17.6% will be stored in possession of Venezuela’s Superintendence of Cryptocurrencies and Related Activities (SUPCACVEN) El Petro’s minimum unit is called the ‘mene’ and equals 10-8 Petro.

VENEZUELA’S oil backed el Petro cryptocurrency aims to pull the failing country out of the depths of economic crisis. But what is Petro coin’s price and how can you buy it?

Canada sets higher-than-expected price for sale of its 19 percent stake in Petro-Canada; sets price at 64.50 Canadian dollars ($50.42) a share, 3 dollars higher than price estimated in prospectus ...

The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier ...

KFC Canada (KFC is part of Yum Brands (YUM -1.26%)) announced on Thursday, Jan. 11, that it would be offering the "Bitcoin Bucket," which contains 10 chicken tenders, waffle fries, a medium side ...

440Followers Follow Summary The Petro is to be an asset backed cryptocurrency. The currency will be backed mainly by oil, but other natural resources include gold, natural gas and diamonds.

The government of crisis-torn Venezuela, struggling to overcome chronic liquidity shortages and burdened by US sanctions, launched the first government-backed cryptocurrency, the petro, earlier ...

In a white paper, the government said it will release 100 million digital petro coins during the first year, with the initial 38.4 million expected to go on sale at a value of $60 per token.