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Venezuelans Use Blockchain Tech in Unofficial Anti-Maduro Referendum
15.12.2020
Nicolás Maduro. Millions of Venezuelans have reportedly taken to a blockchain-powered platform and the crypto community’s favorite chat app to vote in an unofficial referendum.
The poll was orchestrated by Venezuela’s opposition leader Juan Guaidó, a politician who has been championed by the United...
Venezuelan Government Signs Agreement to Establish Guidelines for Granting Licenses to Crypto Miners
11.12.2020
The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto mining activities across the country. Venezuelan Government...
Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions
10.12.2020
More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles...
Venezuelan army starts mining Bitcoin to make ends meet
30.11.2020
The Venezuelan army turns to crypto mining as the country's economy collapses
Venezuelan Army Starts Mining Bitcoin for ‘Unblockable Income’
30.11.2020
The Venezuelan Army has inaugurated a cryptocurrency mining center with bitcoin mining equipment aimed at generating “unblockable income,” as the country attempts to bypass U.S. sanctions. The crypto mining center has the support of the country’s crypto regulator, Sunacrip....
UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England
6.10.2020
The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela. Court Rules in Favor of Central Bank of Venezuela...
Venezuela’s State-Run ‘Defi’ Crypto Exchange Goes Live After Maduro’s Anti-Blockade Speech
3.10.2020
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means...
Venezuela Rolls Out Ethereum-Based Stock Exchange to Help Skirt US Sanctions
2.10.2020
The blockchain-based exchange comes as part of new measures announced by President Nicolas Maduro in a big to sidestep tough U.S. sanctions
Venezuela To Start Using Cryptocurrency in Global Trade in Efforts To Fend off U.S. Sanctions
1.10.2020
Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U.S. economic sanctions. Speaking in the country’s parliament on Sept. 29, Maduro revealed that the move will “give...
Maduro to Allow Use of ‘All Global Cryptos’ in International Trade Deals
1.10.2020
Nicolás Maduro. Venezuelan President Nicolás Maduro has spoken about a new bill that proposes to legalize the use of crypto in international trade deals – as a means of circumnavigating crippling economic sanctions placed upon the country by the USA and its international allies.
The Venezuelan...
Maduro claims crypto will play role in fighting sanctions against Venezuela
30.9.2020
Crypto garnered another mention in one of Maduro's bombastic speeches
P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions
16.9.2020
Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U.S. economic sanctions against the leftist government of disputed president Nicolas Maduro. On Tuesday, a Paxful spokesperson told news.Bitcoin.com that the exchange will now start...
The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes
26.8.2020
How crypto-powered Airtm is teaming with Venezuela’s opposition government to distribute $18 million in funds the U.S. seized from the Maduro dictatorship, featuring Airtm CEO Ruben Galindo
Venezuela Blocks Opposition From Disbursing $18 Million To Health Workers via Bitcoin Exchange Airtm
25.8.2020
Venezuela has blocked the main opposition from distributing $18 million worth of cash previously seized by the U.S. from the Nicolas Maduro government. The money is being dished out via peer-to-peer (P2P) crypto exchange Airtm to 62,000 healthcare workers starting Monday. However, it is not...
Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion
9.7.2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police...
UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold
3.7.2020
The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. England Denies Maduro Access...
Venezuela's Madura Shafted From Gold Storage, Self-Sovereign BTC Shines
2.7.2020
Venezuela’s Maduro just lost a ruling regarding his supposed gold ownership
US Law Enforcement Promises $5M for the Capture of Venezuela’s Superintendent of Cryptocurrencies
2.6.2020
U.S. Immigration and Customs Enforcement’s (ICE) and Homeland Security Investigations (HSI), has put out a bounty for $5 million for the arrest and conviction of Venezuela’s superintendent of cryptocurrency. Joselit de la Trinidad Ramirez Camacho is now added to America’s Most...
P2P Bitcoin Trade Volumes and Inflation in Latin America Are on the Rise
16.5.2020
During the last two months since the March 12 crypto market rout, otherwise known as ‘Black Thursday,’ demand for cryptocurrencies seems to be on the rise in certain regions in Latin America. Various reports published this week have noted that countries like Colombia, Venezuela...
Pandemic Assistance: Maduro to Airdrop Cryptocurrency to All Doctors in Venezuela
4.4.2020
Venezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency to every doctor in his country as a token of appreciation for their work to combat the coronavirus outbreak. The national cryptocurrency, the petro, will be distributed via the Homeland card (Carnet de...