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Machado Proposes Bitcoin as Venezuela’s Reserve Asset
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
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 Crypto for Oil Exports Amid US Sanctions
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
The National Superintendency of Securities of Venezuela has authorized the operation of a decentralized (DeFi) electronic exchange known as BDVE. This pilot program is...
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 Helps Venezuelans Survive
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...
Venezuelan Government introduces new Cryptocurrency Platform
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
The largest chain of department stores in Venezuela, Traki, made an alliance with the Indonesian blockchain firm Pundi X to bring the first physical...
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%...