State-backed Cryptocurrency and Redenomination of the Bolivar

    May 11, 2018 @ 12:39 PM / by Alex Davis

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    Critics say this is merely a superficial solution and will do nothing to combat hyperinflation. This announcement followed presidential candidate Henri Falcon’s proposal to dollarize the Venezuelan economy.

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    Venezuela's 'Petro' Cryptocurrency Announced

    Jan 23, 2018 @ 03:44 PM / by Alex Davis

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    President Maduro recently announced the creation of the Petro, Venezuela’s own cryptocurrency, backed by natural resources such as oil and gold.

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