Max Keiser Interview: Bitcoin Will ‘Gobble Up All Fiat’ and Rise Over $100K

Bitcoinist once again caught up with the one and only Max Keiser, Wall Street veteran and host of the Keiser Report. He explains why he isn’t fazed about the Bitcoin price drop, why he pays no attention to ICOs, and why Bitcoin will be around longer than humans.  ‘Bitcoin is the monetary black hole’ Bitcoinist: […]

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Venezuela Traded More Bitcoin Than Ever Before In October

Venezuela set a new Bitcoin trading record last week as the country embraces cryptocurrency more than ever. Venezuela Trades 1075 BTC in 7 Days According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat […]

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Petro… Petro… Get ’em While They’re Hot!

After what seems like an unnecessarily long bout of teasing, we can finally get our hands on all those lovely Venezuelan Petro.  As Bitcoinist reported earlier this month, the Petro has been finally launched by the Venezuela government. Today, the Vice-President of the Economy announced the release on Twitter with this lovely infographic. #Enterate || […]

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Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’

Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release arrives after the national government re-denominated the old currency last week.  As hyperinflation mounts in Venezuela, the national government seems to be staking nearly all it has […]

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New Venezuela Bolivar A ‘Scam On Top Of Another Scam,’ Says Media

The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation. Scam Me Once… That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” […]

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Central Bank of Venezuela to Receive $1 Billion from Petro Sale

Nick Omo · April 27, 2018 · 3:00 pm The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale.  Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as […]

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South Korean Capital Looks to Launch City-Wide Cryptocurrency S-Coin

Adam James · April 5, 2018 · 1:00 am Following suit with various other cities around the globe, South Korea’s capital city is looking to become one of the largest cities in the world with its own official cryptocurrency. S stands for S-coin South Korea is already one of the cryptocurrency capitals of the world. […]

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Venezuela’s Petro Now Purchasable with Foreign Fiat

Adam James · March 25, 2018 · 4:45 am Last month, Venezuela became the first country to issue its own cryptocurrency with the launch of the purportedly oil-backed Petro. Now, the digital currency is available for purchase with a variety of fiat currencies — just not the dollar. Petro for Fiat Venezuelan citizens, companies, and […]

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Venezuela Sold $5 Billion in Petro Cryptocurrency, Claims President

Adam James · March 12, 2018 · 9:30 am Venezuelan President Nicholas Maduro has claimed the successful launch and sale of Petro — the first ever state-issued cryptocurrency. Petro Cryptocurrency Sale Reportedly Tops $5 Billion Petro is the first cryptocurrency which is purportedly backed by natural resources. According to Venezuelan President Nicholas Maduro, the sale […]

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