Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian government seeks to divert attention from the floundering economy by hawking its “Petro” cryptocurrency. According to Reuters, prices in Venezuela rose by 454 percent during the first quarter of 2018 and have swelled by 8,900 percent over the past 12 months.
The post Venezuela’s Bolivar Sees 454% Inflation in Q1 as Maduro Hawks the Petro appeared first on CCN
You may be interested
China’s Official Government Auditor Is Looking at Blockchain SolutionsBrian Evans - Apr 25, 2018
China's National Audit Office thinks blockchain streamline its data storage operations.
Weekly Price Overview: Cardano, April 24Brian Evans - Apr 25, 2018
We asked, you voted. So here is some Cardano for you 🙌 #PRICE_ANALYSIS
BaFin Registers BITREAL Capital For Hybrid Crypto Fund In GermanyBrian Evans - Apr 25, 2018
German firm BITREAL Capital GmbH has been approved to launch the first hybrid cryptocurrency and real estate fund in Germany. #NEWS