Venezuela has officially terminated its Petro cryptocurrency. Launched in 2018, the oil-backed digital currency was once touted by President Nicolás Maduro as a solution to the country’s ...

A "pre-sale" of Venezuela's new 'petro' cryptocurrency will begin on Feb. 20, President Nicolas Maduro said on Tuesday, a move that the government hopes will help pull the country out of a dire ...

The Venezuela government will start auctioning its new petro cryptocurrency to private companies via its Dicom foreign exchange platform in a few weeks, Vice President Tareck El Aissami said on ...

Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports citing a message displayed on the Patria Platform, the only ...

During an interview with Venezuela’s Cuatro F newspaper, the executive secretary of the country’s Blockchain Observatory, Daniel Peña, stated that he believes the Petro (PTR), Venezuela’s oil-backed ...

Led by Maduro, Venezuela’s government has sought a cure for its economic woes in the “ Petro,” a state-issued cryptocurrency allegedly backed by barrels of oil.

Cryptocurrency rating site ICOindex.com has branded the petro a “scam,” while the US has banned its nationals from trading in it.