News
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.
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Venezuela News
Venezuela, officially the Bolivarian Republic of Venezuela, is a federal state in the north part of South America. The country has built its economy on oil, as Venezuela owns the largest oil reserves in the world. In terms of digital currencies, Venezuela was the first country to have issued its own cryptocoin. Its value directly depends on the national oil reserves. The cryptocoin, created in order to improve the country’s weak economy, was issued contrary to the parliament’s decision. The national Venezuelan cryptocurrency Petro, officially El Petro, has garnered about $735 million during the first day of the ICO launch. Despite the apparent success, the future of the Venezuelan cryptocurrency is unpredictable, as some countries, such as the USA, have already banned the use of Petro.
- Interview
“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels.
6160 - News
“We must advance in these new economic and technological systems to be accessible,” Maiquetia airport director said.
7360 - News
The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients’ funds.
5169 - Opinion
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto.
5294 - News
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
10427 - Analysis
Here are the events that marked the past year in the Venezuelan crypto space and the opinions of those who experienced them from the inside.
10378 - Altcoin Watch
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.
37089 - News
BitPay apparently screened merchants but not customers.
16317 - News
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
8852 - News
The Venezuelan army turns to crypto mining as the country's economy collapses.
13093 - News
Fast food chains like Burger King and Church's Chicken already accept crypto payments in the South American nation.
13845 - News
The 166th wealthiest person in the world has revealed that he has invested in Bitcoin.
34274 - News
Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
13660 - News
Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
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