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Crypto to bypass sanctions? Yes, says Venezuela's President Maduro
The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in tradeThe post Crypto to bypass sanctions? Yes, says Venezuela's President Maduro appeared first on AMBCrypto. дальше »
2020-10-1 19:57 | |
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P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions
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. дальше »
2020-9-17 13:00 | |
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Venezuela Blocks Access to Coinbase & Currency Exchange Platform MercaDolar
Venezuela is blocking access to currency exchange platforms, reported a digital rights advocacy group of the country. According to VE Inteligente, the government under President Nicolas Maduro is not allowing its citizens to access the US cryptocurrency exchange Coinbase and the remittance platform MercaDolar. дальше »
2020-9-9 16:39 | |
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UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold
The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. дальше »
2020-7-4 17:15 | |
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Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela
Venezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency to every doctor in his country as a token of appreciation for their work to combat the coronavirus outbreak. дальше »
2020-4-5 13:05 | |
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Venezuelan President Maduro is Indicted for Abusing Cryptocurrencies
There appears to be a lot more to Venezuela’s cryptocurrency plans than immediately met the eye. While the Petro isn’t doing too great, it now appears that cryptocurrencies have been abused by President Nicolas Maduro. дальше »
2020-3-29 05:00 | |
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Crypto Adoption in Venezuela Increases as Coronavirus Quarantine Shuts Down Banks
Venezuela witnesses an increase in peer-to-peer (P2P) Bitcoin (BTC) trading after banks have been shut down in the country amid the coronavirus quarantine. President Nicolas Maduro instilled on March 17 a nationwide quarantine meant to decrease the spread of the coronavirus. дальше »
2020-3-20 20:59 | |
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Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. дальше »
2020-3-19 19:00 | |
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Venezuela: P2P Bitcoin (BTC) Trading Surges Amidst Coronavirus Scare
The daily Bitcoin (BTC) trading volume of Venezuelan peer-to-peer (P2P) exchanges has been on the rise over the past two weeks, as President Nicolas Maduro has ordered the nation to go into quarantine as part of measures to contain the coronavirus pandemic, reports Decrypt on March 17, 2020. дальше »
2020-3-18 18:00 | |
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Venezuela’s President Says Petro Cryptocurrency Critical to Economic Recovery
Venezuela’s President Nicolas Maduro says Petro — the state-issued crypto, will be a major focus of the country’s government in 2020. Despite previous attempts to promote utility for the national cryptocurrency, public tokens like Bitcoin (BTC) and Dash are seeing the most adoption within the economically troubled country. дальше »
2020-1-16 22:00 | |
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President Maduro Forces Airlines to Buy Fuel Using Petro Cryptocurrency
Venezuela’s president, Nicolas Maduro, recently announced that he plans to revive the country’s oil-backed cryptocurrency Petro, which failed to attract users. Venezuela’s Petro: National cryptocurrency that failed The last several years have brought great economic difficulties for the country of Venezuela, whose native currency, bolivar, suffered a great loss of value due to extreme inflation. дальше »
2020-1-16 16:01 | |
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Maduro Plans to Airdrop Petro to Municipal Leaders and Eligible Citizens
The president of Venezuela, Nicolás Maduro wants the nation state-issued cryptocurrency, petro (PTR) to have the same usability properties as a physical currency. On December 13, Maduro explained on national television that the Superintendence of Crypto-Assets and Related Activities (Sunacrip) will be airdropping 0. дальше »
2019-12-15 20:11 | |
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Maduro Plans to Give Venezuelan Pensioners Petro as Christmas Bonus
Regional news outlets from Venezuela have revealed that President Nicolás Maduro plans to dole out petro as a ‘Christmas bonus’ for Venezuelan retirees and pensioners. Moreover, despite the fact that many Venezuelans say average citizens don’t use the petro, Maduro also claims there are 27,000 petro affiliated businesses. дальше »
2019-11-21 05:50 | |
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Venezuela to pay Christmas Bonuses with a Contraversal Cryptocurrency, the Petro
As hyperinflation continues to ravage the Venezuelan economy, President Nicolas Maduro has hinted that the Christmas bonus of retirees and pensioners in the country will be paid in petro (PTR), Venezuela’s national crypto. дальше »
2019-11-18 18:00 | |
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Venezuela President Maduro Touts Trezor Bitcoin Wallet on National TV
Trezor launches an investigation into the allegedly unlicensed Trezor representatives appearing on Venezuelan national TV
дальше »2019-11-8 17:16 | |
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Nicolas Maduro refuses to give up on Venezuela’s state cryptocurrency El Petro
It seems that the government of Venezuela isn’t ready to give up on its state-issued cryptocurrency ambitions. Speaking during a state broadcast last night, President Nicolas Maduro said protectorates and states would receive one million Petros — Venezuela’s home-brewed cryptocurrency — twice a month, from November onwards. дальше »
2019-10-17 16:14 | |
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Maduro announces Petro-backed funds to boost Venezuela’s economy
Venezuela has long been fighting the woes of an unstable economy; President Nicolas Maduro announced strong steps to recover and strengthen the nation’s economic state. On October 16, Maduro communicated through a broadcast that he will be creating several government funds and will be denominated in its cryptocurrency, Petro. дальше »
2019-10-17 10:30 | |
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Venezuelan President Pushes for Petro Crypto Adoption with Latest Govt. Fund Allocations
In an effort to dig out the country from the deep hole of hyperinflation, sovereign debt and sanctions from other economies, President Nicolas Maduro, Venezuela’s leader, is set to implement an aggressive strategy focused on its national cryptocurrency – Petro. дальше »
2019-10-17 01:08 | |
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Venezuela’s Largest Retailer And Local Crypto Pioneer, Traki, Launches Its First Ever Bitcoin ATM
The largest retailer in Venezuela, Traki, installs its first ever Bitcoin ATMs that allow customers to buy two cryptocurrencies, BTC and Dash (DASH). As the country crumbles under hyperinflation and sanctions from various countries across the globe, the government is turning to cryptocurrencies as a stable form of payment. Venezuelan president, Nicolas Maduro, announced the […] дальше »
2019-10-7 17:24 | |
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Venezuela Formally Confirms Sanction-Skirting Cryptocurrency Payment System
Venezuelan President, Nicholas Maduro, has confirmed rumors that the country is launching a cryptocurrency-based payment network for domestic and international payments. An even more exciting development from here is that the country is looking to accept Bitcoin and Ethereum from a state-owned petroleum company which they will hold as a part of their monetary reserves,Read MoreRead More. дальше »
2019-10-2 01:00 | |
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Venezuela initiates the use of cryptos as a method for free national, international payments, claims President Maduro
South America’s Venezuela has been recording hyperinflation over the past few months, sending its struggling economy on a downward spiral. However, economic conditions have allowed Venezuela and its citizens to finally embrace cryptocurrencies. дальше »
2019-10-1 14:00 | |
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Desperate Maduro Trumpets Crypto Payments with China and Russia
Venezuela’s President Nicolas Maduro has openly declared his regime’s love for cryptocurrencies like Bitcoin and Ethereum. The controversial politician on Tuesday said his government is using cryptocurrencies to access national and international payment infrastructure. дальше »
2019-10-1 13:44 | |
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Venezuela could hold BTC and ETH in its international reserves
The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed. дальше »
2019-9-29 19:35 | |
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Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela
Venezuelan President Nicolas Maduro has mandated that the country’s oil-backed cryptocurrency, the Petro, must be used to fund the ‘Great Housing Mission Venezuela’ social housing program. Ildemaro Villarroel, the minister of popular power for habitat and housing - the department overseeing the housing project - confirmed that the program will be funded using the Petro. дальше »
2019-9-22 16:29 | |
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US Freezes Venezuelan Government’s Assets and Bitcoin Peer to Peer Transactions Go Up
The tension between the government of the U. S. and Venezuela has recently skyrocketed. In a move against the Venezuelan president Nicolas Maduro, the U. S. administration decided to freeze all possible Venezuelan assets. дальше »
2019-8-6 20:45 | |
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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report
Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies. дальше »
2019-7-26 14:02 | |
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Bank Of Venezuela Ordered To Allow Petro Purchases And Deposits
President Nicolas Maduro announced in a tweet that the Bank of Venezuela will now have the ability to accept Petro deposits and allow customers to purchase the nation's own cryptocurrency at all locations. дальше »
2019-7-5 18:47 | |
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Maduro orders Venezuelan bank to sell Petro cryptocurrency in latest pump attempt
Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing. дальше »
2019-7-5 13:54 | |
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Maduro Orders Venezuela’s Biggest Bank to Accept Crypto Petro Nationwide
The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country. дальше »
2019-7-5 16:29 | |
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President of Venezuela, Maduro, Urges Citizens to Choose His “Petro” Coin Instead of Bitcoin
On Thursday, April 25, 2019, President of Venezuela, Nicolas Maduro allegedly took to Periscope, a medium devoted to live appearances, to express the need to increase confidence in the nation’s cryptocurrency, Petro. дальше »
2019-4-26 17:12 | |
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Nicolas Maduro urges wider purchase of Petro [PTR] as crypto-adoption surges in Venezuela
Nicolas Maduro, the President of Venezuela, introduced Petro [PTR] in 2018 to “revive” the nation’s crumbling economy. The launch of the state-backed cryptocurrency was speculated by many to be an attempt at dodging economic sanctions imposed by the US, since banking institutions had been widely affected by them. дальше »
2019-4-26 12:45 | |
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Venezuela President Urges Investors To Buy Petro As Citizens Prefer Bitcoin
The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy. дальше »
2019-4-25 19:00 | |
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OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro
Last February, news. Bitcoin. com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. дальше »
2019-4-23 01:01 | |
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Professor Launches Campaign to Donate $1 Million in Cryptos to Venezuelans
Steve Hanke, professor of applied economics at Johns Hopkins University and adviser to former Venezuelan president, Rafael Caldera, has launched a humanitarian campaign tagged Airdrop Venezuela, which is aimed at donating $1 million in cryptocurrency to 100,000 Venezuelans by August 209, according to a report by NPR on April 21, 2019. дальше »
2019-4-23 01:00 | |
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Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms
With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U. дальше »
2019-3-15 17:30 | |
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Maduro Scoops 8 Tons of Venezuelan Central Bank Gold for Illegal $340 Million Cash Swap
Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week. дальше »
2019-3-2 17:05 | |
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Venezuelan Protestors Take Down President Maduro’s Image By Crypto Artist Cryptograffiti
Venezuelan Protestors Take Down Maduro’s Image In Crypto Art Exhibit A part of the people in Venezuela wants to take down president Nicolas Maduro and it looks like they have a chance do it now, at least to take down an image of him, which was created by a crypto-focused artist. Cryptograffiti, the artist that […] дальше »
2019-2-27 23:32 | |
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Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever
In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […] дальше »
2019-2-3 22:43 | |
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Maduro’s Master Plan for Venezuela: Swapping 29 Tons of Gold for Euros with the UAE
Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro. дальше »
2019-2-2 20:15 | |
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