CARACAS (Reuters) - President Nicolas Maduro said Tuesday that Venezuela had received $735 million in the first day of a pre-sale of the country's “petro” cryptocurrency, aimed at pulling the country ...

In Venezuela, there has been a severe economic crisis. Hyperinflation has been a big part of the problem there. Prices skyrocket, and then people can't afford food or medicine. President Nicolás ...

When President Nicolás Maduro launched the Petro in February 2018, it was marketed as a revolutionary instrument—a state-backed cryptocurrency ostensibly tied to Venezuela’s vast oil reserves that ...

Sign up for our Metro US email newsletter to get news, updates, and local insights delivered straight to your inbox! CARACAS (Reuters) – Venezuela’s “petro ...

WASHINGTON -- The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying its introduction is intended to skirt U.S. sanctions. In a separate move, the ...

Venezuela's largest bank, state-owned Bank of Venezuela, is close to becoming the first financial institution in the country to offer its clients the option of conducting operations both in fiat and ...

Venezuelan leaders face an unprecedented economic crisis, and their currency is almost worthless. So they created a new one. Venezuela’s government on Tuesday launched the world’s first sovereign ...

President Nicolas Maduro on Tuesday decreed that airlines flying from Caracas must pay for fuel in Venezuela's ailing "petro" cryptocurrency, which he ordered to be more widely used in the ...