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
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
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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
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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
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Fast food chains like Burger King and Church's Chicken already accept crypto payments in the South American nation.
Pizza Hut to accept Bitcoin for pies in Venezuela
Turner Wright
2020-11-29T20:18:44+00:00
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The 166th wealthiest person in the world has revealed that he has invested in Bitcoin.
Mexico’s second-richest man invests 10% of his liquid portfolio in Bitcoin
Samuel Haig
2020-11-18T05:47:39+00:00
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Bitcoin has broken record levels against at least nine world currencies as its U.S. dollar price marches toward $20,000.
Bitcoin has hit all-time highs against numerous world currencies
Benjamin Pirus
2020-11-17T16:37:15+00:00
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Venezuela has announced a 90-day trial for a decentralized stock exchange supporting “alternative digital assets” and fiat currencies.
Venezuela trials ‘decentralized stock exchange’ that's open to the world
Samuel Haig
2020-10-02T06:56:34+01:00
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Crypto garnered another mention in one of Maduro's bombastic speeches.
Maduro claims crypto will play role in fighting sanctions against Venezuela
Helen Partz
2020-09-30T14:42:44+01:00
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