Tag: venezuela
Countries Such as North Korea Use Cryptocurrency to Bypass Sanctions, Experts Warn
Bypassing economic sanctions is a difficult task. Various countries are exploring different methods in this regard. It appears Venezuela, Iran, and North Korea show a…
In Venezuela, the Petro Is a No-Show
Reuters searched extensively through Venezuela but found no evidence that the Petro actually exists. The socialist policies of Venezuelan President Nicolás Maduro continue to wreak havoc…
Petro: Venezuelan President Orders Commercial Banks to Adopt the Cryptocurrency
President Nicolás Maduro of Venezuela has mandated all local banks to accept the country’s national cryptocurrency, Petro, as a unit of account. This move is…
Venezuela’s Petro is Nefast for Cryptocurrency and the Blockhain Industry
Issuing a national cryptocurrency opens up a can of worms. Venezuela is finding this out the hard way. Their Petro cryptocurrency is not gaining the…
Dash CEO: Venezuela Has Become Our Number Two Market Amid the Country’s Hyperinflation
Crypto asset Dash is witnessing a surge of interest from residents in Venezuela as people turn to cryptocurrencies as a way of storing value amid the…
Cybercrime Center in UK Urges Crypto Enthusiasts to Beware of Fraud
Even though the price of Bitcoin is nowhere near it’s December 2017 numbers, interest in the crypto industry is still high, for both fans and…
Venezuela: Bitcoin Price Continues to Skyrocket as Country Crumbles
The price of Bitcoin is continuing to skyrocket in Venezuela due to the country’s crumbling economy and infrastructure. To say that there’s a humanitarian crisis…
First Home to Accept Bitcoin in Delaware Sells for $1.75 Million
A property in Delaware, which was the first in the state to accept Bitcoin as a payment option, has been sold for a cool $1.75…
Venezuela to Use Petro to Finance Home Building
The President of Venezuela has approved the use of the country’s cryptocurrency, the Petro, to be used to finance the building of new homes in the…
