Petro

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

US Sanctions Moscow-Based Bank Evrofinance Over Involvement With PetroThe U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The […]

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US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

The U.S. Treasury has sanctioned Moscow-based bank Evrofinance based on its alleged financing of Venezuela’s controversial oil-backed crypto, Petro

Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

Maduro's Petro Becomes More Accessible, but Scrutinized by VenezuelansFor a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who […]

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Iran: Still Waiting for the Blockchain Revolution

The birth of a national Iranian digital currency has been postponed. However, blockchain remains a hot topic in the Islamic Republic of Iran, intertwined with international sanctions and the clash between conservatives and moderates

Venezuela Imposes Fees and Limits on Local Crypto Remittances

Venezuelan government sets monthly limit on crypto remittances within the country, introduces fees of up to 15 percent

Venezuela on Fire: How Maduro’s Petro Plan Failed to Bail Out the Country

As Venezuela enters a crucial part of its political crisis, we decided to trace the fate of Petro — the national cryptocurrency that seemingly failed to save country’s economy

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Bank's Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for BitcoinVenezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case […]

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Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

Tidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the […]

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Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

Venezuela President Raises Petro's Value Again in Move to Create 'New System'For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.  Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It ‘A New Monetary System’ […]

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