Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised $735 Million – Bitcoin News

Venezuela Says Pre-Sale of Oil-Backed Petro Cryptocurrency Has Raised 5 Million – Bitcoin News Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.The…

An oil-backed cryptocurrency? Introducing Venezuela’s ‘Petro’ » Brave New Coin

An oil-backed cryptocurrency? Introducing Venezuela’s ‘Petro’ » Brave New Coin On December 3, 2017, Venezuelan president Nicolas Maduro announced plans to create a national cryptocurrency called the ‘Petro’ that will be backed by the country’s natural resources, most notably its……