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 Trading Volumes in Venezuela Continue to Climb
Many Venezuelans have been buying up Bitcoin in ever-increasing numbers to hedge against currency devaluation. An Unparalleled Currency Crisis Venezuela was once one of the wealthiest...
A Look at Bitcoin P2P Trading in Politically Tense Countries
Bitcoin (BTC) still keeps up the pace when it comes to P2P markets worldwide. The usage of those markets circumvents exchanges, and allows small-scale exchanges with less formality...
1st national cryptocurrency’s creators perform at Blockchain Life 2019 in Moscow
October 16-17, Moscow: “El Petro — the 1st successful case of creating a national cryptocurrency” The global forum on blockchain, cryptocurrencies and mining welcomes more than...
P2P Bitcoin And Dash Transactions Soar In Venezuela
Venezuela’s inflation rate topped 130,000% in 2018 as peer-to-peer Bitcoin and Dash transactions reached new all-time highs month after month. Bitcoin Thrives in Broken Economies...
Venezuela Bitcoin Trading Hits New Highs Amid US Embargo
U.S. President Donald Trump has just imposed a total economic embargo against Venezuela. As a result, Bitcoin price is currently trading at almost a $1000 premium in VES on P2P trading...
Venezuelan Airports Using Bitcoin to Evade US Sanctions, Local Report
While the Trump administration continues to tighten its economic grip on nations of the world, Venezuelan President Nicolás Maduro has started to push back by using Bitcoin to...
South American Bitcoin Trading is Surging Despite Price Volatility
Heightened market volatility has failed to dampen enthusiasm throughout South America, as bitcoin trading volumes in Venezuela, Brazil, Chile, and Colombia continue to soar. Venezuela...
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...
Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes
New currency reforms in Venezuela accompanied a decisive surge in Bitcoin trading this week, with informal markets setting new all-time highs. Bitcoin Boom As Central Bank Re-adds...
Consumers In Over 150 Countries Can Now Buy Stocks With Bitcoin
San Francisco-based Bitcoin investment app Abra has released its service to users outside the US allowing 150 countries to buy stocks. Bitcoin-Collateralized Stocks Arrive For...
Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency
Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed. Venezuela and Russia...