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The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech at the National […]Powered by WPeMatico
The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to Its Surging Prices in the Secondary Market, Says Venezuela’s Asonacrip During […]
The post Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro appeared first on Bitcoin News.
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The Venezuelan army turns to crypto mining as the country’s economy collapses.
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Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross […]
The post Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform appeared first on Bitcoin News.
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Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give new strength to the use of petro and other cryptocurrencies, national and […]
The post Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions appeared first on Bitcoin News.
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Crypto garnered another mention in one of Maduro’s bombastic speeches.
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The Venezuelan government has not yet announced partnerships capable of listing PTR abroad.
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Venezuelan mayors agreed to join the government’s plan to expand the adoption of Petro despite some municipalities not having the technology to handle it.
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During the last week, a number of bitcoiners have been discussing Venezuela’s Administrative Service for Identification, Migration, and Foreigners, also known as SAIME accepting bitcoin payments for passport applications and renewals. A number of crypto journalists couldn’t confirm whether or not it is true, but evidence shows that SAIME was and still might be accepting […]
The post Online Data Analysis Points to Venezuela Accepting BTC for Passports appeared first on Bitcoin News.
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U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most Wanted List, as he is accused of transgressing against U.S. sanctions and working with […]
The post US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies appeared first on Bitcoin News.
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