Bitcoin Blockchain and Cryptocurrency News Center
Crypto mining can harm the country’s electricity distribution, says a Venezuelan minister. Venezuelan Minister of Habitat and Housing Ildemaro Villarroel announced today that crypto mining operations won’t be allowed in any state-owned housing or neighborhoods that are part of the “Gran Misión Vivienda” project (Great Home Mission). During an official speech on July 15, Villaroel stated that […]
Venezuelan leader Nicolas Maduro was sworn in for a second term on Jan. 10, amid tremendous hyperinflation, long-lasting political and economic crisis, and strict sanctions imposed by its former partner and oil purchaser: the United States, the CoinTelegraph reported. Since Maduro first took office in 2013, Venezuela has faced several brutal riots, including the “Mother of All Marches” in […]
The CEO of KFC Venezuela, Antonio Sampayo, has denied a recent announcement that it will start accepting major altcoin Dash (DASH), Spanish language crypto media Criptonoticias reports Monday, Dec. 10. Sampayo explained that KFC had discussed a crypto-related test with Dash, but the contract has not yet been finalized. He also said that processing payments with Dash “is not a […]
Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. According to the Caracas Chronicles, an English-language politics and economics blog based in the country, the government has recently been taking the bolivars (the country’s current fiat currency) paid to its elderly residents and automatically swapping them for petros. Normally, a pensioner would […]
Venezuela’s President Nicolas Maduro has announced that the price of the petro, his country’s national “cryptocurrency,” has been increased from 3,600 sovereign bolivars to 9,000. While the wallet for the petro is still unavailable, the Venezuelan government continues to sell the digital currency and issue certificates of purchase to buyers. Price Hike for Petro Maduro […]
As news.Bitcoin.com announced, the government plan to counter economic sanctions is coming into force in Venezuela after parliament passed a law on crypto asset regulation. The law, originally proposed by the country’s leader Nicolás Maduro, gives legal effect to the petro, Venezuela’s multi-asset-backed digital currency. ‘Breaking Financial and Commercial Blockade’ In a statement released by the country’s […]
The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts […]
As the CoinDesk announced on November 9, Venezuela is hoping the world’s oil markets will start using its controversial national cryptocurrency, the petro. Manuel Quevedo, the country’s minister of petroleum and the president of state-owned oil company PDVSA, announced in a tweet on Wednesday, that Venezuela will take petro to the Organization of the Petroleum Exporting Countries […]
Venezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report. Six Websites Authorized to Sell Petro The Venezuelan government has authorized six websites it claims are […]