TagCarlos Vargas

Venezuelan President Claims Petro Pre-Sale Raked in $5 Billion

Nicolas Maduro Venezuela Petro

Venezuelan President Nicolás Maduro claimed the pre-sale of the country’s oil-backed cryptocurrency, the Petro (PTR), has raised $5 billion and recorded over 186,000 certified purchases, according to local news source TeleSUR. The announcement came during a meeting with members of the United Socialist Party of Venezuela (PSUV), in Caracas. During the meeting, Maduro explained that the money...

Venezuelan President Orders Airlines to Accept Petro, Cryptocurrencies for Tickets

Venezuela’s oil-backed cryptocurrency keeps making headlines, as the country’s cryptocurrency superintendent, Carlos Vargas, recently announced that airlines in Venezuela can now accept the Petro (PTR) and other cryptocurrencies as a payment method. The cryptocurrency superintendent announced the move according to instructions from the country’s president, Nicolás Maduro. Via Twitter, he revealed...

Venezuelan President Claims 'Petro' Pre-Sale Netted $735 Million in Its First Day

Venezuela petro nicolas maduro

Venezuelan leader Nicolás Maduro recently said that the country received $735 million through the pre-sale of its Petro (PTR) cryptocurrency, in only one day. The Petro, as previously covered by CCN, is a cryptocurrency that’s set to help Venezuela bypass US sanctions, as the bolivar plunges. Venezuela is notably the first country to launch its own cryptocurrency, and Nicolás Maduro celebrated...

82.4 Million Tokens: Venezuela Officially Launches 'Petro' Cryptocurrency Pre-Sale

oil bitcoin

The Venezuelan government has officially launched the pre-sale of its Petro (PTR) cryptocurrency. The Petro, as previously covered, is an Ethereum-based ERC-20 token that’s supposedly pegged to the country’s notable oil reserves. The cryptocurrency’s token, expected to be worth about $60, will be divisible into 100 million parts, with the smallest one being the “mene.” According to Latin American...

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