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Colombian Cryptocurrency Project Kmuschicoin Gains Popularity as Adoption on Local Stores Grows
11.3.2021
A Colombian entrepreneur has joined forces with a Venezuelan teenager to launch a cryptocurrency in Boyacá, Colombia. The region is now known in the local crypto industry as the home of the most popular emerging local crypto in the country. Over 5,000 People From Other Countries Currently Hold...
Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro
16.1.2021
The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.” 77% of Trade Transactions in Venezuela...
Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro
22.12.2020
The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR). Petro Is Gathering Strength Due to...
Millions of Venezuelans Voted via Blockchain in an Unofficial Anti-Maduro Referendum
17.12.2020
An unofficial referendum pursued by the Venezuelan opposition leader Juan Guaidó took place over the weekend in Venezuela powered by a blockchain platform, while at the same time, parliamentary elections called by the president Nicolás Maduro also had its scenario in a widely criticized...
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...
Venezuela Pays for Imports From Iran and Turkey With Bitcoin to Evade Sanctions
9.12.2020
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela...
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....
Venezuelan Retailing Heavyweight Starts Accepting Bitcoin, Altcoins
27.11.2020
Rattan Plaza. Source: A screenshot, Instagram/rattanplaza
Rattan, a popular shopping outlet in Venezuela, has become the latest retailer in the country to announce it will start accepting payments in bitcoin (BTC) and a number of altcoins.
Per a tweet from media outlet Criptolugares that...
Venezuelan Army Engineers Start Mining Bitcoin
24.11.2020
Source: A video screenshot, Instagram/ejb_61brig
Venezuelan soldiers are mobilizing. No, this is not the start of World War III – these troops are being put to work mining bitcoin (BTC) in the Nicolás Maduro regime’s latest, and possibly most audacious crypto-themed fundraising effort yet.
Per...
Venezuelan Authorities Clamp Down on Off-The-Books Crypto Pay Vendors
20.11.2020
Venezuelan tax agents on the prowl. Source: Twitter/@jdavidcabello
Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats...
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
12.11.2020
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report...
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
2.11.2020
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation...
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...
Crypto mining activities are now regulated by the Venezuelan gov
23.9.2020
But there is always a catch when it comes to Maduro’s government
Venezuelan Crypto Users Worried as Trading Options Become Limited
15.9.2020
Venezuelans are increasingly finding their options slowly reducing when it comes to choosing crypto trading platforms, with many taking to Twitter to vent their fears and frustrations.
Late on September 14, the peer-to-peer crypto exchange Paxful announced it was exiting the country, stating...
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
Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds
21.8.2020
A major win for the people of Venezuela and the fight against government corruption