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María Corina Machado, Venezuelan opposition leader, discusses Bitcoin as a "vital means of resistance" for Venezuelans suffering from hyperinflation under the Chávez and Maduro regimes.
Opposition leader María Corina Machado proposed adding Bitcoin to Venezuelas reserves for a new era led by Edmundo Gonzalez.
Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest. CANTV, Venezuela’s state ISP, enforces the blockade as part of a crypto crackdown. President Maduro accuses Elon Musk of inciting protests and violating laws. In a significant move amidst ongoing political unrest, the Venezuelan government has imposed a blockade on several major online platforms, […]
The post Venezuela restricts access to Binance and X amid election unrest appeared first on CoinJournal.
After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
Cryptocurrency remittances to Venezuela have increased dramatically in the last year, reaching over $460 million. In general, the country’s remittances have increased as a result of the large number of migrants caused by the severe economic circumstances. Crypto adoption has been on the rise in Latin America and other regions
Venezuelan opposition leaders call for stricter crypto sanctions as Maduro's government uses digital assets to bypass restrictions.
This move follows a recent crackdown involving the confiscation of 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.
PDVSA's adoption of USDT has surged since the U.S. reinstated sanctions amid concerns about Venezuela's upcoming election.
Venezuela's state-owned oil company is using Tethers USDT the industrys largest dollar-backed stablecoin to skirt new US sanctions.
In response to the harsh U.S. sanctions, Venezuela’s state-run oil firm PDVSA has reportedly taken further steps to diversify its revenue streams away from traditional fiat currency and toward digital assets such as Tether (USDT). The United States Department of the Treasury requested last week that all PDVSA users and
The Venezuelan government is once again turning to crypto to circumvent US sanctions, this time, in its oil and gas sector.
The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were eliminated or blocked. Venezuelan Petro Blockchain Halted The blockchain of [...]
The post Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked appeared first on Crypto Breaking News.
Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a [...]
The post Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates appeared first on Crypto Breaking News.
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.
National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning [...]
The post National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes appeared first on Crypto Breaking News.
Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT and Tether [...]
The post Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia appeared first on Crypto Breaking News.
Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA. (Read More)
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 the current international economic system, and Venezuela integrates the Russian
The post Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’ appeared first on BTC Ethereum Crypto Currency Blog.
According to TradingView data, BTC price changes have been concentrated around annual highs. The price of bitcoin held steady over the weekend as attention was drawn to geopolitical developments in Russia and its neighboring countries. As the day went on, tensions decreased, but interest in how the markets would respond on June 26 at the […]
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