petro
Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners
Since the launch of Petro, Venezuela's cryptocurrency in February 2018, the government has been trying to expand its use case across almost every activity in the country. To this effect, a tweet from a local news outlet, Venepress, claimed that Venezuela Government would give its Christmas bonus to retirees and pensioners in its cryptocurrency, Petro.
US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency
US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.
Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption
Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic.
Venezuela Wants Citizens to Pay Taxes in State-Issued Petro Cryptocurrency
Venezuela is moving on a mandate that could see taxes being collected using its state-issued cryptocurrency—the oil-backed Petro. The effort is part of a nation-wide campaign to create mainstream use cases for Venezuela’s cryptocurrency.
Venezuelan President Maduro Leveraged Cryptocurrency to Conceal Drug Ring Transactions According to US DOJ
Venezuelan President Maduro and 14 other high-ranking Venezuelan officials have been charged for their alleged involvement in a multibillion-dollar cocaine trafficking ring that the the DOJ claimed wreaked havoc on American communities by flooding the markets with cocaine for over 20 years. According to Homeland Security Investigations (HSI), the Venezuelan officials had leveraged cryptocurrency in an attempt to mask their money trail on their alleged crimes
Petrobras Leverages NVIDIA Grace CPU for Enhanced Reservoir Simulation
Petrobras achieves significant improvements in reservoir simulation using NVIDIA Grace CPU, with up to 4.5x faster solutions and 4.3x better energy efficiency.
Maduro: Venezuela to Activate Crypto Payment Method ‘Soon’
Taking a page from North Korea, Venezuela is looking to skirt U.S. sanctions by using crypto. According to Bloomberg, Venezuelan President Nicolas Maduro announced a crypto payment method that they will activate “very soon.”
Venezuela's Petro Cryptocurrency to Cease Operations
Venezuela ends its Petro cryptocurrency, a failed oil-backed digital currency initiative aimed at evading U.S. sanctions. Launched in 2018, it struggled for adoption due to legal issues, limited functionality, and lack of international interest.
Bitcoin Educator Andreas Antonopolous Believes Oil Price Crash Gives US Bitcoin Miners an Advantage
Following the oil market crash in April, electricity prices have continued to fall globally. Bitcoin educator Andreas Antonopoulos believes that despite the disruption to industries, the oil market downturn could give US cryptocurrency miners an advantage.
Lebanon Considers a Central Bank Digital Currency for 2021
The Governor of The Central Bank of Lebanon Riad Salameh has revealed the possibility of the bank launching a digital currency by 2021.
China’s Petrochemical Sector Conducts First Blockchain-Powered Warehouse Receipt Finance
China’s petrochemical industry has accomplished the first-ever blockchain-enabled digital warehouse receipt pledge financing transaction to minimize costs.
Chainalysis: Venezuela’s State-Owned Crypto Exchange Possibly Used by Maduro Regime to Launder Funds
Blockchain analysis company Chainalysis wanted to find out whether the claims of whether Petro aiding Venezuelans are true.
Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation
Bitcoin's trading volume has set a record high in Venezuela, thanks to the 10,000,000% inflation rate in 2019.
North Korea Is Making Its Own Version of Bitcoin
The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports.
Why Did John McAfee Abandon His Ghost Privacy Coin Project?
Crypto advocate and technology pioneer John McAfee recently announced on Twitter that he has abandoned his Ghost privacy coin project.
Venezuelans to Bypass Hyperinflation with Bitcoin-Backed Synthetic US Dollars After Years of Extreme Economic Crisis
A cross-border remittance startup based in Colombia, Valiu has released a new Bitcoin-backed US dollars for Venezuelans to bypass the hyperinflation that has been tormenting their national economy.
KPMG Partners with Coin Metrics to Boost Institutional Crypto Adoption
KPMG has teamed up with Coin Metrics to enhance institutional adoption of blockchain and cryptoassets offering proprietary analytics, trusted data & insights.
Reasons Behind the Success of the Binance Coin
Since the beginning of 2019, Binance Coin (BNB) has been at the top of the list of popular cryptocurrencies, increasing in price by more than 200% in three months. This year, the token exceeded the performance of bitcoins (38.9%), Ethereum (30.7%), Litecoin (187.8%) and almost all other cryptocurrencies.
Stablecoin
What is stablecoin? In terms of what we measure the "stability". Understand stablecoin in different features. Central Bank Digital Currency (CBDC)