News
The Polymarket account that profited on Nicholas Maduro's capture and ouster as president is inaccessible, adding to concerns over insider trading allegations on prediction markets.
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Nicolas Maduro News
Nicolas Maduro has been the president of Venezuela since 2013, was the minister of foreign affairs for Hugo Chavez’s government and vice president of Venezuela in 2012-2013. Maduro’s rule in Venezuela is often described as autocratic, corrupt and unprofessional. Maduro was a part of drug trafficking investigations, violations of human rights and a profiter of food shortages in Venezuela. These facts led to the implementation of sanctions on Maduro and the refusal to recognize the validity of the Venezuelan election in 2018. U.S. sanctions forced the establishment of Maduro’s Petro cryptocurrency. Maduro plans for the Petro to become a tool for accessing international financing in avoidance of U.S. sanctions. The Petro was launched in 2018 and was developed by united work of Venezuelan and Russian governments.
- News
Venezuela’s early crypto adoption and gold-to-Bitcoin conversion speculation raise questions about a $60 billion reserve, though analysts have found no proof.
4540 - News
Bitcoin mining electricity costs could fall if Venezuelan oil production increases, though it may take several years before the benefits are fully realized, Bitfinex analysts say.
2877 - News
Bitcoin rose toward $93,000 as Donald Trump made remarks suggesting tougher action on Colombia and Mexico following the US operation in Venezuela.
3662 - News
Risk-on asset markets tend to react negatively to geopolitical shocks, macroeconomic turmoil, and other negative news events.
4788 - Follow up
Opposition leader María Corina Machado proposed adding Bitcoin to Venezuela’s reserves for a new era led by Edmundo Gonzalez.
8127 - News
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.
8868 - News
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
9264 - News
The Venezuelan army turns to crypto mining as the country's economy collapses.
13400 - News
Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
14299 - News
Crypto garnered another mention in one of Maduro's bombastic speeches.
9817 - News
Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership.
5012 - News
As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors.
7422 - Analysis
Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency.
4080 - News
The indefinite suspension of Venezuela's national banking system is driving further adoption of cryptocurrencies.
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