Tag Archives: Petro

Crypto Petro Competes With Bolivar

As of Monday, the Venezuelan cryptocurrency, the Petro, became the “mandatory accounting unit” of the state oil company PDVSA. And that’s just in time, since the fiat currency of the country, the Bolivar, is now being used as toilet paper … Continue reading

Posted in accredited investor, balance, Banking, Banks, checkbook, Crowd Fund Act, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, insufficient funds fees, Jobs, Legislative Intent | Tagged , , , , , , , , , , , , , , | Leave a comment

In A First, Fiat Currency Tied To A Cryptocurrency

A sign of desperation or genius? Venezuela’s President Maduro, who is fighting against hyperinflation, has just done a major financial flip by tying the country’s fiat currency to the value of its “Petro” cryptocurrency. (Most “stable” cryptocurrencies are tied to … Continue reading

Posted in accredited investor, balance, Banking, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Investments, Jobs, Legislative Intent, review, technology | Tagged , , , , , , , , , , , , | Leave a comment