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Category: Bitcoin Venezuela
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Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents
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Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments
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P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume
A study revealed a rising trend in bitcoin (btc) volume trading across Latin America amid the coronavirus pandemic and rising inflation, pushing the figures to record highs and putting Venezuela and Colombia at the top of the ranking. Latin America Sees a Bullish Trend in Bitcoin P2P Trading Volume According to Localbitcoins, a peer-to-peer (P2P) […]
The post P2P Bitcoin Trading: Venezuela, Colombia Account for Over 23% of Total Localbitcoins Volume appeared first on Bitcoin News.
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Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss […]
The post Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners appeared first on Bitcoin News.
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Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge
Latin Americans have embraced cryptocurrency as a store of value while their fiat currencies depreciate, a new report shows. Bitcoin adoption in the region is further driven by the lack of banking access and remittance needs. Latin American Bitcoin Adoption Blockchain data analytics firm Chainalysis released a new study of cryptocurrency usage in Latin American […]
The post Latin Americans Turn to Bitcoin as Local Fiat Currencies Plunge appeared first on Bitcoin News.
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Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money
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 the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency […]
The post Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money appeared first on Bitcoin News.
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Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential
For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to […]
The post Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential appeared first on Bitcoin News.
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Turkish Bitcoin Volume Soars as Traders Flee the Lira
Trading volume on Turkish cryptocurrency exchanges has soared over the last 24 hours as citizens have sought refuge from the weakened lira. Turkey’s national currency has faced a torrid time on a day when President Recep Tayyip Erdogan accused the US of trying to “stab it in the back”. Trade volume on domestic exchange Btcturk […]
The post Turkish Bitcoin Volume Soars as Traders Flee the Lira appeared first on Bitcoin News.
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