MIT Technology Review: Blockchain to Become Mundane in 2019
January 3rd, 2019

MIT Technology Review published an article, providing an overview of the recent history of blockchain and explaining why it will start to become mundane in 2019. 

Venezuela Sidesteps USD to Use Petro Token for Oil Sales Starting from 2019
December 10th, 2018

In 2019, Venezuela will start selling oil in exchange for Petros and bypass US-imposed sanctions.

Maduro Further Takes All the Imaginable Steps to Push the Adoption of His Petro Token
November 12th, 2018

A new initiative of Venezuela aimed at boosting Petro adoption presupposes making it the main digital currency backed by oil.

Venezuela Makes Its Mandatory to Pay for Passport Using the Petro Cryptocurrency
October 9th, 2018

Effective from November 1, the cost of issuing new passports is 2 Petros while that for the extension will be 1 Petro, said Venezuelan vice president Delcy Rodriguez

Venezuela’s Petro: Public Sale to Commence on November 5, New Details Brought to the Surface
October 5th, 2018

Venezuelan president Nicolas Maduro officially announced the public sale of the controversial national cryptocurrency Petro, which is set on November 5.

Latest Report Questions the Existence of Venezuela’s Petro, Things Look a Lot Fishy
September 3rd, 2018

Report suggests that there is no circulation of Petro inside or outside of Venezuela and all the hype relating to it is just a big bubble that can burst anytime.

Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto
August 29th, 2018

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports.

Venezuela’s Central Bank Launches App to Help Convert Old Bolivar into Petro-Pegged One
August 27th, 2018

The new app launched by Venezuela’s central bank will convert the old fiat currency Bolivar to new Petro pegged Bolivar Soberano by takes five zeros away from the Bolivar.

Venezuela’s Bolivar Undergoes Devaluation, Gets Pegged to ‘Petro’
August 21st, 2018

As per the new guidelines from President Maduro, Bolivar has been devalued by 96%. While as inflation reach record-high, Venezuelan citizens express concerns and shift towards adopting digital assets.

Venezuela is Set to Use its Controversial Petro Cryptocurrency as an Official Accounting Unit
August 15th, 2018

Petro cryptocurrency is to receive an official status of the Venezuelan second official currency, which is believed to be a tool for overcoming economic difficulties.