Follow up
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.
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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.
- News
According to Venezuela’s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.
10310 - News
A new board headed by Anabel Pereira Fernández will lead the reorganization. The new team excludes Joselit Ramirez, who led the department since its inception in 2018 but was reportedly arrested on March 17 on corruption charges.
11328 - Analysis
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.
3185 - News
The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.
3016 - Opinion
Bitcoin is helping El Salvador to regain its monetary sovereignty, providing its citizens with financial opportunities and solving problems the country has historically faced.
3503 - News
A community custody protocol, Fedimint wants to scale the Bitcoin network to a billion users located in the global south.
7490 - News
Bitcoin’s blast off to becoming “space money” takes one giant leap with a satellite full node in Brazil.
4285 - News
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
2905 - News
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia.
2834 - New Year Special
Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.
4936 - News
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.
8421 - News
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption.
3912 - Expert Take
As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation?
3353 - News
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay.
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