Nicolas Maduro

Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency

According to a Bloomberg report, Venezuela President Nicolas Maduro announced a 18-fold increase in Venezuela’s monthly minimum wage to roughly 126 bolivars ($28) by pegging i...

By CoinDesk Staff

Mar 4, 2022 at 8:36 p.m. UTC

Mar 4, 2022

cdtvHash clipVenezuelaNicolas MaduroPetroPTRbolivar

Policy

Ethereum

Venezuela Rolls Out Ethereum-Based Stock Exchange to Help Skirt US Sanctions

The blockchain-based exchange comes as part of new measures announced by Pres. Nicolas Maduro in a bid to sidestep tough U.S. sanctions.

By Sebastian Sinclair

Oct 2, 2020 at 9:00 a.m. UTC

Oct 2, 2020

EthereumVenezuelaNicolas MaduroCoinFlash

U.S. officials allege Venezuelan President Nicolas Maduro operated a drug smuggling over the past 20 years. (Credit: Shutterstock / StringerAL)

Markets

Crime

US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto

Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.

By Danny Nelson

Mar 26, 2020 at 4:39 p.m. UTC

Mar 26, 2020

CrimeVenezuelaDepartment of JusticePetroNicolas Maduro

Markets

Cryptocurrency

Venezuela's Maduro: Airlines Must Use Petros to Pay for Fuel

The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.

By Paddy Baker

Jan 15, 2020 at 10:27 p.m. UTC

Jan 15, 2020

CryptocurrencyVenezuelaAirlinesPetroNicolas MaduroFuel

Policy

Venezuela

Venezuela's Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees

Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto...

By Paddy Baker

Dec 16, 2019 at 2:10 p.m. UTC

Dec 16, 2019

VenezuelaAirdropsPetroNicolas Maduro

Markets

Venezuela

Venezuela's Maduro Mandates Petro Use in Funding of Housing Project

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.

By Daniel Palmer

Sep 20, 2019 at 9:30 a.m. UTC

Sep 20, 2019

VenezuelaNewsPetroNicolas Maduro

Markets

Venezuela

Venezuela's Maduro Orders Top Bank to Make Petro Available to Public

President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.

By Daniel Palmer

Jul 5, 2019 at 10:00 a.m. UTC

Jul 5, 2019

VenezuelaNewsNicolas Maduro

Markets

Russia

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

By Yogita Khatri

Mar 13, 2019 at 1:00 p.m. UTC

Mar 13, 2019

RussiaVenezuelaRegulationNewsSanctionsPetroNicolas MaduroU.S. Treasury Department

Markets

Art

Bolivars to Bitcoin: Activists Take Down Venezuela's Maduro in Crypto Art Exhibit

As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day...

By Bailey Reutzel

Feb 26, 2019 at 5:00 p.m. UTC

Feb 26, 2019