan government-backed cryptocurrency, the petro, though reviews are so far mixed. Venezuela’s government first ...

It seems that the government of Venezuela isn’t ready to give up on its state-issued cryptocurrency ambitions. Speaking during a state broadcast last night, President Nicolas Maduro said protectorates ...

Venezuela launched Petro pre-sale. What is the economic nature and implications of the world’s first government-issued cryptocurrency? The views and opinions expressed here are solely those of the ...

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency El Petro at all its branches. According to the tweet, Maduro gave ...

Calling el Petro, “the simplest, easiest, and safest way to send money…(and) the only way to avoid depreciation of income,” Venezuelan politicians are now using their equally controversial national ...