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Life’s a struggle as Venezuela inflation heads for one million per cent

Life’s a struggle as Venezuela inflation heads for one million per cent
August 17, 2018
Investments

The IMF has drastically upped its inflation prediction, with people unable to afford food and medicine even as Nicols Maduro tightens his grip on power

Two years ago, shoppers in Venezuela would pay fruit sellers like Jos Pacheco with Continue reading →

Investments
Americas, Colombia, Venezuela, World news

Where Could Bitcoin Succeed as a Currency? In a Failed State

Where Could Bitcoin Succeed as a Currency? In a Failed State
April 2, 2018
Investments

When Juan Pinto gets in line at the movie theater, he takes out his phone and trades just enough bitcoin for Venezuelan bolivars to pay for the ticket by the time he gets to the counter. Pinto lives in Venezuela, Continue reading →

Investments
backchannel, Bitcoin, Business, cryptocurrency, Venezuela

The first state-backed cryptocurrency is here

The first state-backed cryptocurrency is here
February 26, 2018
Investments

Venezuela says: bye bye, Bolivars. Hello, Petro.
Image: FEDERICO PARRA/AFP/Getty Images

The bleeding Venezuelan economy is pinning its hopes on cryptocurrency.

On Tuesday, the Venezuelan government launched a pre-sale of “Petro,” a new cryptocurrency backed by the country’s oil reserves. Continue reading →

Investments
cryptocurrency, innovations, petro, politics, tech, Venezuela

Citi Says Get Ready for an Oil Squeeze

Citi Says Get Ready for an Oil Squeeze
October 15, 2017
Investments

Those in the oil market fearing a flood of OPEC supply next year will probably be better off preparing for a shortage, according to Citigroup Inc.

Five countries in the group — Libya, Nigeria, Venezuela, Iran and Iraq — may Continue reading →

Investments
CITIGROUP INC, Generic 1st 'CL' Future, Iran, Iraq, Libya, LUKOIL PJSC, markets, Nigeria, Organization of the Petroleum Exporting Countries, singapore, Venezuela

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