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Top Venezuelan Exchange Launches Support for Offline Bitcoin Transfers
11.4.2020
Venezuelans who are not connected to the internet can now transfer crypto assets including Bitcoin, Litecoins, Dash or Petros
$15 Million Bounty on Maduro: US Charges Venezuelan President With Narco-Terrorism, Corruption, Drug Trafficking
27.3.2020
The U.S. has charged 14 high-ranking officials of the Venezuelan government, including President Nicolas Maduro, with “narco-terrorism, corruption, drug trafficking and other criminal charges.” The U.S. government is offering rewards of up to $15 million for any information leading...
US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto
26.3.2020
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running
Another Venezuelan Bitcoin Spike as Banks Struggle + More News
19.3.2020
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
Peer-to-peer (P2P) bitcoin (BTC) trading appears to be on the rise in Venezuela after the country’s president Nicolás...
Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
19.3.2020
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro...
Venezuelan Petro Crypto Pay Platform Left in Two-month Limbo
6.3.2020
Venezuela’s biometric authentication-powered crypto payment system is still down, over two months after it went offline, causing havoc for traders across the country.
The Biopago platform was the brainchild of the central Bank of Venezuela and allowed citizens to make payments in the petro (PTR)...
Landmark Venezuelan Hotel to Accept Bitcoin & Altcoins + More News
30.1.2020
Source: a screenshot, Instagram/eurobuilding
Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
One of Venezuela’s biggest hotels, the Caracas-based Hotel Eurobuilding...
Cuba Considers Accepting Venezuelan Petro in Bilateral Deals
22.1.2020
Venezuela is in talks with Cuba about using the Petro, the former’s state-issued, oil-backed cryptocurrency, in bilateral payments including trade deals.
Per the Venezuelan state-run newspaper Correo del Orinoco, the two nations talked on the matter of cryptocurrencies at their most recent...
Venezuelan Team Working on Bitcoin Mesh Network Based on Offline Radios
21.1.2020
A Venezuelan project is working to ensure access to crypto even when offline
Former Venezuelan Gold Mining Company Wants to Centralize Bitcoin ATM Infrastructure
15.1.2020
First Bitcoin Capital Corp. wants to unite the providers of bitcoin ATMs around the world
Venezuelan Petro-accepting Merchants Panic as Crypto Drive Hits Snag
13.1.2020
The Venezuelan government’s attempts to kickstart its cryptocurrency-powered economy appears to have hit a series of wrinkles – with the central Bank of Venezuela suspending service on its Petro-accepting Point-of-Sale (PoS) devices.
Per El Nacional, the central bank has indefinitely ceased Petro...
Problems Escalate in Venezuela as Millions Rush to Spend Petros
7.1.2020
According to the Venezuelan government, millions of families have used the petro, the country’s national digital currency, to pay for goods and services. As shoppers rush to spend their coins, merchants are reportedly struggling, effectively forced to sell goods at a deep discount. At least...
Venezuelan Bolivar Trading Volumes on LocalBitcoins Hits New Record High
17.12.2019
The amount of Venezuelan bolivars traded against Bitcoin hit another all-time high last week
Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus
21.11.2019
Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also...
Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch
17.10.2019
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier
Street Artist Pascal Boyart Helps Venezuelan Creators Earn Crypto
16.10.2019
Crypto-passionate street artist Pascal Boyart, well known in the space for being the first artist in his style to affix Bitcoin QR codes to his work, is now helping Venezuelan muralists and creators earn crypto. The Paris-based “Pboy,” also famous for hiding BTC in...
Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash
10.10.2019
A man named Oscar Salas recently spoke about his quest to spread bitcoin cash (BCH) adoption on episode 34 of the Bitcoin Cast show. Salas explained in great detail how he is a passionate BCH supporter and the organizer of the Maracaibo city BCH meetup. Following his interview a few days later...
Venezuelan Exchange Rolls Out Crypto Debit Card with Petro Support
3.10.2019
Venezuelans get a crypto debit card without fiat
Venezuelan Central Bank is Considering Holding Bitcoin and Ether
26.9.2019
State-owned oil and gas company PSDV asks Venezuelan central bank to explore storing BTC and Ether
Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money
14.9.2019
There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust...