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.

Analysis
As the world continues to warm and face the effects of climate change, what does this mean for Bitcoin, blockchain and the world of crypto?
Bitcoin adoption heats up as climate change wreaks havoc worldwide
Jonathan DeYoung
2020-09-24T15:30:00+01:00
2712
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But there is always a catch when it comes to Maduro’s government.
Crypto mining activities are now regulated by the Venezuelan gov
Felipe Erazo
2020-09-23T21:15:00+01:00
5796
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The Venezuelan government has not yet announced partnerships capable of listing PTR abroad.
No, you can’t buy Venezuela’s Petro on any overseas exchanges
Felipe Erazo
2020-09-21T21:28:00+01:00
18952
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What will happen to foreign P2P marketplaces operating in Venezuela?
Venezuelans are running out of crypto P2P trading options
Felipe Erazo
2020-09-15T20:56:00+01:00
3509
News
Ukraine beats Russia, China and more in adoption metrics, according to new research from Chainalysis.
Ukraine, Russia and Venezuela are leading the world in crypto adoption: Chainalysis
Samuel Haig
2020-09-09T05:38:39+01:00
7511
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A major win for the people of Venezuela and the fight against government corruption.
Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds
Felipe Erazo
2020-08-21T17:47:00+01:00
5078
News
Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.
Venezuela May Soon Be Collecting Taxes in Crypto
Felipe Erazo
2020-08-12T06:10:00+01:00
5285
News
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister.
Venezuela Bans Crypto Mining From Public Housing
Felipe Erazo
2020-07-17T21:03:00+01:00
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