Venezuela

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East Asia Dominates World’s Onchain Crypto Activity, Europe and North America Trail Behind

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Crypto activity continues to flourish worldwide, according to a new cryptocurrency adoption index published by the blockchain intelligence firm Chainalysis. The researchers compile onchain digital currency retail value transferred, onchain crypto deposits, peer-to-peer exchange volume, and other types of methodology. Chainalysis recently published a new report called the “2020 Geography of Crypto,” a study that … Read more

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions

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Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start restricting new accounts and closing old ones, as part of the shutdown process. “Current … Read more

Venezuela Blocks Opposition From Disbursing $18 Million To Health Workers via Bitcoin Exchange Airtm

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Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday. However, it is not yet clear whether the money at the center of the … Read more

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

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Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year. The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000. As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent … Read more

Hyperinflation Hits Lebanon: Food Prices Soar 200%, Biggest Crisis Since Civil War

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Lebanon has entered hyperinflation, the first country in the Middle East and North Africa to do so. With a 462% annual inflation rate and food prices rising by almost 200% this month, Lebanon has joined Venezuela in hyperinflating. Meanwhile, the Lebanese pound has lost 82% of its value this year. Lebanon in Hyperinflation Lebanon has … Read more