Venezuela

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. The government is also developing a new salary system that will allow employees to receive their wages in petro funds over fiat.

ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till...

Bitcoin may still be king on the international scene, but in Venezuela, dash is vying for superiority.

Going back to the early days of Bitcoin, we look at the contributions of Nick Szabo to smart contracts and Bit Gold. Decentralizing gets...

“We were almost running out of food some days ago...With the 3 NANO (around $8 USD) we were able to buy food for the whole week."

LTB podcast hosts Adam B. Levine, Stephanie Murphy and Jonathan Mohan speak with Christian Garcia about the crucial role of cryptocurrencies in Venezuela.

The IMF predicts that, by the end of year, Venezuela will have experienced a GDP decline of nearly 50 percent since 2013.

The best of Bitcoin Magazine's cryptocurrency and blockchain stories from the week.

2017 was a particularly confusing and uneasy year to mine cryptocurrency in Venezuela. 2018 is not much better.

With crushing debt and a starving population, the Maduro government in Venezuela is launching what it says is the world's first sovereign cryptocurrency.The cryptocurrency...