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Elon Musk accepts challenge to fight president of Venezuela
1.8.2024
After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV
Justin Sun Offers to Host Musk vs. Maduro Fight in Grenada
1.8.2024
In a surprising turn of events, Tron founder Justin Sun has announced that the highly anticipated fight between Elon Musk and Venezuela’s President, Nicolás Maduro, could take place at the Grenada National Stadium. Sun, who was appointed as Grenada’s Ambassador and Permanent Representative to...
Venezuela's Election Body Says Nicolas Maduro Relected President, Opposition Claims Victory Too: Reports
29.7.2024
The opposition too has claimed victory in a nation where the dependence on crypto is fueled by multiple crises
Venezuela Likely to Keep Using Crypto to Bypass New Set of US Sanctions
17.6.2024
According to Venezuelan dissidents and cryptocurrency analysts, the government of Venezuela is likely to keep using crypto to bypass the returning sanctions on oil and gold activities. Even when Nicolas Maduro’s administration seems to have been affected by corruption cases involving crypto...
Venezuela Ends Controversial Petro Cryptocurrency: Reports
15.1.2024
Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports
Venezuelan Petro Reportedly on the Brink of Liquidation
13.1.2024
According to local sources, one of the first state-backed cryptocurrency assets, the Venezuelan Petro, would be facing an imminent liquidation. Asonacrip, a national cryptocurrency association, reported having information about the upcoming liquidation process, including the automatic exchange...
Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
28.8.2023
Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called to establish alternative settlement systems using...
Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS
7.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join BRICS, and Trubit launches Pix payment integration...
Venezuela Presents Official Request to Join BRICS
5.8.2023
The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part...
Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention
18.7.2023
The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil...
Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’
26.6.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam and the Caribbean is picking up, Lula criticizes...
Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push
24.6.2023
The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being...
Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported
22.6.2023
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.
Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed...
Reports Indicate Venezuela Is Preparing to Liquidate the Petro
16.6.2023
According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion...
Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar
1.6.2023
Luiz Inacio “Lula” Da Silva, President of Brazil, remarked on the need to retake South American integration mechanisms through the Union of South American Nations (USAN). Lula also proposed to shift away from the U.S. dollar by using a standard reference currency for bilateral...
Venezuela Seeks to Regain Control of More Than $1.8 Billion in Gold After Interim Government Dissolves
25.5.2023
The government of Venezuela is seeking to regain control of more than $1.8 billion in gold deposited in the vaults of the Bank of England. Officials of Maduro’s government appealed to the London Court of Appeals that the destitution of Juan Guaido, the former interim president, could affect...
Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%
23.5.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest rates to close to 100%, and Brazil breaks the U.S....
SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements
22.5.2023
The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking second place according to data from the Society...
Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push
19.5.2023
Venezuelan President Nicolas Maduro has announced that Venezuela will shift away from using U.S. dollars in trade, emphasizing that the de-dollarization process is “inevitable.” He described: “This is the path of Venezuela and the path of a free economy where currencies are not used...
How Crypto Ended Up at the Center of a Potential $20 Billion Internal Corruption Scandal in Venezuela — Bitcoin Mining Shutdown Results
24.3.2023
The establishment of sanctions by the Trump administration towards PDVSA, the state oil company in Venezuela, reportedly forced the hand of the government in the country to find alternative means of payment for crude oil. According to reports, more than $3 billion are missing from these payments...