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Chainalysis
These countries are leading Bitcoin adoption, and it’s not the US
Shaurya Malwa · 6 months ago · 2 min read · Insights via Chainalysis ![Venezuelans are paying an average $1,980 premium on LocalBitcoins [UPDATED]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2020/01/bitcoin-grow.jpg&w=180&h=94&q=75)
Bitcoin › Venezuela › Analysis
Venezuelans are paying an average $1,980 premium on LocalBitcoins [UPDATED]
[Note: this article has been updated for accuracy] The average price of BTC on LocalBitcoins Venezuela is $1,980 above the Coinmarketcap spot price, likely making the stricken South American economy one of the world’s most expensive markets for Bitcoin.
Bitcoin · Ethereum › Venezuela › Adoption
Venezuela could hold BTC and ETH in its international reserves
The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves.
Guest Post › Venezuela › Opinion
What the Venezuelan crisis teaches us about cryptocurrency privacy
Amidst hyperinflation, a leadership crisis, and international interference, Venezuela’s crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it.
Guest Post › Venezuela › Analysis
Is cryptocurrency the fuel for civil war in Venezuela?
Venezuela, located in the heartland of Latin America, is one of the most oil-rich countries in the world.
![CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2019/02/dash-venezuela-ceo-cover.jpg&w=180&h=94&q=75)
Dash › Venezuela › Adoption
CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]
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 › Venezuela › Rumors
Dash Venezuela Team Issues a Response to Embezzlement Accusations against Dash Merchant Venezuela
Eugenia Alcalá, the CEO of Dash Venezuela, issued a statement following embezzlement accusations against Dash Merchant Venezuela, a separate Dash-funded organization.
Bitcoin › Venezuela › Adoption
Venezuela Could Set New Precedent for Bitcoin as a Medium of Exchange
Hyperinflation in Venezuela is estimated to have reached a boggling 1.3 million percent in 2018.
Bitcoin › Venezuela › Adoption
Venezuelans Trade Bolivars for Bitcoin Amidst Runaway Inflation
Venezuelans have taken to Bitcoin for liberation as the country struggles with runaway inflation.
Venezuela › Adoption
Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019
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 year as a unit of account for Venezuelan oil.
Venezuela › Adoption
Venezuela’s Petro Coin Now on Sale to Residents
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.
Venezuela › Adoption
Crypto Will Soon be the Only Option for Venezuelans Looking to Buy a Passport
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.
Venezuela › Adoption
Venezuelan President Nicolas Maduro Announces Launch of Country’s ‘Petro’ Cryptocurrency, Availability Date
On Monday, October 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.
Venezuela › Adoption
The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide
The term “government-issued” cryptocurrency is paradoxical.
Venezuela › Adoption
Venezuela: Petro Cryptocurrency Becomes National Unit-of-Account
The cryptocurrency situation in Venezuela received a push on Tuesday, August 14, after President Nicolás Maduro announced that the state-issued Petro token is legally a unit-of-account in the crisis-stricken country, ABC International reports.
Coinbase › San Francisco · Venezuela › Exchanges
Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?
Initially revealed on August 2, 2018, several Venezuelan Coinbase users abruptly lost the ability to withdraw or send cryptocurrency, prompting speculation that the exchange may have its hands tied by US-Venezuela sanctions.
Bitcoin › Venezuela › Adoption
Bitcoin’s Defense Against Fiat Hyperinflation
The advice from Wences Casares to those wanting to be a millionaire is to take 1% of what you own, buy Bitcoin, then wait 5-10 years.
India · Venezuela › Adoption
Venezuelan Government Offers India a 30% Discount on Crude Oil, However, There’s a Catch
In the midst of Venezuela’s ongoing economic crisis, President Nicolas Maduro has taken yet another controversial step to promote the nation’s very own blockchain-based cryptocurrency, Petro, by offering the Indian government a 30% discount on crude oil prices ‘if’ the Southeast Asian nation agrees to make the exchange via Petro tokens.
Venezuela › Regulation
Venezuelan Government Declares Petro as Legal Tender
As per Venezuelan newspaper, the Official Gazette, all government institutions are now required to accept Petro as legal tender.
Venezuela › Regulation
President Trump Prohibits US Exchange of Venezuelan Cryptocurrency Petro
Donald Trump is the first sitting United States President to place a ban on a cryptocurrency.
![Venezuelans are paying an average $1,980 premium on LocalBitcoins [UPDATED]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2020/01/bitcoin-grow.jpg&w=308&h=162&q=75)
![CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2019/02/dash-venezuela-ceo-cover.jpg&w=308&h=162&q=75)
