Venezuelan Hyperinflation Makes Bitcoin An Ideal Way To Transact
News

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 | 2 years ago
Starving Venezuelans Turn to Bitcoin Mining in Desperation
Bitcoin

Starving Venezuelans Turn to Bitcoin Mining in Desperation

Many people in the troubled South American nation have turned to Bitcoin mining in a desperate attempt to fend off starvation and keep their families alive. The once thriving South...

Jeff Francis | 2 years ago
Bitcoin

Despite Risk of Arrest, Venezuelans are Turning to Bitcoin Mining

In a troubled economy, more and more Venezuelans are turning to Bitcoin mining despite risk of arrest by police for theft of electricity. Bitcoin as an Exit in Venezuela In 2005, when...

Vishal S. | 2 years ago
Venezuela Bitcoin Surbitcoin
News teaser

Venezuela’s Only Bitcoin Exchange to Resume Operations

Venezuela Bitcoin exchange SurBitcoin has announced it intends to start operating once more within a week. Legal Bitcoin Exchange in ‘Around One Week’ In a statement on its...

Wilma Woo | 3 years ago
Big Macs
Bitcoin

Big Macs in Caracas, Prawns in Lagos are Cheaper for Bitcoiners

Travel much? Bitcoinist discovered that using Bitcoin instead of local currency gives you more Big Macs for your bits, particularly in places like Venezuela and Nigeria. Attn...

SG Kinsmann | 3 years ago
Surbitcoin
News

Venezuela Shuts Down Bitcoin Exchange, Arrests More Miners

Venezuela’s largest Bitcoin exchange Surbitcoin is no longer trading locally after its bank suddenly suspended withdrawal and deposit services. Surbitcoin To ‘Establish New...

William Suberg | 3 years ago
crisis
Bitcoin

Nigeria: An In-Depth Look at Using Bitcoin in a Currency Crisis

This case-study will focus on Bitcoin’s rise in Nigeria. It was partially inspired by a question from Bloomberg’s Joe Weisenthal about what benefits does Bitcoin bring to...

SG Kinsmann | 3 years ago
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 | 3 years ago
SIMS
Bitcoin

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 | 3 years ago
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 | 3 years ago
Bills
News

Unholy Trinity: Australia Joins in Cash Crunch, $100 Bills Could Go

Australia is mulling the idea of decommissioning its highest value banknote in what appears to be a global trend for removing physical bills. Minister: Priority ‘Closing Down...

William Suberg | 3 years ago
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 | 3 years ago

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