Main Menu



Two U.S. Diplomats Expelled From Venezuela Over ‘Conspiracy’

President Trump responded on Monday with an executive order limiting Venezuela’s ability to sell state assets May 23, 2018 (DESPARDES) — Re-elected Venezuela President Nicolas Maduro on Tuesday ordered the expulsion of two top U.S. diplomats in Caracas, accusing them of a ‘conspiracy’ that was denied by the US State Department. Maduro made the announcement as his victory in Sunday’s vote was being proclaimed officially. The vote was marred by an opposition boycott and allegations of fraud, which led the US to tighten sanctions. Even before the election took place,Read More

Venezuela’s State-Backed Petro Coin Rakes in $3.3Bln; Iran and Turkey To Launch National Cryptocurrency

Cryptocurrency Market Rebounds But Faces Resistance to Breach $10K; NASDAQ Might Trade Digital Coins April 27, 2018 (BE2C2): A presale of Venezuela’s state-backed digital currency called Petro coin has raked in $3.3 billion, President Nicolas Maduro said. Maduro said in a statement on Thursday the proceeds would be transferred to the central bank to be auctioned off via foreign exchange platform DICOM, according to the AVN news agency. The cash-strapped South American nation launched the presale of its oil-backed cryptocurrency on February 20. Maduro plans that the central bank willRead More