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Is Dash an answer to Venezuela hyperinflation?
With Venezuela facing a hyper-inflation that is making its fiat currency volatile and spiral out of control, there is a lot of confusion prevalent among the people. Over the weekend, the President Nicolas Maduro, devalued the Venezuelan Bolivar by 95%. дальше »
2018-8-23 16:36 | |
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New Venezuela Bolivar A ‘Scam On Top Of Another Scam,’ Says Media
The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation. Scam Me Once… That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” and a “smoke curtain. дальше »
2018-8-23 04:00 | |
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Venezuela Is Launching a New Currency to Help Save Its Economy
Venezuela’s economic conditions are worsening by the day, and the authorities have turned to digital coins to help facilitate growth. However, what started with the “Petro” as a digital currency experiment has now given way to a unique (albeit crazy) plan of the Maduro-led government. дальше »
2018-8-23 21:01 | |
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An Update Venezuela’s Petro, It’s Looking Worse Than We Thought
The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation. дальше »
2018-8-22 16:30 | |
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A Look at Venezuela’s Other Cryptocurrencies, While the Petro Takes Center Stage
Financially troubled Venezuela, which is introducing the new, denominated, crypto-anchored “sovereign bolivar” this week, is also the birthplace of a number of alternative coins beside the state-issued, oil-backed national cryptocurrency, El Petro. дальше »
2018-8-21 18:05 | |
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Venezuela’s Native Fiat Bolivar Undergoes Historic Devaluation, Gets Pegged to ‘Petro’
As per the new guidelines from President Maduro, Bolivar has been devalued by 96%. While as inflation reach record-high, Venezuelan citizens express concerns and shift towards adopting digital assets. дальше »
2018-8-21 17:50 | |
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Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate
On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent. дальше »
2018-8-19 15:00 | |
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Venezuelans to Be Paid at Least Half a Petro a Month
Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0. 5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin. дальше »
2018-8-19 05:25 | |
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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars
Venezuela’s currency the Bolivar Fuerte jumped to 9. 2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off its value. Redenomination Looms As reported by cryptocurrency commentators including Purse. дальше »
2018-8-19 04:00 | |
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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers
Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA. дальше »
2018-8-16 00:26 | |
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Venezuela to Have Two Units of Account – Petro and Petro-Pegged Bolivar
President Maduro’s Venezuela is preparing to effectively adopt next week two official units of account – the nation’s crypto, El Petro, and the new petro-pegged bolivar that will replace the inflated national fiat. дальше »
2018-8-15 19:55 | |
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Maduro’s Petro cryptocurrency will be an official currency in Venezuela – like the Bolivar
In a bid to save Venezuela from hyperinflation, embattled President Nicolnezuela will have a second accounting unit based on […] the value of the Petro. ” Maduro declared in a televised address (spotted by Sputnik). дальше »
2018-8-14 12:46 | |
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Venezuela’s Constituent Assembly Drafts Law to Create Central Bank for Crypto
A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the country’s Constitution that includes a central bank for cryptocurrencies. дальше »
2018-8-14 06:50 | |
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As inflation goes stratospheric, Venezuelans take to the crypto markets
It is a commonly (but not universally) known fact that the ultimate supply of Bitcoin is capped at 21 million. Unfortunately the same cannot be said for the Venezuelan Bolivar, which is going through a period of currency debasement every bit as bad as the events in Weimar Germany which brought Hitler to power. As […] дальше »
2018-8-2 16:00 | |
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Dash is Used More than All Other Cryptos Combined In Venezuela
Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars. дальше »
2018-7-28 11:13 | |
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Venezuela Ties Own Currency to Sanctioned Petro as Maduro Talks of ‘Great Hope’
Venezuela will remove five zeros from its ailing currency, the bolivar, and peg it to its controversial Petro cryptocurrency, President Nicolas Maduro said in a public broadcast July 26. Maduro: Bolivar Will ‘Anchor Petro’ The Bolivar, which had become so inflationary that online gaming tokens such as World of Warcraft gold were a more stable store of value, is currently worth just $0. дальше »
2018-7-28 11:00 | |
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Dash is Used More than All Other Cryptos Combined In Venezuela
Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars. дальше »
2018-7-28 00:50 | |
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FINMA Launches Proceedings Against $100 Million ICO
Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has announced that it has launched proceedings against initial coin offering (ICO) issuer, Envion AG. Also Read: Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says FINMA Launches Proceeding Against $100 Million ICO A press release published by the Swiss Financial Market Supervisory […] The post FINMA Launches Proceedings Against $100 Million ICO appeared first on Bitcoin News. дальше »
2018-7-27 10:45 | |
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Venezuela Tying The Bolivar To Its National Cryptocurrency
In the midst of runaway inflation, Venezuela will print new money, removing five zeroes from the denominations, and tie its national currency to the recently created petro.
дальше »2018-7-27 00:05 | |
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Venezuela’s Move to Crypto and away from State Sanctions and Inflation
In order to curb inflation in Venezuela, five zeroes will be removed from the national currency, the Bolivar according to July 26, 2018, reports. Furthermore, the value of the money will reportedly be tied to the government-controlled cryptocurrency, the Petro. дальше »
2018-7-27 23:00 | |
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Bolivar ‘Anchored’ to the Petro to Be Issued in August, Maduro Says
A new Venezuelan fiat currency, ‘anchored’ to the nation’s crypto, the Petro, is expected to start circulating in the second half of August. The news was announced by president Maduro himself, along with other measures intended to improve the economic situation in the country. дальше »
2018-7-26 20:45 | |
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Venezuela's New National Currency Will Be Tied to the Petro, Says President
Venezuela is replacing its national currency, the bolivar, with a new one that will reportedly be tied to its controversial "petro" token. дальше »
2018-7-26 14:30 | |
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Nano Community Rushes To The Aid Of Venezuelan User Amidst 40,000% Inflation
Venezuela’s economy has been breaking down for months, if not years, with its currency inflating unsustainably. This has lead users to seek ways other than the Venezuelan Bolivar to transfer value, with cryptocurrencies, like Nano, quickly becoming an alternative currency. дальше »
2018-7-6 09:19 | |
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