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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%...

Venezuelan Authorities Choose the Russian Ruble over its Crypto, El Petro

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On May 17th, Ambassador of Venezuela, Jorge Valero, announced that representatives of Russia and Venezuela will meet to discuss the possibility of carrying out...
KFC Teams Up With DASH In Venezuela

KFC Teams Up With DASH In Venezuela

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There are many people in the cryptocurrency community who understand the immense potential of blockchain technology, but fear that the cryptocurrency markets won’t truly...

Amid Runaway Inflation, Venezuelans Turn to Bitcoin as an Alternative Store of Value

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LocalBitcoins data shows an ever-increasing amount of Venezuelan Bolivar being converted into Bitcoin (BTC). This development likely comes from the hyperinflation that Venezuela is suffering. The...

Venezuela’s Cryptocurrency ’Petro’ Netted $735 Million In One Day

Venezuela has launched a cryptocurrency called ‘Petro’ in an attempt to circumvent U.S. financial sanctions. The Venezuelan president claims it netted $735 million in...