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Jun 2, Nicolas Maduro and sector workers, retirees and the of the Venezuelan officials indicted Thursday on claims they used Christmas, so long as they from pdtro running.

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Bitcoin and cryptocurrency prices pulled back this week. The bitcoin price dropped below $44,, losing about % of its value. The price of one petro is pegged to the price of one barrel of Venezuelan oil � claimed by Maduro to be about $60 as of this writing. The cryptocurrency was launched with great pomp and ceremony in February , backed by Venezuela's vast petrol reserves, and priced at US $

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CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. On January 31, the Venezuelan government released a white paper that made it clear that petro has nothing to do with oil. Petro White Paper. According to the official white paper, national and international licensed exchanges will be able to sell and exchange the petro, allowing the market to define its price. By Amitoj Singh.