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
Venezuelan authorities confiscated 315 Bitcoin mining systems.
Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines
Felipe Erazo
2020-07-08T15:18:00+01:00
11712
News
Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership.
Venezuela's Maduro Denied Access to Gold Storage as Self-Sovereign BTC Shines
Benjamin Pirus
2020-07-02T19:59:00+01:00
4411
Markets News
The “Mona Lisa of the 21st century” will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says.
Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K
William Suberg
2020-06-30T14:20:00+01:00
32999
News
Bitcoin’s payments for Venezuelan passport applications disabled “temporarily” without official explanation.
BTC Payments Reportedly Now Disabled for Venezuelan Passport Purchases
Felipe Erazo
2020-06-25T21:15:00+01:00
2952
News
Venezuela’s government reportedly accepts Bitcoin as a payment method for some passport applications.
Some Venezuelans May Be Able to Pay for New Passports Using Bitcoin
Javier Bastardo
2020-06-24T18:18:00+01:00
6039
News
Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam.
Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange
Samuel Haig
2020-06-18T07:00:00+01:00
7094
News
BRD CEO Adam Traidman was won over by Bitcoin after overhearing a conversation at Andreessen Horowitz.
BRD's CEO Dismissed Crypto Until Overhearing Andreessen Horowitz Execs
Samuel Haig
2020-06-14T20:00:00+01:00
5009
News
The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token.
Venezuelan Petro Payments May Be on the Rise
Felipe Erazo
2020-06-12T21:00:00+01:00
4190

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