Tag: petro

Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project

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It’s unclear how much fresh capital the new spot bitcoin exchange-traded funds (ETF) will attract, but significant funds from other crypto products are expected to pour in, J.P. Morgan said in a Thursday research report. The market reaction to the U.S. Securities and Exchange Commission’s (SEC) reluctant approval of spot bitcoin ETFs has been relatively muted, with the focus now shifting to how much capital these new ETFs will pull in, the report said. “We are skeptical of the optimism shared by many market participants at the moment that a…

Venezuela’s oil-backed cryptocurrency Petro to shut down

The Venezuelan government will reportedly shut down Petro (PTR), its state-issued, oil-backed crypto, which was subject to controversy and did not see mass adoption by citizens in the country.  According to reports, crypto wallets on the Patria website, the trading platform for Venezuela’s Petro, will cease operations on Monday, Jan. 15, with the remaining Petro converted to bolivar, the country’s fiat currency.  Petro’s demise comes nearly six years after its official launch in 2018. Venezuelan President Nicolás Maduro said at the time that the crypto will help to circumvent harsh…

भारत और क्रिप्टोकरेंसी | India and Cryptocurrency- IN NEWS I Drishti IAS

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #DrishtiIas#DailyCurrentAffairs#DrishtiIasInNews =̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵=̵ This video covers the following points of this topic- क्रिप्टोकरेंसी और ब्लॉकचेन तकनीक क्रिप्टोकरेंसी को लेकर भारत का पक्ष क्रिप्टोकरेंसी पर कानून लाभ Dear Viewers, In this particular program, we will present a basic and analytical approach on selected news picked from most important events of the day. We hope that our new program will be helpful for you in the wake of the Prelims exam and Mains as well. Thanks. प्रिय व्यूअर्स, इस कार्यक्रम में हम प्रति दिन चुनी…

O dinheiro na era digital: blockchain, bitcoin e demais criptomoedas

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io O dinheiro na era digital: blockchain, bitcoin e demais criptomoedas Nosso dinheiro esta migrando para a era digital, sendo cada vez mais uma alternativa em relação às moedas e dinheiro de papel. Gostou do vídeo? Então ajude o canal a se manter e crescer!! Faça uma doação de qualquer valor! Pix: edersc@yahoo.com.br PicPay: @eder.sabino.carlos Além da matéria, eu coloquei links importantes na descrição abaixo para te ajudar a passar em um concurso público. Link para a postagem: Links para e-books GRATUITOS e…

Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree – Emerging Markets Bitcoin News

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The new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, something that contradicts statements of the Venezuelan president. Official Gazette Reveals Real Salary Raise for Venezuelans The recent publication of the Oficial Venezuelan Gazette, a magazine where laws and decrees are published when…

Venezuela Increases Minimum Monthly Wage to Half a Petro – Emerging Markets Bitcoin News

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Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of almost 1,800% compared to the previous amount of only seven Venezuelan bolívars (VES). Minimum Wage Increase to Build “Sustainable Recovery” Nicolas Maduro, president of Venezuela, announced the increase of the minimum monthly salary…

Venezuelan Devs Were Jailed for Hacking Exchange Tied to Controversial Petro. Blockchain Data Cleared Them

The Venezuelan court agreed to take a look at CipherBlade’s report. Based on the investigation’s findings, in January 2021, over a month after the developer duo were detained, the court granted Mendoza and Diaz conditional freedom. In August 2021, the court officially dismissed all charges against them, according to an official document obtained by CoinDesk. Source link

Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro

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The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to Its Surging Prices in the Secondary Market, Says Venezuela’s Asonacrip During an interview with the Venezuelan TV channel Globovisión, Jose Ángel Álvarez pointed out that the country’s state-backed cryptocurrency is starting “to gather strength” because they’re witnessing a surge in the secondary market quotes. This is…

No, you can’t buy Venezuela’s Petro on any overseas exchanges

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A New York-based crypto exchange has listed a token with the same name as the Venezuelan state-issued asset, the Petro (PTR). In reality however, the two are entirely unconnected. Exchanges such as BitMart have recently begun listing this similarly named token for trade on their platforms. However, the Venezuelan government has not yet announced any partnerships with exchanges abroad. According to an article published by Cointelegraph Spanish, only seven local crypto exchanges offer PTR for trade in Venezuela. Two government platforms, named Plataforma Patria and PetroApp, additionally allow speculators to…