Petro

Venezuela’s Petro Cryptocurrency Ends its Run

KEY TAKEAWAYSVenezuela's national cryptocurrency, Petro, will shut down on January 15 after a six-year lifespan.Initially created to circumvent U.S. sanctions, Petro was backed by...

Maduro’s scheme to give away petro to Venezuela’s youth is good for bitcoin

The government of Venezuela will not let its petro cryptocurrency dreams die.  And Venezuela’s embattled president, Nicolás Maduro, now has a new plan to...

The petro is real and Venezuelans are slowly starting to trade it

The petro is at once the technological savior of Venezuela’s economy and the biggest fraud ever perpetrated by President Nicolás Maduro’s socialist government, depending...

US Treasury Accuses Russian Bank Of Helping Venezuela Skirt US Sanctions Via Petro

This action signals an increase in US pressure on the Venezuelan government.The US Treasury Department has alleged that Evrofinance Mosnarbank (Evrofinance), a Russia-based financial...

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Goldman Sachs buys NEOS for $2.25B, adds Bitcoin/Ether ETFs

Goldman Sachs has agreed to acquire ETF manager NEOS Investments for up to $2.25 billion, adding its Bitcoin- and...

SEC innovation exemption allows 24/7 tokenized stock trading

The SEC is preparing an “innovation exemption” to enable 24/7 blockchain trading of tokenized stocks.An SEC open meeting is...

Coldcard Hack Drives $15B Bitcoin Exodus to Safer Wallets

A firmware exploit targeting Coldcard hardware wallets drained approximately 2,100 BTC, with losses estimated near $130 million across multiple...