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
The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients’ funds.
23yo Venezuelan allegedly steals $1M in BTC from clients after faked abduction
Inigo Vaca
2021-08-31T03:11:56+01:00
5098
Opinion
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto.
Crypto can alleviate the financial fallout for people in Afghanistan
John Mac Ghlionn
2021-08-29T08:11:00+01:00
5088
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.
Venezuela to launch CBDC in October — And cut six zeros from its currency
Brian Quarmby
2021-08-06T02:03:53+01:00
10132
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.
Exploring Venezuela’s crypto ecosystem since the start of the pandemic
Ezio Rojas
2021-04-04T14:07:00+01:00
10312
Altcoin Watch
Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.
Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval
Jordan Finneseth
2021-03-09T20:04:36+00:00
36112
News
BitPay apparently screened merchants but not customers.
Another crypto firm hit with fines for violating U.S. sanctions
Kollen Post
2021-02-18T16:09:01+00:00
16286
News
Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions.
Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
Joshua Mapperson
2020-12-10T03:42:32+00:00
8823
News
The Venezuelan army turns to crypto mining as the country's economy collapses.
Venezuelan army starts mining Bitcoin to make ends meet
Ezio Rojas
2020-11-30T19:55:54+00:00
13056

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