Venezuelan President Announces Oil-Backed Cryptocurrency “Petro” to Combat ‘US Blockade’

According to Reuters, Venezuelan president Nicolas Maduro recently announced a new cryptocurrency during a Christmas television special, amid the country’s economic crisis and the plunge of the Venezuelan Bolivar’s value.

Bitcoin Price Nears $10,000 in Zimbabwe Due to a Lack of Cash in the Country

According to, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one bitcoin is trading at nearly $10,000 on the exchange, while the global average is, at press time, of $5,642.