Venezuela – Page 37

Venezuela’s Petro Has yet to Enter the Secondary Market Despite Initial Promises

Venezuela’s native cryptocurrency hasn’t gotten off to a good start. Although there was a lot of initial excitement regarding the Petro, it seems the introduction of this currency to the masses is not going according to plan. In fact, it is still not part of the secondary market, which raises a lot of (valid) concerns. […]

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Bitcoin Buying on the Rise Again in Venezuela

Bitcoin buying is on the rise again in Venezuela, along with growing hyperinflation and worsening political crisis in the country

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Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors In recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was shot by gangsters after failing to deliver on returns on the gang’s investment into his […]

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Bitcoin’s Chance at the $20 Trillion Offshore Tax Haven Market

In polite pockets of society, acceptable and positive crypto talk revolves around its amazing tech and what the future might hold. At least one bitcoiner has tossed aside such niceties, and examined the world’s most popular cryptocurrency as a potential offshore tax avoidance haven. Depending on the study, as much as $20 trillion is hidden […]

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BCH Powered Charity ‘Eat BCH’ Starts Feeding People in South Sudan

BCH Powered Charity 'Eat BCH' Starts Feeding People in South Sudan Back in April, news.Bitcoin.com reported on a charity called Eat BCH that’s been feeding the hungry in Venezuela with food purchased with bitcoin cash (BCH) donations. Since then the group has also started feeding people in South Sudan where citizens in the East-African region are suffering from economic turmoil and a lack of daily nourishment. […]

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India Rejects Venezuelan Crypto Despite 30% Discount

India Rejects Venezuelan Crypto Despite 30% Discount The government of India has formally rejected Venezuela’s state-backed cryptocurrency, the petro, despite an attempt to entice India with a 30% discount. Dependent on the Latin American country’s oil, a steady, uninterrupted supply is key to growing one of the world’s most populous nations. Venezuela is in the midst of dramatically bad economic fortune compounded […]

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National Government Digital Currencies Versus Globally Distributed Cryptocurrencies: in Depth

Let’s see why and how national cryptocurrencies are not really cryptocurrencies

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Switzerland Formally Considers State Backed Cryptocurrency

Reuters reported Switzerland is formally considering the possibility of a state-backed cryptocurrency. Its government has asked legislators commission a study on the pros and cons of a Swiss “e-franc.” Also read: Alec Baldwin’s Lambo Movie Backed by Crypto Tech Switzerland Considers State Backed E-Franc Switzerland’s Federal Council explained why it was asking for a formal […]

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Russia’s Evrofinance Mosnarbank is Keeping Close Tabs on Venezuela’s Petro

Venezuela’s Petro has proven to be a rather intriguing cryptocurrency. While it is the first of its kind – though not necessarily the last – to be backed by natural oil reserves, the Petro has not been received all that well. The United States was quick to prohibit the use of this new currency. However, it seems Venezuela is getting a helping hand from a small Russian bank. The Petro Plot Continues to Thicken It has become more than apparent that the issuance of Venezuela’s Petro cryptocurrency will not go off without a hitch. Despite opposition from various government officials, President Maduro went ahead

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Sole Seven-Star Hotel in Venezuela to Accept Only Petro

A luxury hotel, offering breathtaking views of Caracas and the Caribbean coast, will be accepting only payments in Petro, Venezuela’s national cryptocurrency. According to President Maduro, the renovated Humboldt hotel is going to be the first seven-star property in his crisis-stricken Bolivarian Republic. Also read: Venezuela’s President Launches Crypto Funded Youth Bank, Encourages Mining Farms […]

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