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Major Department Store Chain in Venezuela Adds First Bitcoin ATM
Traki, one of the largest retail chains in Venezuela, has installed its first bitcoin ATM — another step in the country’s adoption of cryptocurrency. The post Major Department Store Chain in Venezuela Adds First Bitcoin ATM appeared first on Bitcoin Magazine. дальше »
2019-10-8 22:04
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Venezuela Has Traded $250M BTC in 2019 (And Other Bitcoin Utility Data)
Data compiled by usefultulips.org shows that Venezuelans have purchases $250 million worth of BTC and that bitcoin is working as Satoshi intended. The post Venezuela Has Traded $250M BTC in 2019 (And Other Bitcoin Utility Data) appeared first on Bitcoin Magazine. дальше »
2019-10-3 22:16
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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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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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Argentina Central Bank Exposed 800 Citizens’ Sensitive Information
The Central Bank of Argentina (BCRA) published a list of people who will not be able to purchase any more U. S. dollars at the country’s exchange operators. The list is comprised of more than 800 people that won’t be able to conduct any more exchange operations because they exceeded the monthly limit of $10,000 limit. дальше »
2019-9-29 03:34
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Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin
As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via theRead MoreRead More. дальше »
2019-9-27 15:00
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Bitcoin Interest Shifting to Africa — Is BTC ‘Banking the Unbanked?’
Data suggests that Bitcoin interest is growing in Africa. The nations of South Africa and Nigeria currently lead in terms of Google searches for queries relating to the cryptocurrency. The revelation comes via data from Binance Research, the cryptocurrency market analysis branch of the leading digital asset exchange platform. дальше »
2019-9-28 05:16
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Hyperinflation Forces Venezuelan Central Bank to Explore Bitcoin as a Foreign Reserve
When it comes to cryptocurrencies, no stone should be left unturned. That applies to both individuals and entire nations alike. Venezuela, a country known for its rather hostile approach to Bitcoin, might be on the brink of openly embracing the world’s leading cryptocurrency. дальше »
2019-9-27 01:59
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Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets
Venezuela’s Central Bank is considering adding bitcoin to its balance sheets, giving state institutions the ability to settle payments in cryptocurrencies. The post Venezuelan Central Bank Considers Adding Bitcoin to Balance Sheets appeared first on Bitcoin Magazine. дальше »
2019-9-27 00:42
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Is Venezuela’s Bitcoin Stash Really So Bullish for BTC?
Earlier today, news broke that the central bank of Venezula is in tests to see whether it would be advantageous for the institution to hold cryptocurrency reserves. The nation’s state-run oil company is also apparently attempting to send Bitcoin (BTC) and Ether (ETH) to pay suppliers via the central bank. дальше »
2019-9-27 23:00
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Latin American Payment App Mercado Pago Can Be Topped-Up With Crypto
The Atlanta-based blockchain payment provider Bitpay has announced the firm has partnered with Mercado Livre, one of the largest ecommerce providers in Latin America. The collaboration provides people with the ability to purchase Mercado Livre gift cards with cryptocurrencies such as bitcoin cash (BCH), and BTC. дальше »
2019-9-26 21:10
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Venezuela’s Monthly Inflation Rate Spiked to 62.5% in August 2019
Inflation is a very problematic financial situation which is often underestimated. Anyone who never had to deal with such a problem can’t fully grasp the consequences. In the case of Venezuela, things continue to grow progressively worse. дальше »
2019-9-22 01:59
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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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Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services
The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro. дальше »
2019-9-15 00:12
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Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated
Three months ago, Bitcoin. com launched its over-the-counter BCH marketplace on June 4. Since then, Local. Bitcoin. com has aggregated more than 56,000 accounts, gathering traders from all over the world executing thousands of BCH trade offers. дальше »
2019-9-14 03:00
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Dash (DASH) to Begin Trading on Coinbase Pro
Coinbase Pro will add full trading support for Dash (DASH), a privacy-centric altcoin, on September 17, 2019. Cryptocurrency traders on the platform can start depositing Dash (DASH) into their wallets starting from September 16, according to a blog post on September 12, 2019. дальше »
2019-9-13 12:46
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Bitcoin is the solution to fiat debt, claims Bitcoin Standard author Saifedean
In a recent podcast by Preston Pysh, author and economics professor Saifedean Ammous explained how Bitcoin is the solution to get out of debt. He said that inflation is a money supply phenomenon and not collapse in demand. дальше »
2019-9-10 05:03
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Venezuela's Bitcoin Trading Explodes Amid Alleged Anti-Maduro Plot
The number of Bolivars exchanged for Bitcoin in Venezuela has surged to yet another record high as economic and political woes of the Latin American country continue to worsen. According to Coin. дальше »
2019-9-2 19:03
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Venezuela Launches Cryptocurrency Remittance Platform to Boost Capital Inflow in the Country
According to official news published by the Venezuelan government on August 26, the state-run remittance platform Patria Remesa is officially operational. Crypto Remittances Thousands of Venezuelan migrants fled their homeland years ago to find work and send remittances to their relatives since a few dollars could bear the costs of living. дальше »
2019-8-27 17:00
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Kraken’s Head of OTC Sales believes Bitcoin’s high price acts as marketing tool for cryptocurrencies
Kraken, a San Fransisco-based cryptocurrency exchange, has been operating since 2013, making headlines consistently for its donations, funding, and issues with its site and API. OTC Head at Kraken, Nelson Minier, recently shared his journey into the cryptoverse, while also discussing the many developments in the Kraken ecosystem, in a recent podcast. дальше »
2019-8-22 00:30
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Academic Paper Touts Bitcoin as “Hedge Asset,” Skeptical of Central Bank Coins
A new academic paper asserts that decentralized cryptocurrencies like bitcoin are critical for public welfare. The post Academic Paper Touts Bitcoin as “Hedge Asset,” Skeptical of Central Bank Coins appeared first on Bitcoin Magazine. дальше »
2019-9-6 01:02
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P2P Bitcoin And Dash Transactions Soar In Venezuela
Venezuela’s inflation rate topped 130,000% in 2018 as peer-to-peer Bitcoin and Dash transactions reached new all-time highs month after month. Bitcoin Thrives in Broken Economies For the past few years, the Venezuelan economy has been rocked by political and economic instability that has led to shortages of food and medicine, nationwide blackouts, riots and unstoppable hyperinflation that rivals that of the Zimbabwe dollar in the 1990s. дальше »
2019-8-20 14:00
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Could Cryptocurrency Solve Argentina’s Economic Woes?
The Argentine Peso depreciated almost 25 percent against the USD overnight, showcasing the incremental damage being done to an already ailing economy. Economists across the globe have differing views as to how Argentina can tackle this crisis. дальше »
2019-8-14 13:00
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Causal Relationship: Bitcoin Trading Volume In Venezuela Is Keeping Up With The Inflation Rate
The inflation rate keeps rising this year In Venezuela; it will be able to reach a dozen million percent by the end of the year. The rapid devaluation of the Bolivar and the completely melting monetary savings made the poor Venezuelan population turn to Bitcoin. дальше »
2019-8-12 14:06
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Casual Relationship: Bitcoin Trading Volume In Venezuela Is Keeping Up With The Inflation Rate
The inflation rate keeps rising this year In Venezuela; it will be able to reach a dozen million percent by the end of the year. The rapid devaluation of the Bolivar and the completely melting monetary savings made the poor Venezuelan population turn to Bitcoin. дальше »
2019-8-10 14:06
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Venezuela Bitcoin Trading Hits All-Time High Amid Insane 1,000,000% Inflation Projection
The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019. дальше »
2019-8-5 15:09
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Donald Trump’s Tariffs on China may be Boosting Bitcoin’s Value
U. S. President Donald Trump announced on Thursday that almost all goods imported from China will be subject to an additional 10 percent tariff. This escalates further the trade war between Washington and Beijing, threating the global economic outlook. дальше »
2019-8-3 21:00
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Venezuela’s Largest Department Store Begins Accepting Crypto Petro
The Venezuelan Petro could be on its way to becoming a cryptocurrency with real use cases. Today, with no big advertisements or fanfare, reports and pictures appeared that Traki, one of the largest department stores in the country, started the day with posters announcing the acceptance of Petros as a means of payment. дальше »
2019-7-27 10:28
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Bitso Crypto Exchange Secures License from Gibraltar Regulator
Mexico-based bitcoin trading venue and cryptocurrency exchange Bitso has obtained a regulatory license from the Gibraltar Financial Services Commission (GFSC), according to a blog post on July 19, 2019. дальше »
2019-7-21 09:00
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Venezuelans File $30 Million Lawsuit against Crypto Ponzi Scheme
A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme. дальше »
2019-7-17 17:00
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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin
Control of the U. S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. дальше »
2019-7-17 01:30
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South American Bitcoin Trading is Surging Despite Price Volatility
Heightened market volatility has failed to dampen enthusiasm throughout South America, as bitcoin trading volumes in Venezuela, Brazil, Chile, and Colombia continue to soar. Venezuela Trades Record Bolivars For Bitcoin Data from monitoring resource Coin Dance, which tracks trading across three decentralized P2P platforms, confirmed the new all-time high record this weekend. дальше »
2019-7-15 15:00
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Study Exposes How Russia, Iran, & China Are Weaponizing Crypto
It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions. дальше »
2019-7-14 02:30
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‘Shoddy implementation,’ government’s wrong intentions behind failure of Venezuela’s Petro, claims report
The effect of the cryptocurrency market on the mainstream financial ecosystem has been a hotly debated topic. While some claim that digital assets will never match up to fiat currencies, the other camp is confident that crypto is ‘the next big thing. дальше »
2019-7-13 17:00
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Bitcoin Sentiment in Venezuela Negative, BTC Post Double Digit Losses
Bitcoin (BTC) down 10. 7 percent Venezuelans lambast Bitcoin Struggling against rampant sellers, Bitcoin is in a downtrend. In the last day, the coin is down 10. 7 percent in 24 hours, but with criticism from Venezuela and Latin America, BTC could print lower in days ahead. дальше »
2019-7-12 20:00
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Bitcoin Trading Activity Goes Ballistic in Venezuela as Rule of Law Erodes
The worse the political, social, and economic conditions in Venezuela get, the more that residents suffering under the Maduro regime pile into Bitcoin. According to Coin Dance, more than 47 billion Venezuela bolivars were traded against Bitcoin in the first week of July. дальше »
2019-7-9 21:07
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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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This Artist Explores the Art and Politics of Crypto Culture
The crypto artist has worked with Dorian Nakamoto and recently expanded his reach into South America. дальше »
2019-7-5 13:00
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Crypto Ambitions Rise in Cuba to Curb Economic Crisis
The number of countries facing economic woes is rising dramatically. In order to mitigate the impact of inflation, nations are looking towards cryptocurrency as one possible solution and Cuba is the latest to turn to digital assets. дальше »
2019-7-4 12:00
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Venezuelans Set Bitcoin Trading Record amid Crumbling Hyperinflation
According to data released by crypto monitoring website Coin Dance for the week ending June 15, 2019, economically troubled country Venezuela witnessed all-time high bitcoin (BTC) trading activity on P2P exchange platform Localbitcoins. дальше »
2019-6-18 11:00
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Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes
New currency reforms in Venezuela accompanied a decisive surge in Bitcoin trading this week, with informal markets setting new all-time highs. Bitcoin Boom As Central Bank Re-adds Zeros Data from monitoring resource Coin Dance reveals that in the seven days ending June 15, Venezuelans transacted over 46 billion sovereign bolivars (VES) on P2P Bitcoin exchange Localbitcoins. дальше »
2019-6-17 11:00
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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation
Venezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. дальше »
2019-6-14 12:58
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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide
Six days ago news. Bitcoin. com announced the launch of Local. Bitcoin. com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide. дальше »
2019-6-11 06:55
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Bringing Banking to the Unbanked and Small Companies
Being an entrepreneur in a country rife with inflation and corruption and crippled by economic sanctions can be a stressful business. If the national bank decides to go under and shut down its payment processes, it is likely that your business is going with it. дальше »
2019-6-7 15:17
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Consumers In Over 150 Countries Can Now Buy Stocks With Bitcoin
San Francisco-based Bitcoin investment app Abra has released its service to users outside the US allowing 150 countries to buy stocks. Bitcoin-Collateralized Stocks Arrive For Consumers Abra, which launched its investing service in February, will now cater to anyone in 155 countries wishing to gain exposure to various assets including traditional stocks and exchange-traded funds (ETFs), using Bitcoin . дальше »
2019-5-30 23:00
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Max’s Corner: NYC Blockchain Week and Questions in Venezuela
Coinspeaker Max’s Corner: NYC Blockchain Week and Questions in VenezuelaThis edition of Max’s Corner takes a look at some of the themes touched upon during Blockchain Week in New York City and how they reflect larger trends and questions currently in play in the industry. дальше »
2019-5-29 18:03
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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. дальше »
2019-5-28 21:05
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Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels
The cataclysmic political situation in Venezuela is driving cryptocurrency adoption as a fast-rising inflation rate devastates the economy. It is currently projected to reach 10 million by the end of… The post Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels appeared first on CoinCentral. дальше »
2019-5-28 20:07
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Russia will launch gold stablecoin – following Iranian PayMon (PMN)
Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian. дальше »
2019-5-25 14:02
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Cryptos Act as Hope in a Hyperinflation-Striken Venezuela
Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to people in Venezuela in cryptocurrencies and helping them escape the severe financial crisis. дальше »
2019-5-23 23:00
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