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BE

Brian Ellsworth

Senior Correspondent at Reuters News Agency

Covers

Publications

  • reuters.com
    1 article
  • Reuters News Agency

Writes Most On

NicolásMaduroVenezuelaInflationCaracasMineralRedwoodCityCaliforniaUnitedStatesDepartmentOfTheTreasuryDigitalTerrestrialTelevisionFiatMoneyHyperinflationCentralBankGoldPresidentOfTheUnitedStatesDepreciationBlockchainTelephoneCryptocurrencyAlchemyGoldReserveSolvencyReutersSocialistPartySocialismRoyalMint
  • Venezuela aims for crypto alchemy with new 'petro gold' token
    21 Feb 2018—reuters.com
    CARACAS (Reuters) - Venezuela is preparing a new cryptocurrency called “petro gold” that will be backed by precious metals, President Nicolas Maduro said on Wednesday, a day after launching an oil-backed token that has been panned as a pipe dream by blockchain experts. Maduro is hoping cryptocurrencies will help Venezuela skirt U.S. financial sanctions as it struggles under hyperinflation and a collapsing socialist economy. On Tuesday, he said the newly launched petro cryptocurrency raised...

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