Venezuela Blockchain News, Events and Companies

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These countries are leading Bitcoin adoption, and it’s not the US

Shaurya Malwa · 11 months ago · 2 min read

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.

Jonnie Emsley · 2 years ago · 2 min read

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.

Priyeshu Garg · 2 years ago · 2 min read

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.

Reuben Yap · 2 years ago · 5 min read

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.

Cal Evans · 2 years ago · 4 min read

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.

Darryn Pollock · 2 years ago · 4 min read

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.

Priyeshu Garg · 2 years ago · 3 min read

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.

Priyeshu Garg · 3 years ago · 3 min read

Venezuelans Trade Bolivars for Bitcoin Amidst Runaway Inflation

Venezuelans have taken to Bitcoin for liberation as the country struggles with runaway inflation.

Mitchell Moos · 3 years ago · 2 min read

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.

John Bogna · 3 years ago · 2 min read

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.

John Bogna · 3 years ago · 2 min read

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.

John Bogna · 3 years ago · 2 min read

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.

John Bogna · 3 years ago · 2 min read

The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide

The term “government-issued” cryptocurrency is paradoxical.

Sam Town · 3 years ago · 2 min read

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.

Shaurya Malwa · 3 years ago · 2 min read

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.

Jonnie Emsley · 3 years ago · 2 min read

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.

David Lee · 3 years ago · 4 min read

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.

Shiraz Jagati · 3 years ago · 3 min read

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.

Shiraz Jagati · 3 years ago · 2 min read

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.

Jacob Tuwiner · 3 years ago · 2 min read

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Latest Venezuela Blockchain News

Venezuelans are paying an average $1,980 premium on LocalBitcoins [UPDATED]

Venezuela could hold BTC and ETH in its international reserves

What the Venezuelan crisis teaches us about cryptocurrency privacy

Is cryptocurrency the fuel for civil war in Venezuela?

CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]

Dash Venezuela Team Issues a Response to Embezzlement Accusations against Dash Merchant Venezuela

Venezuela Could Set New Precedent for Bitcoin as a Medium of Exchange

Venezuelans Trade Bolivars for Bitcoin Amidst Runaway Inflation

Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019

Venezuela’s Petro Coin Now on Sale to Residents

Crypto Will Soon be the Only Option for Venezuelans Looking to Buy a Passport

Venezuelan President Nicolas Maduro Announces Launch of Country’s ‘Petro’ Cryptocurrency, Availability Date

The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide

Venezuela: Petro Cryptocurrency Becomes National Unit-of-Account

Coinbase Transfers Halted in Venezuela – U.S. Sanctions to Blame?

Bitcoin’s Defense Against Fiat Hyperinflation

Venezuelan Government Offers India a 30% Discount on Crude Oil, However, There’s a Catch

Venezuelan Government Declares Petro as Legal Tender

President Trump Prohibits US Exchange of Venezuelan Cryptocurrency Petro

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Venezuelans are paying an average $1,980 premium on LocalBitcoins [UPDATED]

These countries are leading Bitcoin adoption, and it’s not the US

CEO of Dash: Cryptocurrency More Than a Bolivar Hedge, It’s a Way to Survive in Venezuela [Interview]