BTCManager Logo with clear background. Orange and white font.

BITCOIN PRICE: 6,169.23     HIGH: 6,754.16     LOW: 6,085.59

=
BTCManager.com
advertisement
advertisement
#TRENDING STORIES
Next Event

Crypto Valley Conference on Blockchain Technology • June 20-22, 2018

Click for more details
advertisement

Tag: Venezuela

Volatile Bitcoin More Stable Than Venezuelan Currency, Citizens Embrace Digital Assets After 14,000 percent Consumer Inflation

Category: Altcoins, Bitcoin, News

Volatile Bitcoin More Stable Than Venezuelan Currency, Citizens Embrace Digital Assets After 14,000 percent Consumer Inflation

Several critics have fiercely disregarded the validity of bitcoin as an investment alternative to physical assets. However, citizens of Venezuela may prove them wrong, and provide a significant example of the pioneer cryptocurrency’s function in case of an economic crisis. Think Bitcoin is Volatile? A Quartz report on June 9, 2019, revealed significant insights on bitcoin’s usage in the tattered…

READ MORE

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Category: Altcoins, Business, Finance, News

India Squashes Petro Rumors, Will Not Accept the Digital Currency For Oil Imports

Despite the criticisms that the controversial Petro cryptocurrency has faced both locally and internationally since its launch in February 2018, the coin’s backers have unsuccessfully tried their best to gain relevance and seek a robust use-case. However, most countries have thwarted the idea of using a cryptocurrency for official deals. India Shuns the Petro Amongst them is India, a long-time…

READ MORE

Russian Bank Allows Venezuelan ‘Petro’ Investors To Circumvent U.S. Sanctions

Category: Business, Finance, News, Tech

Russian Bank Allows Venezuelan ‘Petro’ Investors To Circumvent U.S. Sanctions

A small-time Moscow bank that boasts of President Nicolas Maduro as their largest shareholder, along with two Russian companies, is the new ‘it’ thing for investors that aim at investing in Venezuela’s new cryptocurrency ‘petro.’ Getting Around U.S. Laws The Moscow-based bank, called Evrofinance Mosnarbank, has made a name for itself in the international financial market as being the first…

READ MORE

President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

Category: Altcoins, Finance, Mining, News, Regulation

President Nicolas Maduro Set to Create Youth Bank Funded by Petro Cryptocurrency

The Petro flame seems to be burning ever brighter despite the condemnations and criticisms that the Venezuelan national cryptocurrency has faced both locally and internationally since its arrival in February 2018. On May 3, 2018, the nation’s president has revealed that Venezuela is on the verge of establishing a youth bank that will be funded entirely by the oil-backed petro…

READ MORE

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

Category: Altcoins, Finance, News

Venezuela Offers India 30 Percent Discount on Crude Oil if it Uses the Petro

India can gain a 30 percent discount on crude oil purchases from Venezuela only if the payments are made using the state-endorsed digital currency, the Petro, which is backed by the country’s oil and mineral reserves. Coinsecure Thinking of Listing the Petro The Petro is a cryptocurrency which was developed by the government of Venezuela and was launched sometime in…

READ MORE

advertisement

Bitcoin Rush in Venezuela: Transaction Volume Reaches $1 Million per Day Milestone

Category: Bitcoin, News

Bitcoin Rush in Venezuela: Transaction Volume Reaches $1 Million per Day Milestone

On April 17, 2018, the bitcoin transaction volume reached a milestone of $1.006 million recorded in a single day according to the data released by VeneBloc. In what is a record for the crisis-stricken country, the attention of Venezuelans have increasingly turned to digital currencies due to the severely devalued local currency. This is how prices look when the government…

READ MORE

The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

Category: Altcoins, Blockchain, News, Regulation

The Venezuela State-owned Cryptocurrency Receives the Satoshi Nakamoto Prize in Russia

The Venezuela state-owned cryptocurrency, Petro, has been awarded the Satoshi Nakamoto Prize by the Russian Cryptocurrency and Blockchain Association (RACIB). The award ceremony was part of RACIB’s BLOCKCHEINF-2018 international congress. Suspected Russian Involvement RACIB is an advocacy group active in the Russian blockchain and cryptocurrency scene. Petro was one of the 13 other award recipients in different categories encompassing mainstream…

READ MORE

Nicolas Maduro Creating More Use Cases for Venezuela’s Oil-Backed Petro Crypto

Category: Altcoins, Commentary, News, Regulation

Nicolas Maduro Creating More Use Cases for Venezuela’s Oil-Backed Petro Crypto

Venezuela’s supposed national cryptocurrency, the petro, seems to be gaining momentum with each passing day, despite all odds. The nation’s number one citizen, Nicolas Maduro has now hinted that state-owned firms are free to carry out transactions using the digital currency. Encouraging Adoption of the Petro What’s the sense of having a virtual currency if it can’t be used as…

READ MORE

Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

Category: Altcoins, Business, Commentary, News, Regulation, Tech

Venezuela’s Cryptocurrency Fell Short of the Mark, but Who’s Next?

NEM’s blockchain has a surprising new use case after Venezuela’s government announced it would be using it to build its very own oil-backed “petro” token. Promising Concept, Poor Execution Sitting on the most significant crude oil reserve in the world, Venezuela theoretically has ample supplies to back its 100 million PTR tokens with 100 million barrels of oil. The project…

READ MORE

More Trouble For “Petro” As President Trump Bans The Venezuelan Cryptocurrency

Category: Altcoins, Commentary, Finance, News

More Trouble For “Petro” As President Trump Bans The Venezuelan Cryptocurrency

Venezuela’s state-backed cryptocurrency petro has been mired in controversy right from the beginning. Not only did the US Senate took strong objection to it when petro went for a pre-sale, but a section of Venezuela’s own lawmakers have been publicly denouncing it as “illegal.” Executive Order Bars the ‘Petro’ Adding more to the ongoing controversies, the US government has signed…

READ MORE

Join our Telegram Channel!