2020-11-12 23:42 |
Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.
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Venezuela’s ongoing economic crisis has contributed to hyperinflation, with its native fiat currency losing its value with every passing day. These factors, coupled with declining trust in banks, arThe post Bitcoin is helping arbitrate exchange rates for Venezuela's migrants appeared first on AMBCrypto.
2020-1-23 15:30 | |
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Crypto is going mainstream in Venezuela where one of their biggest department store with some 49 location, Traki, accepts bitcoin, eth, and Petro, the government issued cryptocurrency. They’ve already processed.
2020-1-3 20:54 | |
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A new report emerged yesterday claiming that Venezuela’s central bank is considering using the Bitcoin and Ether reserves at its disposal to alleviate the country’s seemingly never-ending economic woes.
2019-9-28 09:27 | |
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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.
2019-9-27 15:00 | |
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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.
2019-7-9 21:07 | |
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Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto.
2019-7-3 00:15 | |
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Bitcoin and most cryptos have gone green today with an on-going attempted coup in Venezuela potentially being one reason for the upwards price pressure. Bitcoin begun rising at about 10...
2019-4-30 16:47 | |
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Latest Bitcoin News The political quagmire in Venezuela is now turning into an inconvenience, a crisis—and ordinary citizens are feeling the pinch. Reliable news sources reveal that the once prosperous oil-rich state is now on.
2019-3-11 14:30 | |
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Bitcoin transactions and active addresses have seen a steep fall this Saturday as Venezuela saw what AP calls the “worst power and communications outage” which “reached virtually every part of.
2019-3-11 18:23 | |
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LocalBitcoins users in Venezuela spent nearly 160 billion VES buying 16,642 BTC in the first two months of 2019. At today’s price, those bitcoin are worth almost $63 million, with a record 25.
2019-3-5 00:00 | |
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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 […]
2019-2-3 22:43 | |
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Some $7 million worth of bitcoin is exchanging hands in Venezuela everyday on just one peer to peer exchange, Localbitcoin. Volumes are up across Latin America, including Mexico, Argentina, Chile.
2019-2-1 18:51 | |
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Bitcoin Volume In Venezuela Increases At Record Numbers Venezuela has recently experienced the biggest spike in Bitcoin volume over the last week. Never before people used so much Bitcoin (BTC) in Venezuela, a country that is currently plagued by hyperinflation that is destroying its economy.
2018-12-28 04:10 | |
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A once rich country, an educated population, a fairly developed economy, now on its knees due to monetary mismanagement with hyperinflation reaching legendary levels. What better opportunity to showcase digital.
2018-8-3 16:39 | |
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Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country's ongoing economic crisis.
2018-6-28 11:00 | |
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Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.
2018-6-22 03:00 | |
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The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said.
2018-6-15 13:50 | |
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As many advocate to replace the U. S. dollar as the global reserve currency, Bitcoin and nationalized cryptocurrencies may finally offer Muslim countries economic stability and leeway in Western politics.
2018-6-14 15:27 | |
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In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies.
2018-6-11 05:05 | |
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The Reserve Bank of Zimbabwe (RBZ) has expressed its desire to establish a new form of digital money known as the Gold-Backed Digital Token (GBDT). This digital currency will be underpinned by gold bullion reserves held by the central bank.
Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion in its native currency or 39 million in United States dollars.
Coinspeaker Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation.
A lot of countries have been looking to follow in El Salvador’s footsteps since the country officially implemented bitcoin as a legal tender. Most of these countries have however been from the same region as El Salvador in Latin America.
The government of Zimbabwe is nursing serious plans to make bitcoin (BTC) a legal tender. Per a report on November 7, 2021, by local news publication, Bulawayo 24 News, Zimbabwean authorities are now in talks with various stakeholders to find out the potential benefits of cryptocurrencies to the nation’s economy. Zimbabwe Eyes Bitcoin Adoption AsRead More
Zimbabwe may finally be relaxing its hardball stance on cryptocurrencies. Its increasingly crypto-friendly finance minister Mthuli Ncube, recently said that at this point, it would be impossible for the nation to keep ignoring cryptocurrencies.
Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament.