Venezuela – DIGIT INFO

Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With […]

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Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved

Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Crude Sale Embezzlement; Kraken Involved

The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami, the former Economy Minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were […]

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Venezuela extends reorganization shutdown of crypto agency to March 2024

The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.

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Binance excludes Banco de Venezuela from P2P payments

Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.

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Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.

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Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K

Bitcoin price strength across the board continues into a weekly close that analysis says should stay above $30,000.

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Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using […]

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Not funny: Comedy club NFT debacle teaches lesson in transparency

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.

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Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela

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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: the Argentine Peso plunges against the U.S. dollar, Venezuela and Russia agree to develop a joint SWIFT alternative, and Bitcoin mining is still paused in Venezuela. Argentine Peso Plunges 10% […]

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Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil

Sergey Lavrov, the Russian foreign minister, started his tour of Latin America on April 17, landing first in Brasilia to hold high-level talks with Brazilian President Luiz Inacio ‘Lula’ da Silva and Brazilian Foreign Minister Mauro Vieira. Lavrov insisted that Russia was building a “multipolar” world, while Vieira rejected the unilateral sanctions enacted against Russia. […]

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