Bitcoin better than bolivar

Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates

Bitcoin can be many things depending on the situation. For many it is a store of value, for some, it is a trading vehicle, but for Venezuelans, BTC is the most reliable hedge against...

Martin Young | 2 years ago
Maduro Venezuela bitcoin

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

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 | 2 years ago
Venezuela bolivar

Venezuela Shatters Bitcoin Trading Records With 500,000,000 Bolivars Per Week

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 | 2 years ago
Venezuela's Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’

Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign...

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 | 2 years ago

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 | 3 years ago
In July, Bitcoinist reported on Venezuelan Nicolás Maduro's efforts to see the Petro become his avowed 'Great Hope.'

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

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 | 3 years ago

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 | 3 years ago

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 | 3 years ago

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 | 4 years ago
Bitcoin Businesses

‘Sorry, Bitcoin Only’: Venezuelan Travel Agency Responds to Hyperinflation

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 | 4 years ago

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

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 | 4 years ago

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