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Venezuela Petro Dumped at a 50% Discount at LocalBitcoins

Venezuelans are dumping the government-issued Petro, a crypto coin backed by a barrel of Oil, for half its value ($30) at peer-to-peer exchanges like LocalBitcoins. The situation has worsened over the past few weeks as the government has scrambled to tame the USD/Bolivars rate but shutting down avenues for liquidation. At the time of writing,

Venezuelans are dumping the government-issued Petro, a crypto coin backed by a barrel of Oil, for half its value ($30) at peer-to-peer exchanges like LocalBitcoins. The situation has worsened over the past few weeks as the government has scrambled to tame the USD/Bolivars rate but shutting down avenues for liquidation. At the time of writing,

Altcoin News
Altcoin News

Questions Raises on Petro’s “cryptocurrency” status Following Hike in Price By President Maduro

Cryptocurrency market has lost $45 billion in total, bitcoin still stand on top and the value of other cryptocurrencies are volatile. As on December 03, 2018, the Venezuelan president, Nicolas Maduro has increased the price of Petro cryptocurrency with 150 percent. Petro is the national cryptocurrency of Venezuela which was valued 3600 sovereign bolivars to

Cryptocurrency market has lost $45 billion in total, bitcoin still stand on top and the value of other cryptocurrencies are volatile. As on December 03, 2018, the Venezuelan president, Nicolas Maduro has increased the price of Petro cryptocurrency with 150 percent. Petro is the national cryptocurrency of Venezuela which was valued 3600 sovereign bolivars to