1. Home
  2. Nicolas Maduro

Nicolas Maduro

The Battle for the $2 Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader Guaido

The Battle for the  Billion Venezuelan Gold Stash Continues, London Rules in Favor of Opposition Leader GuaidoHer Majesty’s High Court of Justice in England has determined that the Venezuelan gold stored in the vaults of the Bank of England must be managed by officials of the Central bank of Venezuela designated by opposition leader Juan Guaido. The management of this gold stash, which is comprised of 31 tonnes of this precious […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree

Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette DecreeThe new decree that makes official the recently announced Venezuelan minimum monthly wage rise has been revealed in the Official Gazette, with no mention of its supposed peg to the petro, the national cryptocurrency. The law published mentions that the wage will be 130 VES, using the national fiat currency as a unit of account, […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Venezuela Increases Minimum Monthly Wage to Half a Petro

Venezuela Increases Minimum Monthly Wage to Half a PetroNicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the salary would be half a petro, the national cryptocurrency, which is now worth close to $59. This constitutes an increase of […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural Producers

Venezuela’s Maduro Wants to Offer Crypto-Based Loans to Agricultural ProducersNicolas Maduro, president of Venezuela, stated the country could offer cryptocurrency-based loans to the agricultural sector, in addition to the traditional loans in several fiat currencies. He also stated that Venezuela has worked with petro and other cryptocurrencies for three years, pioneering the use of this kind of asset in Latam. Government Hints at Offering […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders

Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use FloundersPresident Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Venezuelan Minimum Wage Reaches $3 as More Venezuelans Take Refuge in Cryptocurrencies

Venezuelan Minimum Wage Reaches  as More Venezuelans Take Refuge in CryptocurrenciesThe president of Venezuela, Nicolas Maduro, approved a minimum wage raise increase last week that took it to three dollars monthly, a very low income for the citizens of the country that are facing a strong economic crisis since 2013. However, the crypto environment has been growing, and now Venezuelans are flocking to exchanges like […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’

Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token

Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative TokenVenezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation. Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of Freedom’ Per a […]

Bitcoin Eyes a Positive Finish to September, Setting the Stage for ‘Uptober’