Venezuela has been facing many difficulties for years. First of all, the country is in the grip of an unprecedented economic crisis. This crisis is reflected in hyperinflation, which is…
read moreVenezuela gives in to the crypto trend – Crushed by the pressure of the US embargo, Venezuela is turning to cryptomoney. A few months after the creation of a national…
read moreColombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. cryptodollar as a means for Venezuela citizens to access stable assets and bypass the hyperinflation plaguing their national economy. It’s…
read moreFirst Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world. A one-time Venezuelan gold mining outfit-turned multinational crypto startup, First Bitcoin registered with the Securities…
read moreThe volume of Venezuelan bolivar traded against Bitcoin on the LocalBitcoins platform another all-time high last week amid rampant hyperinflation in the country. According to Bitcoin statistics website Coin Dance,…
read moreCorruption, incompetence and sanctions have devastated Venezuela’s oil industry, the country’s main source of hard currency. But Venezuela’s economic crisis has encouraged the growth of another: the “farming” of virtual…
read moreVenezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil. Venezuelan President Nicolas Maduro announced that the oil inventories are sitting in…
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