Venezuelan Petro Cryptocurrency is a 'Scam', Say Local Merchants

Venezuelan Petro Cryptocurrency is a ‘Scam’, Say Local Merchants

Retail merchants in Venezuela are refusing to accept Petro payments as hyperinflation is causing massive devaluation upon liquidation of the crypto at the banks. Meanwhile, the...

Osato Avan-Nomayo | 12 months ago
bitcoin use rising in zimbabwe

Bitcoin Use Soars in Zimbabwe After Foreign Currencies Ban

Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As...

Eustace Cryptus | 2 years ago
weimar republic hyperinflation us dollar bitcoin

US Dollar Mirrors 1920s Weimar Republic Hyperinflation Against Bitcoin

The Bitcoin price in US dollars has begun exhibiting a trend which closely mimics the price history of Germany’s Papiermark during hyperinflation. Against Fiat, Bitcoin Follows...

Esther Kim | 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 | 2 years ago
bitcoin donations Venezuela
News teaser

Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the...

Kevin O’Brien | 3 years ago

Venezuela’s National Cryptocurrency ‘Petro’ Expected to Go Global

According to a Venezuelan official, Tuesday’s Petro pre-sale will have international reach, drawing potential investors from the US, Europe and the Middle East. It was just over two...

Nikita Blows | 3 years ago
Bitcoin price mooning in Zimbabwe

Zimbabwe News – Bitcoin Selling at Twice Global Dollar Average

Following over a decade of economic turmoil, Zimbabweans are turning to bitcoin for some financial stability. Yes, you read that correctly!  I mean, seriously, just how messed up is...

Emilio Janus | 3 years ago
Venezuelan Hyperinflation Makes Bitcoin An Ideal Way To Transact

Venezuelan Hyperinflation Makes Bitcoin An Ideal Way To Transact

Hyperinflation in Venezuela has made a reality of having to carry suitcases of money in order to buy meals. Bitcoin could replace low denomination notes in the country, prevent the...

Matthew Tompkins | 3 years ago

Bitcoin is Soaring to $1,000: Why This Time, It’s Different

Bitcoin’s amazing rise continues to break records, setting an all-time high market cap and reaching for the highest price since 2013. However, this familiar bull-run is different...

Antonio Madeira | 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

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