In a surprising turn of events, Tron founder Justin Sun has announced that the highly anticipated fight between Elon Musk and Venezuela’s President, Nicolás Maduro, could take place at the Grenada National Stadium. Sun, who was appointed as Grenada’s Ambassador and Permanent Representative to the World Trade Organization in 2021, has offered to cover all…
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The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its…
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The Venezuelan army turns to crypto mining as the country’s economy collapses. The regime of Nicolás Maduro continues to lean on crypto to keep economically solvent. Via Instagram, an engineering brigade of the Venezuelan army inaugurated the new “Digital Assets Production Center of the Bolivarian Army of Venezuela.” As the video shows, the center houses…
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Crypto garnered another mention in one of Maduro’s bombastic speeches. The President of Venezuela Nicolas Maduro says that the country’s government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions. On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions. …
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As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors. Nicolas Maduro, a former bus driver and Venezuela’s sitting president, has announced a campaign to support his country’s medical staff amid the coronavirus pandemic by airdropping one Petro to each doctor. The ‘Doctors of the Homeland’ initiative will see each…
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Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency. Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage. “Maduro and his co-defendants are not alleged to have been involved with crypto, directly,”…
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The indefinite suspension of Venezuela’s national banking system is driving further adoption of cryptocurrencies. Peer-to-peer Bitcoin (BTC) trading has surged in Venezuela after shutting banks amid a nationwide quarantine to fight the spread of coronavirus. On March 17, Venezuelan President Nicolas Maduro brought a country-wide quarantine to slow the spread of COVID-19. With only 33…
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Nicolas Maduro, president of Venezuela, announced on Friday the opening of a new crypto-run casino in a battered country where betting halls have all but gone extinct. Nicolas Maduro, president of Venezuela, announced on Friday the opening of a new crypto-run casino in a battered country where betting halls have all but gone extinct. A…
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The president of Venezuela, Nicolas Maduro, has announced that the state-owned PDVSA oil firm will sell 4.5 million barrels of oil for Petros. Venezuela will soon sell oil from reserves of a state-run oil and gas company for its national oil-pegged cryptocurrency, the Petro (PTR). Venezuelan President Nicolas Maduro has signed a decree to sell…
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Nicolas Maduro said that national oil inventories are ready for immediate commercialization to serve as backing for the Petro. Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in the country’s storage tanks and are…
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