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El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’
24.10.2024
Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared...
Venezuelans Crave USDT as Dollar Exchange Rate Explodes
17.10.2024
Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success...
Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven
14.10.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from...
Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin
12.10.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin,...
Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation
12.10.2024
A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic...
Venezuela opposition’s Bitcoin reserve plan must overcome political turmoil first
18.9.2024
Opposition leader María Corina Machado proposed adding Bitcoin to Venezuela’s reserves for a new era led by Edmundo Gonzalez
Latam Insights Encore: The Venezuelan Perfect Storm Highlights Bitcoin’s Key Use Case
10.9.2024
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss how bitcoin is being leveraged by both the opposition and the government in Venezuela, highlighting one of its most significant traits:...
Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path
9.9.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country...
Venezuelan Opposition Leader Proposes Establishing a Bitcoin Reserve
7.9.2024
Maria Corina Machado, head of the political coalition that contests the victory of Nicolas Maduro in Venezuela, has proposed establishing a bitcoin reserve for the country. Machado stated that bitcoin represented a lifeline for many Venezuelans, that protected their wealth from rampant...
Venezuelan President Nicolas Maduro Proposes Retaking the ‘Crypto Path’
3.9.2024
Venezuelan President Nicolas Maduro discussed the possible future of the national cryptocurrency system following the so-called PDVSA-Crypto scheme, which resulted in the loss of $20 billion in unaccounted oil sales paid in crypto. Maduro stated that the country needed to retake the crypto path...
Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance
18.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and...
Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled
15.8.2024
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price...
Binance Says Venezuela Platform Is Being Hit by Access Restrictions
12.8.2024
The Venezuelan government has blocked various websites, including the social network X, following allegations of fraud in the July 28 presidential elections
Venezuela Government Blocks Binance and X Access
12.8.2024
According to local reports, the Venezuelan government has blocked access to Binance, X (formerly Twitter), and other online…
Venezuela blocks Binance, X amid presidential election dispute
12.8.2024
Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X
Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands
11.8.2024
CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings...
Rusko a Venezuela blokují Signal, služba vyzývá k zapínání proxy serverů
10.8.2024
Uživatelé v Rusku a Venezuele mají potíže s přístupem ke komunikační službě Signal, která umožňuje end-to-end šifrované konverzace. Podle serveru The Verge proti službe zasáhly úřady v obou zemích
Venezuelan President Nicolas Maduro Announces 10-Day Block of X; Signal Also Affected
9.8.2024
Venezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country....
Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina
4.8.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and...
Elon Musk accepts challenge to fight president of Venezuela
1.8.2024
After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV