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Venezuela Announces New 'Petro Gold' Cryptocurrency, One Day After Launching the Petro Venezuelan leader Nicolás Maduro has recently announced that within one week, the county is going to launch a new cryptocurrency, the Petro Gold. The cryptocurrency, according to local news source Telesur, will be backed by precious metals. Notably, Maduro's announcement was made Wednesday ...
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Venezuela Says Its Cryptocurrency Raised $735 Million Earlier this week, Venezuelan President Nicolas Maduro claimed that a new state-sponsored cryptocurrency called the petro raised $735 million on the first day of its sale. ArsTechnica dives deep on the matter to suggest that it's all a farce. From the report: The government hasn't provided any way t...
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