Venezuelans Set Bitcoin Trading Record amid Crumbling Hyperinflation

2019-6-18 11:00

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.

Venezuelans Turn to Bitcoin to Battle Hyperinflation Venezuela is one of the few countries in the world that has actively used bitcoinRead MoreRead More. The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\.

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Источник: btcmanager.com

bitcoin venezuelans → Результатов: 37

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.

2019-6-17 11:00	Venezuela
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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.

2019-6-14 12:58	Venezuela
year all hyperinflation venezuela issues bill bolivar

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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.

2019-5-23 23:00	Venezuela
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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.

2019-4-23 01:01	Wallet
petro trading exchanges otc groups media cryptocurrency

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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.

2019-4-23 01:00
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Crypto Charity Airdrop Venezuela Raises $292K – Mostly in BCH

According to the founder of Airdrop Venezuela, the charity that aims to donate US$1 million worth of cryptocurrencies to Venezuelans, the nonprofit has registered 60,000 beneficiaries and raised $292,000 in donations so far.

2019-4-22 19:43
bch charity venezuela airdrop far donations bitcoin

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Tons of Bitcoin Food Aid Given to Venezuelans

A chicken for every house in a Venezuelan impoverished town of 5,000. Some 14 tons of food has been bought with bitcoin and has been delivered to Venezuelans in aid... The post Tons of Bitcoin Food Aid Given to Venezuelans appeared first on Trustnodes.

2019-4-12 14:50	News
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Bitcoin Interest (BCI) Launches Food Charity Drive in Venezuela

The ongoing financial crisis in Venezuela has significantly tainted the country’s reputation. Inflation is too high that people are throwing away money on the streets of Caracas, the nation's capital.

2019-4-11 06:35	News
venezuela interest bitcoin drive food bci called

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Cryptocurrency Will Bring Us More Freedom – Right?

By CCN. com: A recent article in Fast Company got me thinking. The article talks about how Bitcoin and other cryptocurrencies (particularly Dash, which the article doesn’t mention) have helped Venezuelans deal with insane inflation and the problem of liquidity.

2019-3-28 11:09	Venezuela
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Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country.

2019-3-15 21:29	Zimbabwe
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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.

2019-3-15 17:30	Visa
venezuela visa mastercard bitcoin payment government boycott

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Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

For a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild.

2019-2-26 07:05
petro maduro venezuelans new accessible becomes scrutinized

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Bitcoin Is More than a Speculative Asset to People in Venezuela

Most Bitcoin HODLers may be wondering when lambo and when moon, but in parts of Latin America, and particularly Venezuela, Bitcoin is saving people’s lives. Bitcoin Is Saving People’s Lives in Venezuela Bitcoin went on tearing breakout on Sunday trading at over $4,200–its highest in 2019.

2019-2-25 19:00
bitcoin people venezuela asset speculative saving latin

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Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela continues to reach new heights in terms of weekly Bitcoin trading volume. Meanwhile, the country’s government has issued new regulations that impose fees on Bitcoin remittance. 2,545 BTC: New Weekly Bitcoin Trading Record According to data from Coin Dance, Venezuelans traded 2,454 BTC via Localbitcoins (the P2P trading platform) for the week ending February 9, 2018.

2019-2-12 08:00
bitcoin volume week trading btc venezuela new

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Venezuelan Nonprofit Eatbch Celebrates First Anniversary Amidst Hyperinflation

On Sunday, Feb. 10, the creators of the charitable organization Eatbch, a nonprofit food drive powered by bitcoin cash, celebrated its one-year anniversary. Eatbch has come along way since its inception feeding Venezuelans thousands of meals alongside branching out to other less fortunate regions like South Sudan.

2019-2-12 00:55
eatbch nonprofit anniversary bitcoin celebrates hyperinflation amidst

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The Daily: Turbo Tax Adds Crypto Section, Venezuela’s Localbitcoins Record

In this edition of The Daily, tax filing software Turbo Tax has integrated a feature that allows crypto investors to report their capital gains online. Also, Venezuelans have set a new record in P2P trade on Localbitcoins and Brazilians can now pay for movie tickets with digital coins.

2019-2-5 16:41
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Indian Cryptocurrency Exchange in 45 Countries Sees Strong Demand in Venezuela

An Indian cryptocurrency exchange, which is now live in 45 countries, reports that it is “seeing immense enthusiasm and buyer activity in Venezuela,” a spokesperson for the exchange told news.

2019-1-3 15:30	Virtual Currency
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Indian Crypto Exchange in 45 Countries Sees Strong Demand in Venezuela

An Indian cryptocurrency exchange, which is now live in 45 countries, reports that it is “seeing immense enthusiasm and buyer activity in Venezuela,” a spokesperson for the exchange told news.

2019-1-4 15:30	Virtual Currency
indian countries exchange bitcoin venezuela crypto demand

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Maduro’s Promotion of the Petro Yet to Yield Results

Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is now considered the first state-issued cryptocurrency. Although no one is really sure whether the coin actually works, Venezuelans have already seen their salaries denominated in the national crypto and their pensions converted to petro.

2018-12-27 12:15
petro maduro yield promotion results yet salaries

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Fundraiser Aims to Raise $1M in Cryptocurrencies for Venezuelans

A cryptocurrency “airdrop” fundraiser has been launched to help Venezuelans. People are donating funds via a number of different coins to the citizens of the crisis-stricken South American nation — many of whom are refugees.

2018-12-11 09:20	Venezuela
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LocalBitcoin Data Suggests Argentinians and Venezuelans Are Entering the Market During the Current Dip

Virtual currencies have been in a bear trend since the beginning of the current year. Bitcoin, for example, has been operating 80% down from its all-time high in December 2017. However, there are some countries such as Venezuela and Argentina that are ‘buying the dip.

2018-12-11 05:51	News
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KFC Will Allow Venezuelans to Buy Chicken With Dash

According to Forbes, KFC, the fast-food chain, will now begin to accept cryptocurrency payments in Venezuela. From this week onwards customers will be able to pay for their food in Dash at the KFC location in Caracas, the Venezuelan capital in the municipality of Chacao.

2018-12-10 15:29	Cryptocurrency
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Venezuelans Remain Skeptical After President Maduro Raises Petro’s Value

Nicolas Maduro’s move to increase the price of the petro, the country’s oil-backed cryptocurrency designed to counter inflation, has sparked intense debate. Experts and tech-savvy Venezuelans alike are less than enthusiastic about the Venezuelan president’s decision.

2018-12-6 03:40	Venezuela
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Mexican Startup Wants to Support Venezuelans With $1 Million Crypto Airdrop

Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela.

2018-11-28 19:29	Digital assets
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

2018-10-10 22:30	Venezuela
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Venezuela Bitcoin Trading Hits New Record As Maduro Confirms Petro Launch

Venezuela posted its largest-ever Bitcoin trading volumes last week, data compiled October 6 confirms, as the country announced several new economic shake-ups. 7 Days, $7 Million Statistics covering P2P trading platform Localbitcoins show that Venezuelans converted a total of 1073 BTC ($7.

2018-10-9 04:00	Venezuela
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Venezuela Demands Citizens Pay for Passports With Petro

Venezuelan authorities have found another way to impose the adoption of the state-issued cryptocurrency, the petro. Citizens will soon have to pay with the government-controlled digital coin if they want to obtain a travel document.

2018-10-7 17:30
petro citizens pay demands coin passports venezuela

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Developer Paul Sztorc Launches the First Version of Drivechain

On September 24, director of research at Tierion and Bitcoin developer Paul Sztorc announced the launch of the first Drivechain release. The Drivechain protocol is an alternative to the sidechain concept because it enables multiple blockchain compatibilities but the system utilizes the same 21 million bitcoins.

2018-9-27 22:15
drivechain paul sztorc developer bitcoin version launches

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The Daily: Speculators and Investors Hodl, Venezuelans Send Crypto With SMS

A study has detected stability in the amounts of bitcoin held for both speculation and investment during the last several months through August. Also in The Daily, Opera launches its much-vaunted desktop browser with built-in crypto wallet, a new service offers Venezuelans SMS-controlled platform for cryptocurrency remittances, and website-building platform Wix integrates coin payments for […] The post The Daily: Speculators and Investors Hodl, Venezuelans Send Crypto With SMS appeared first on Bitcoin News.

2018-9-26 14:15
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Dash Text Enables Remittance via SMS to Turn Venezuela Into a ‘Dash Nation’

Dash Text, an SMS-operated mobile application, has just launched in Venezuela and is aimed at enabling easy remittance in the DASH cryptocurrency. As Venezuela suffers from strict international sanctions and its national currency, the Bolivar, is being diluted on a daily basis, transactions and cross-border payments have become extremely cumbersome.

2018-9-24 16:59	Cryptocurrency
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Bitcoin Is Replacing Bolivar As Venezuelan Economy Crashes

Whoever Satoshi Nakamoto is, he/she might be deserving of the Nobel Prize in economics for inventing Bitcoin (BTC), the nascent digital coin that is currently rescuing crypto-adopting Venezuelans from the abyss.

2018-9-22 00:00	Venezuela
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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.

2018-8-21 18:05
venezuela petro stage center takes look cryptocurrencies

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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.

2018-8-19 05:25
venezuelans petro paid least half month new

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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.

2018-8-16 00:26	Digital assets
petro new cryptocurrency salary venezuela system unit

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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 […]

2018-8-2 16:00	Venezuela
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Venezuela’s Fight With Inflation May Have Helped Cryptocurrency Acceptance

Faced with the rapid decline of their money’s purchasing power, Venezuelans have no choice but to come up with out-of-the-box solutions to offset the effects of their country’s sky-high inflation rate.

2018-6-25 20:37	Cryptocurrency
cryptocurrency inflation acceptance fight may helped venezuela

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Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional).

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

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Venezuelan oppositioner highlights crypto’s role amid crisis

A Venezuelan oppositioner Leopoldo Lopez praised crypto as a tool to overcome censorship but also addressed its dependency on corrupted banks. As Venezuela struggles with a humanitarian crisis, crypto has become a vital tool for many Venezuelans seeking to preserve…

Venezuela To Restructure Its Crypto Department

Nicolas Maduro, Venezuela’s president, has decided to restructure and reorient the National Superintendency of Crypto Assets. The decree was issued in March of this year. The reorganization of the crypto asset department will be headed by the new board, led by Anabel Pereira Fernandez, a lawyer who has served as president of the Fondo de […]

Venezuela banks block more than 75 crypto-related accounts

The accounts of consumers with connections to cryptocurrency trading, particularly those connected to peer-to-peer (P2P) transaction activity, have caught the attention of Venezuelan banks.

2019-6-18 11:00

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