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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
‘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...