Tag: El Petro




Venezuela’s US-backed Opposition Tries to Stop El Petro Cryptocurrency

Venezuela’s El Petro cryptocurrency continues to make waves after a highly successful pre-sale which generated $735 million in less than 24 hours. But while President Nicolas Maduro has welcomed El Petro as a means to take on the “superman” that is the US Dollar, his US-backed opposition who themselves know […]


Bill Gates Shows His Age – Totally Misunderstands Cryptocurrencies

During an online question and answer session, Microsoft founder Bill Gates revealed his ignorance as to the purpose and potential of cryptocurrencies. Aping the paranoia regarding market competition in montary markets that has recently been voiced by Goldman Sachs, Gates stated, “The main feature of crypto currencies is their anonymity. […]


Venezuela’s El Petro Cryptocurrency Could Revolutionise Not Just Monetary Markets, But Oil Markets

Pre-sales of Venezuela’s El Petro cryptocurrency continue to increase after the initial coin offering (ICO) pre-sale smashed anticipated figures. As Sputnik reports, “87,200 users in total have requested the purchase of el petro, out of which 3,520 were enterprises, while 83,760 were individuals. Some of those numerous requests were from Australia, Germany, Belarus, Brazil, Cuba, […]


Turkcoin is Coming: Ankara Ready To Jump Into Cryptocurrency Market in Bold Soft Power Move

Turkey is working on preliminary steps to launch its own state sanctioned cryptocurrency. A Turkcoin would be the first such crypto sponsored by a state which is not under US sanctions. Heavily sanctioned but oil rich Venezuela has just launched El Petro, a cryptocurrency backed by the countries reserves of […]


Venezuela’s “El Petro” Has Raised $732 Million As President Maduro Vows to Take On “Superman” – the US Dollar

Venezuela’s new oil backed cryptocurrency has raised over $735 million in less than 24 hours of a public pre-sale. The new cryptocurrency which will be pegged to the South American nation’s vast oil reserves looks to change the game in both the world of US sanctions and the international crypto […]


Malaysian Company Set to Launch Gold-Backed Halal Cryptocurrency

The Malaysian company HelloGold is preparing to launch a new gold-backed cryptocurrency called GOLDX. The new crypto is set to become available for purchase later this year, in Thailand. While the use of cryptocurrencies is becoming hotly debated among world governments, it appears there is also a religions angle. Islamic banking systems […]



Crypto-Cold War: Have New Cryptocurrency Regulations Contributed To The US Stock Market Plunge?

On the 2nd and 5th of February, major financial institutions announced that they will actively prohibit the purchase of cryptocurrencies including the industry leading Bitcoin, using their bank issued credit cards. J.P. Morgan Chase, Bank of America and Citigroup from the US as well as the UK’s Lloyds Banking Group and […]