Tag: Venezuelan

Venezuelan Government Launches Crypto Remittance Service

Venezuelan Government Launches Crypto Remittance Service The government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit […]

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less […]

Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Bank’s Refusal to Release .2B of Venezuelan Gold Strengthens the Case for Bitcoin Venezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $ 1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access […]

Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’ For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.  Also […]

Venezuelan BCH Proponents Bolster Cryptocurrency Use Cases and Adoption

Venezuelan BCH Proponents Bolster Cryptocurrency Use Cases and Adoption In the midst of a severe economic depression and the devaluation of the Venezuelan bolívar, bitcoin cash (BCH) supporters have been teaching people about the benefits of using permissionless cryptocurrencies throughout the country. The BCH meetup in Venezuela has swelled to […]

Major Venezuelan Department Store Chain Accepts Cryptocurrency

Major Venezuelan Department Store Chain Accepts Cryptocurrency The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. […]

Nicolas Maduro Urges His Venezuelan Residents to Invest in the Petro Coin and Gold

Nicolas Maduro Urges His Venezuelan Residents to Invest in the Petro Coin and Gold Nicolas Maduro, Venezuela’s president, called on workers in his country to save money in gold and his cryptocurrency ‘The Petro’ during a salary shake-up Thursday. According to the local news source Noticiero Digital, in the next […]

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro A bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to […]

Venezuelan Banks Must Accept Petro—Maduro Introduces New Economic Reforms

Venezuelan Banks Must Accept Petro—Maduro Introduces New Economic Reforms Two days ago, Venezuela’s President, Nicolás Maduro, ordered the nation’s banks to adopt the Petro digital currency, so now Venezuelan banks must accept Petro. In a bid to reform the nation and alleviate the current Venezuelan economic crisis, Maduro is trying to […]