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Machado Proposes Bitcoin as Venezuela’s Reserve Asset

Machado Proposes Bitcoin as Venezuela’s Reserve Asset

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This proposal comes amid Venezuela’s ongoing economic struggles, including hyperinflation and a volatile currency. Machado's suggestion reflects a growing trend among global leaders to...

Venezuela Disconnects Crypto Mining Farms from the Grid

This sector has come under increased pressure as more countries express concerns over their activities. The latest to ban crypto mining activities is the...
Tether to Freeze Wallets Linked to Sanctions Evasion in Venezuela

Tether to Freeze Wallets Linked to Sanctions Evasion in Venezuela

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This decisive action underscores the cryptocurrency sector's growing responsibility for global financial compliance. The move reported that PDVSA increased its use of Tether's USDT to...
Venezuela Adopts Cryptocurrency for Oil Exports Amid US Sanctions

Venezuela Adopts Crypto for Oil Exports Amid US Sanctions

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This shift is primarily designed to mitigate the adverse impacts of these sanctions on Venezuela's crucial oil revenue. US sanctions aimed at pressing for...
Venezuela Authorizes Pilot Program for DeFi Exchange

Venezuela Authorizes Pilot Program for DeFi Exchange

The National Superintendency of Securities of Venezuela has authorized the operation of a decentralized (DeFi) electronic exchange known as BDVE. This pilot program is...
Bitcoin Volumes in Venezuela

Hola Amigos: Venezuela Still Has the Highest Bitcoin Volumes

Cryptocurrencies are making waves in a number of problematic countries. However, Venezuela, which is notorious for its hyperinflation, is still topping the charts in...
Bitcoin Has Come to the Rescue

Bitcoin Helps Venezuelans Survive

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Venezuela is in trouble. And its citizens have no other alternative but to find solace in Bitcoin.  The Venezuelan government is an extremely stubborn one. But...
Bitcoin volatility is down

Venezuelan Government introduces new Cryptocurrency Platform

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The National Superintendent of Cryptoactives, Joselit Ramírez, announced that Patria Remesa, a platform for sending money is fully operational. The money can be sent...

Venezuela’s Largest Chain of Departmental Stores Will Now Accept Cryptocurrency

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The largest chain of department stores in Venezuela, Traki, made an alliance with the Indonesian blockchain firm Pundi X to bring the first physical...
Bitcoin volatility is down

Venezuela Sets Bitcoin Record Due To Hyper Inflation

The Bolivar of Venezuela has been in such high inflation that bitcoin trading volume has been record-high. Estimates claim that inflation has reached 10.000%...