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Tag: Venezuela

Venezuela to launch cryptocurrency to combat US ‘blockade’, Maduro says

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Venezuela to launch cryptocurrency to combat US ‘blockade’, Maduro says

Posted By John Allen

President claims digital currency called the petro will be backed by Venezuelan reserves of gold, petroleum, gas, and diamonds

President Nicolas Maduro has said Venezuela would launch a cryptocurrency to combat a US-led fiscal “blockade,” although he provided few clues about how the economically

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Growing number of Venezuelans trade bolivars for bitcoins to buy necessities

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Growing number of Venezuelans trade bolivars for bitcoins to buy necessities

Posted By John Allen

Bitcoin users still represent a small minority, but some believe that the currency will become more popular in Venezuela as economic uncertainty escalates

Amid growing economic chaos, and the highest inflation rate in the world, some Venezuelans are swapping bolivars for bitcoins in order

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Gustavo Dudamel assaults Venezuelan president Maduro: ‘Enough is enough’

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Gustavo Dudamel assaults Venezuelan president Maduro: ‘Enough is enough’

Posted By John Allen

LA Philharmonic director speaks out against president and urges government in his home country to listen to the people

Throughout Venezuelas slow descent into its current political and humanitarian crisis, the countrys most famous musical diplomat has chosen to remain largely silent.
But following

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