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Crypto in Venezuela: Daily Usage and 'Seamless' Bitcoin Transactions
29.7.2019
Though she doesn’t know how many people use cryptocurrency in Venezuela exactly, those who do use it, go through a seamless process, according to Jill Carlson, co-founder of the research-oriented, non-profit organization Open Money Initiative.
Carlson herself got interested in cryptocurrency...
Florida-based Firm ‘Letting Venezuela Dodge US Sanctions with Bitcoin’
26.7.2019
Venezuela is reportedly using cryptocurrencies like bitcoin to sidestep American sanctions using a Florida-based company – while the country’s financial regulator has green-lighted wide-reaching crypto pay measures for its own Petro token.
Per a report published earlier this week by Spain’s...
Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions
25.7.2019
Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U.S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay....
Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report
25.7.2019
Venezuelan President Nicolás Maduro and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
17.7.2019
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency...
Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity
14.7.2019
Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines...
Argentina Drives Global LocalBitcoins Volume to Highest Since November
8.7.2019
LocalBitcoins, a Finnish peer-to-peer bitcoin exchange, has seen its trading volume hit a high not seen since November 2018
Why Bitcoin Maximalists Ignore the Value Proposition of BCH
7.7.2019
Some crypto companies keep wilfully ignoring BCH. Let’s compare the coins and see if BCH haters rail against Bitcoin Cash on purpose or simply due to a lack of understanding. Also read: Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up Bitcoin...
Japan’s Central Bank Rules Out Issuing Cryptocurrency, Say Would Mean Dropping Cash
6.7.2019
Japan’s central bank, Bank of Japan has put the question of launching cryptocurrencies to rest. A bank official stated on Friday that issuing a central bank cryptocurrency would require the county to end cash totally, which at this stage isn’t feasible. Deputy Governor of the Bank...
Venezuela’s Maduro Orders Top Bank to Make Petro Available to Public
5.7.2019
President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro
Venezuela Government Orders The National Bank To Accept Petro
5.7.2019
Nicolas Maduro, the Venezuelan president, has ordered the principal financial organization, Banco de Venezuela, to receive Petro (PTR), the virtual currency of the country. The news surfaced on 4th July on Tweeter. This is an aggressive step taken by the Maduro government to promote Cryptocurrency...
President Maduro Orders The Bank of Venezuela to Accept Petro Crypto
4.7.2019
Because of an order emitted by Venezuela’s President Nicolas Maduro, the country’s leading bank Banco de Venezuela will accept the Petro
This Artist Explores the Art and Politics of Crypto Culture
4.7.2019
The crypto artist has worked with Dorian Nakamoto and recently expanded his reach into South America
New Study: US Dominates Crypto Twitter While Venezuela ‘Most Negative’
4.7.2019
Accounting for almost 40% of bitcoin tweets worldwide, the United States looms large over crypto twitter, a new analysis shows
Sanctions-Hit Cuba Eyes Cryptocurrency as Solution to Financial Woes
3.7.2019
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions
Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up
2.7.2019
Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less...
A New Bitcoin Exchange Point On the Colombian-Venezuelan Border Will Help Refugees
18.6.2019
Refugees can use a new POS to purchase goods, food, and services when they leave Venezuela
Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation
14.6.2019
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to...
Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash
6.6.2019
For years Venezuelans have been surviving the harsh economic climate of their country, beset by hyperinflation and political instability. Small businesses have been hit the hardest. But even in these difficult conditions, the ingenuity and hard work of Venezuelan entrepreneurs has allowed them...