Venezuela

Venezuela, located in the heartland of Latin America, is one of the most oil-rich countries in the world. Its annual oil barrel output rivals that of countries such as Saudi Arabia and Canada, with oil having served as its...

Dash CEO, Ryan Taylor, says a few factors saw them enter the Venezuelan market three years ago, but the political situation has made their cryptocurrency a critical survival tool for many in the beleaguered country. Dash, a portmanteau of...

Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations against Dash Merchant Venezuela, a separate Dash-funded organization. Some in the community are still outraged. Meanwhile, the CEO apologized for delays in delivering its balance sheet...

Hyperinflation in Venezuela is estimated to have reached a boggling 1.3 million percent in 2018. To reconcile runaway prices, the wealthy and the technologically savvy have turned to the stock market and cryptocurrency. Venezuela’s Deteriorating Economy Turns People to...

Venezuelans have taken to Bitcoin for liberation as the country struggles with runaway inflation. The transition serves as a testament to BTC’s core value. Venezuela is in economic ruin. Corruption, a collapsing oil industry, and ill-conceived socialist policies have...

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next...

The Venezuelan government announced via Twitter on Monday that its controversial Petro cryptocurrency is now on sale to residents of the country via the official government portal. #Enterate || El Petro podrá ser adquirido por personas jurídicas y naturales...

The thousands of people trying to get out of Venezuela will soon have another hurdle in their path: the inability to buy a passport without enough of the country’s new cryptocurrency Petro. Thousands Trying to Leave The economic crisis...

On Monday, Oct. 1, Venezuelan President Nicolas Maduro announced the official launch of the country’s official cryptocurrency, called Petro, alongside the release of the Spanish-language white paper for the coin. From #05Nov, Venezuelans will buy Petros for Bolivar Soberano....

The term “government-issued” cryptocurrency is paradoxical. The core tenets of cryptocurrencies — decentralized ledgers and trustless cryptographic payment clearance — are antithetical to government control over value transfer. Officially sanctioned government issued cryptocurrencies are increasing in number, however. Sweden,...