Neowin News Feed for: Petro

Cuba is considering the use of cryptocurrency to bypass US sanctions

Stergios Georgopoulos — Wed, 03 Jul 2019 19:20:01 +0000

Following a similar move from its ally Venezuela, the Cuban government is exploring the use of cryptocurrency to sidestep harsh US sanctions that have taken a heavy toll on its economy. Read more...

Iran is setting the stage for a new cryptocurrency

Paul Hill — Thu, 22 Feb 2018 19:04:01 +0000

The Iranian government could roll out its own cryptocurrency in the future, after recent statements were issued by the country's ICT minister. Iran looks to be following in the steps of Venezuela. Read more...

Venezuela's Petro cryptocurrency pre-sale starts tomorrow

Richard Tyr Blewitt — Mon, 19 Feb 2018 14:10:01 +0000

The Venezuelan state-sponsored cryptocurrency, the Petro, will be offered in a pre-sale to investors tomorrow. The Petro is an attempt for the country to try and deal with various economic woes. Read more...

5.342 billion barrels of oil will back the Petro cryptocurrency

Richard Tyr Blewitt — Fri, 29 Dec 2017 10:08:01 +0000

The Venezuelan government has announced that its new cryptocurrency, the Petro, will be launching in the next few days. The government has dedicated the Ayacucho oil reserve to back the Petro. Read more...

Venezuela's Maduro announces ‘Petro' cryptocurrency

Paul Hill — Mon, 04 Dec 2017 05:48:01 +0000

Citing a need to fight against a US-imposed financial blockade, Venezuela's president has declared that the country will launch its own cryptocurrency backed by the country's natural resources. Read more...