Venezuela has launched a cryptocurrency backed by oil in an attempt to bypass tough economic sanctions imposed by the U.S. government. "The 'Petro' is intended to bolster the country's crumbling economy, which has been suffering from hyperinflation and devaluation for years," reports the BBC. from Google Alert - cryptocurrency http://ift.tt/2CzsIz4 via IFTTT http://ift.tt/eA8V8J