According to reports by a crypto monitoring website, Coin Dance, Venezuela, a country which has been plagued by economic troubles for quite some time, has witnessed an all-time high bitcoin…
Venezuela Sees Bitcoin Transactions Peak as the Crisis Intensifies
Venezuela the financially troubled nation has seen a significant surge in Bitcoin transactions over the year as the financial crisis in the country intensifies. Venezuela was plagued by hyperinflation due…
Venezuelan Charity Campaign 2.7 million USD in Bitcoins
According to recent reports, a charity campaign in Venezuela, Airdrop, is doing it with the help of blockchain technology. The primary aim of the campaign is to collect cryptocurrency worth…
Venezuelan Man Tells the World How Bitcoin Saved his Family
As the situation in Venezuela gets intense with the passage of time, a local bitcoin user tells how he and his family use the flagship digital currency to survive the…
Venezuela Imposes Exorbitant Fees on Bitcoin Remittances
Venezuela is continuing to make records with the trading volume of Bitcoin touching new heights every week. Amidst the record volumes, the Venezuelan government has formed regulations that require fees…
Russia Keeps Venezuelan Cryptocurrency Petro’s Approval On Hold
The struggle to bring Petro into international recognition is still very much in motion, but it seems that the cryptocurrency introduced by the authoritative regime of President Maduro still has…
President Maduro Orders Price Hike for Venezuela’s Cryptocurrency Petro
Venezuela’s native cryptocurrency, Petro’s price has been increased from 3,600 sovereign Bolivars to 9,000, the country’s president announced on national television on Thursday. The wallet for Petro still hasn’t been…
Venezuelan Retail Chain To Accept Petro Payments
The Venezuelan Government has been trying to popularize Petro cryptocurrency as their state-backed digital currency in order to infuse new and revitalize the economy which currently is still in shambles….
Why Digital Gold Is Better Than Physical Gold: A Political Example
The Bank of England has reportedly refused to hand over Venezuela’s gold reserves of over USD 550 million amid growing concerns that the country’s politician and president of the United…
Venezuelan Government wants Petro To Be Accepted By OPEC As Payment Method
The Venezuelan Government has not moved from its decision petro an internationally recognised currency. Results of this decision has not been noticeable so far, it is trying very hard to…
Traders Can Convert Petro into Other Digital Assets
In a recent speech, the President of Venezuela said that “Anyone who buys the Petro until Dec 31 will be able to convert it into any other digital currency.” Jill…
Petro is a Legal Tender in Venezuela
The Supreme Tribunal of Justice ordered to pay 266 Petros or the equivalent as moral damage compensation in a workplace injury. Supreme Tribunal of Justice is the highest court of…