Venezuela Crypto News
Learn about the latest Venezuela blockchain news, events, and companies from CryptoSlate, a leading destination for cryptocurrency and blockchain news.
Venezuela cut off power to Bitcoin (BTC) mining plants despite legalization
Regional authorities suspended the power supply to Bitcoin miners, shutting down all registered operations in the industrial state.
These countries are leading Bitcoin adoption, and it’s not the US
The current economic superpowers would have been a surefire bet some years ago to lead blockchain and cryptocurrency adoption in the world.
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.
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.
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.
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]
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 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.
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.
Venezuelans Trade Bolivars for Bitcoin Amidst Runaway Inflation
Venezuelans have taken to Bitcoin for liberation as the country struggles with runaway inflation.
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’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.
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.
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.
The Beginning of the End for Fiat Currency: Government-Issued Crypto Gaining Traction Worldwide
The term “government-issued” cryptocurrency is paradoxical.
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 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.