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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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Crypto Market Hit by Record $19B Liquidation, $65B Interest Wiped Out

A record $19 billion in crypto assets were liquidated during the market crash on October 10.The event led to...

Morgan Stanley Turns Bearish, Sees S&P 500 Drop Amid Tensions

Morgan Stanley shifts to a bearish outlook on the S&P 500 following last week’s sharp market decline. The S&P 500...

Expert: Musk’s New $1T Pay Plan Focuses on Real Value for Tesla

Tesla proposed a new compensation plan for Elon Musk, tied solely to achieving set milestones and value creation.The package...

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