Cryptocurrency Analysis and News Portal
The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency
Read More
The Venezuelan court agreed to take a look at CipherBlade’s report. Based on the investigation’s findings, in January 2021, over a month after the developer duo were detained, the court granted Mendoza and Diaz conditional freedom. In August 2021, the court officially dismissed all charges against them, according to an
Read More
The Venezuelan government announced on June 11 that almost 15% of all fuel payments at petrol stations across the country were made using the Petro (PTR). This rise comes during the first week of the new state-backed plan to promote widespread use of the token.According to a report from Ultimas
Read More
[sociallocker id="55298"] Venezuela has announced that petrol stations across the nation will sell gasoline at a reduced price in exchange for the country’s state-issued, oil-backed cryptocurrency, the Petro.However, the announcement comes alongside the removal of local petrol subsidies that will see the price of gasoline spiking from close to nothing
Read More
On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10.However, observers have since identified that the official Petro block explorer now lists May 5, 2020, as the date that its genesis block was mined. Other block explorers record Oct.13, 2018,
Read More
Venezuelan President Nicolas Maduro announced a Christmas gift for his countrymen. All Venezuelans, including public sector workers, retirees and military personnel are set to receive half of el Petro cryptocurrency as a present from the government.However, in order to be eligible for the gift, citizens will have to register themselves
Read More
Venezuelan President Nicolás Maduro announced that this week the government will pay half a Petro to Venezuelan retirees and public workers as Christmas bonus.With a total of 4,500,000 retirees and 3,500,000 public workers, Maduro said in a speech on Dec. 15 that he expects to deliver half a Petro
Read More
To be eligible, citizens will first have to sign up to PetroApp, the official government crypto wallet that launched back in May. The only platform that supports the oil-backed cryptocurrency, PetroApp is designed to allow users to purchase goods and services from their phones, as well as for standard transfers. Source
Read More
President of Venezuela Nicolas Maduro released a statement related the reserves of the Petro, the state backed cryptocurrency of Venezuela. Maduro’s government has been pushing for an increased use of Petro by the Venezuelan citizens.On Wednesday, President Maduro said that some 30 million oil barrels in the country’s storage tanks
Read More
This year, the Venezuelan government will be awarding Christmas bonuses to employees across the country in cryptocurrency, local news outlet Venepress reports. Previously, in 2018, the Venezuelan government converted retiree’s bonuses awarded on a monthly basis into Petro automatically.Petro has been criticized by experts across the globe since February of
Read More