Maduro: Petro Public Sale In November While Website and Wallet Are Live
News

Maduro: Petro Public Sale In November While Website and Wallet Are...

Venezuelan President Nicholas Maduro has made a series of announcements concerning the Petro. Currently, the public sale for the controversial virtual currency is set for November 5th...

Kevin O’Brien | Oct 03, 2018 | 05:00
Venezuela bolivar
News

Venezuela Shatters Bitcoin Trading Records With 500,000,000 Bolivars...

Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. 7 Days, Half A Billion Bolivars Data from Coin Dance...

Wilma Woo | Aug 30, 2018 | 06:00
Venezuela's Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’
News

Venezuela’s Central Bank Unveils App to Convert New...

Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release...

Kevin O’Brien | Aug 28, 2018 | 06:00
Venezuela
News

Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars

Venezuela’s currency the Bolivar Fuerte jumped to 9.2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off...

Wilma Woo | Aug 18, 2018 | 21:00
In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'
News

US Treasury Warns Investors: Venezuela’s Petro Could Violate...

The US Treasury Department has cautioned investors that Venezuela’s Petro could be in violation of Washington-imposed financial sanctions. In December last year, Venezuelan president...

Nikita Blows | Jan 18, 2018 | 01:00
News

Venezuela Launching Oil-Backed Cryptocurrency – the Petro!

President Nicolas Maduro of Venezuela has announced the creation of a new national digital currency – the Petro. He believes that this cryptocurrency will fight off the effects...

Jeff Francis | Dec 04, 2017 | 02:45
News

One Satoshi Now Equal To One Venezuelan Bolivar

Venezuelan hyperinflation has now reached the level where one satoshi unit is now equal to a single Venezuelan bolivar. Black market prices for Venezuelan bolivar are now equivalent to...

Matthew Tompkins | Sep 28, 2017 | 13:30
Miners
News

Venezuela Arrests 4 Bitcoin Miners as Trading Highs Continue

Venezuela has arrested a group of Bitcoin miners for allegedly “affecting stability” of the country’s electricity supply. Thirsty Work Causes Problems for Miners As reported in...

William Suberg | Jan 26, 2017 | 06:00
Travel
Bitcoin Businesses

‘Sorry, Bitcoin Only’: Venezuelan Travel Agency Responds...

Venezuelan online travel agency Destinia will now only accept Bitcoin for payment citing “increasing restrictions” and economic woes in the country.  Travel Agency...

Kei K | Dec 29, 2016 | 05:35
Venezuela
News

Bitcoin Liftoff? Now Venezuela is Ditching Big Bills to ‘Fight...

Venezuela has announced the sudden withdrawal of its highest-value banknote, replacing it with coins ahead of a sudden major currency restructure. President to Mafia: ‘Stay...

William Suberg | Dec 12, 2016 | 05:05

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