Church’s Chicken Accepts Crypto Payments after KFC Denies Rumors in Venezuela

Church’s Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept...

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Church’s Chicken, an international fast-food franchise known its hand-battered fried chicken, has reportedly partnered with Dash Venezuela to become the first fast-food franchise to accept cryptocurrencies throughout its locations in Venezuela. According to a press release, a strategic alliance between Dash Venezuela and Church’s Chicken Venezuela will see 13 establishments start accepting the privacy-centric cryptocurrency as payment,...

Venezuela to Create Petro-Pegged Fiat Currency Next Month

According to President Nicolas Maduro, Venezuela, battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to...

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According to President Nicolas Maduro, Venezuela, battling one of the deepest economic recessions on record, is set to launch a new fiat currency pegged to ‘petro’ cryptocurrency that is, in its turn, pegged to oil next month. The local news outlet Telesur reported, that the new fiat currency, called the Bolivar Soberano (Sovereign Bolivar), is considered...

Venezuela’s Oil-Backed Crypto Petro Grows Thanks to a Little-Known Russian Bank

Venezuela’s oil-backed cryptocurrency, the Petro (PTR), has been surviving thanks to a little-known Russian bank, Evrofinance Mosnarbank, which has recently emerged as the only international...

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Venezuela’s oil-backed cryptocurrency, the Petro (PTR), has been surviving thanks to a little-known Russian bank, Evrofinance Mosnarbank, which has recently emerged as the only international financial institution willing to defy the US’ sanctions against the South American nation. According to an Associated Press report, early would-be Petro investors who registered with Venezuela’s government and downloaded the cryptocurrency’s...

Venezuela and Palestine intend to use cryptocurrency in the calculations

Venezuela and Palestine intend in mutual settlements to use cryptocurrency Venezuelan Petro, said Monday Venezuelan President Nicolas Maduro. «I offered to Palestine in the framework...

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Venezuela and Palestine intend in mutual settlements to use cryptocurrency Venezuelan Petro, said Monday Venezuelan President Nicolas Maduro. «I offered to Palestine in the framework of agreements with Venezuela carried out their investments in our cryptocurrency «Petro», and created a joint Fund for technological development of our peoples («Petro»)», — quotes the press-service of Maduro...

Venezuela Touts Petro To India, Coinsecure With 30% Oil Discount Promises

Venezuela is leveraging its oil wealth to shoehorn president Nicolas Maduro’s Petro cryptocurrency into foreign markets. COINSECURE GOES FOR PETRO? The practice came to light...

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Venezuela is leveraging its oil wealth to shoehorn president Nicolas Maduro’s Petro cryptocurrency into foreign markets. COINSECURE GOES FOR PETRO? The practice came to light following local media in India reporting Caracas had offered a 30% discount on its crude oil imports if the government paid in Petro. At the same time, a delegation visited...

Venezuela Shuts Down Two Cryptocurrency Exchanges

The Venezuelan government’s “Operation Paper Hands” began a new phase this week “with the dismantling of 3 illegal remittance houses: Intercash, Rapidcambio, and Airtm,” according...

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The Venezuelan government’s “Operation Paper Hands” began a new phase this week “with the dismantling of 3 illegal remittance houses: Intercash, Rapidcambio, and Airtm,” according to the country’s Prosecutor General, Tarek William Saab. He described: Operation Paper Hands is the largest anti-litigation procedure in the country’s history. So far 112 people have been arrested, of...

Venezuelan Cryptocurrency Petro Receives the Satoshi Nakamoto Prize in Russia

Despite all the doubts and controversies surrounding the project, El Petro, the Venezuelan cryptocurrency, has recently received the Satoshi Nakamoto Prize from the Russian Cryptocurrency...

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Despite all the doubts and controversies surrounding the project, El Petro, the Venezuelan cryptocurrency, has recently received the Satoshi Nakamoto Prize from the Russian Cryptocurrency and Blockchain Association (RACIB) for its ‘outstanding contribution to the development of the blockchain industry’, according to the official community. The awards ceremony was held in Russia and was attended...

Venezuela Approves Decree on the Use of Cryptocurrencies

Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro illegal....

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Venezuela’s National Constituent Assembly has approved the decree on the use of cryptocurrencies and the country’s new “oil-backed” currency, after repeatedly declaring the Petro illegal. The new currency began its initial coin offering last month as the Venezuelan president continues to strongly push its use. Decree on Cryptocurrencies Approved The Venezuelan National Constituent Assembly (ANC)...

Free Publicity: Venezuela Thanks Trump’s Petro Ban for Doubling Investors

The executive secretary of Venezuela’s Blockchain Observatory, Daniel Peña, recently did an interview for the country’s Cuatro F newspaper, in which he claims Donald Trump’s Petro (PTR)...

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The executive secretary of Venezuela’s Blockchain Observatory, Daniel Peña, recently did an interview for the country’s Cuatro F newspaper, in which he claims Donald Trump’s Petro (PTR) ban was free publicity for the oil-backed cryptocurrency. So much so, it allegedly helped double the number of interested investors. As covered by CCN, US President Donald Trump issued an executive...

Venezuela about to pre-sell ‘petro’ cryptocurrency, and other countries could follow

Venezuela will launch a pre-sale of its commodity-backed “petro” cryptocurrency on Tuesday. President Nicolas Maduro hopes the country’s own digital currency will help it to make financial transactions...

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Venezuela will launch a pre-sale of its commodity-backed “petro” cryptocurrency on Tuesday. President Nicolas Maduro hopes the country’s own digital currency will help it to make financial transactions and get around Western sanctions. Both the United States and the European Union have imposed economic sanctions on Venezuela over their opposition to its autocratic government. Last year, the Economist Intelligence Unit’s Democracy Index...