Category: Venezuela

The Demand for Permissionless Freedom Is Just Getting Started

The Demand for Permissionless Freedom Is Just Getting StartedEvery year the world seems to be getting crazier and more people are starting to realize that it stems from oppressive government transgressions against a peaceful society. The world has noticed millions of people from France, Hong Kong, Venezuela, Indonesia and more are rising up because citizens are sick and tired of the manipulation. Because […]

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How Fiat Money Fails: Deconstructing the Government’s Paper-Thin Promise

How Fiat Money Fails: An Overview of Government's Paper-Thin PromiseFiat money has a surprisingly short lifespan. The almighty U.S. dollar currently serving as world reserve currency is not exempted, in spite of all proclamation that it cannot fail. Throughout history, fiat money has failed over and over again, where sound assets like gold have survived. Ruling out acts of god and unforeseen circumstance, the […]

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Street Artist Pascal Boyart Helps Venezuelan Creators Earn Crypto

Street Artist Pascal Boyart Helps Venezuelan Creators Earn CryptoCrypto-passionate street artist Pascal Boyart, well known in the space for being the first artist in his style to affix Bitcoin QR codes to his work, is now helping Venezuelan muralists and creators earn crypto. The Paris-based “Pboy,” also famous for hiding BTC in his graffiti-meets-classic-art murals, has teamed up with local organization Satoshienvenezuela, creating […]

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Food, Shelter and Clothing: Bitcoin Cash Charities Making a Global Impact

Food, Shelter and Clothing: Bitcoin Cash Charities Making a Global ImpactEatbch, the unique charity movement providing assistance in the form of community-delivered meals fueled by Bitcoin Cash, continues to serve Venezuela and South Sudan, and is now expanding its connections. The South Sudan Eatbch group just announced they are working with local activists to help shelter and provide for orphans, while across the ocean another […]

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Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash

The Benefits of Bitcoin Cash Shown to Over 200 Venezuelan TaxisA man named Oscar Salas recently spoke about his quest to spread bitcoin cash (BCH) adoption on episode 34 of the Bitcoin Cast show. Salas explained in great detail how he is a passionate BCH supporter and the organizer of the Maracaibo city BCH meetup. Following his interview a few days later, Salas and his […]

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Latin American Payment App Mercado Pago Can Be Topped-Up With Crypto

Latin American Payment App Mercado Pago Can Be Topped-Up With CryptoThe Atlanta-based blockchain payment provider Bitpay has announced the firm has partnered with Mercado Livre, one of the largest ecommerce providers in Latin America. The collaboration provides people with the ability to purchase Mercado Livre gift cards with cryptocurrencies such as bitcoin cash (BCH), and BTC. Also read: Crypto Terminals Offer Venezuelans a Bridge to […]

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VERDAD is the Most Dangerous Crypto Bill to Face Congress Yet

VERDAD is the Most Dangerous Crypto Bill to Face Congress YetThe U.S. Congress is considering more than 20 bills on cryptocurrency. One deserves special attention: S.1025, the Venezuela Emergency Relief, Democracy Assistance and Development Act (VERDAD). “Verdad” is Spanish for “truth.” If VERDAD passes, it will be the first time a specific crypto has been deemed illegal for Americans at home or abroad to use. […]

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Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

Venezuelans Don't Trust Their Currency - They Want Something Else, Says ActivistThere’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency […]

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Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades InitiatedThree months ago, Bitcoin.com launched its over-the-counter BCH marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of BCH trade offers. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed 56,000 Local.Bitcoin.com Accounts and Growing Over the last few months, the […]

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Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential

Venezuelans Fighting Economic Hardships Discover Crypto's True PotentialFor quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to […]

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Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels

Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant LabelsThe recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean […]

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Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The […]

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Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up

Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto. The situation also calls into question the long-term trajectories of other, less volatile economies. National banks globally have been consistently struggling to […]

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Venezuela Issues 50,000 Bolivar Bill Amid Persistent Hyperinflation

Venezuela Issues 50,000 Bolivar Bill Amid Persistent HyperinflationVenezuelans are used to their currency costing less than the paper it’s printed on. Economic misfortunes and political upheaval place their country at the bottom of all inflation charts, year after year. The latest incarnation of the national fiat, Bolívar Soberano, has succumbed to the illness of all previous emissions – rapid depreciation. The government […]

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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders WorldwideSix days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide. Also read: G20 Starts Crypto Discussions – A Look at […]

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Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash

Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin CashFor years Venezuelans have been surviving the harsh economic climate of their country, beset by hyperinflation and political instability. Small businesses have been hit the hardest. But even in these difficult conditions, the ingenuity and hard work of Venezuelan entrepreneurs has allowed them to provide food for their families and services to their communities. Many […]

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There’s 100 Unclaimed Bitcoin Cash Wallets Hidden Worldwide

There's a Hundred Unclaimed Bitcoin Cash Wallets Hidden WorldwideOver the last few months, the geocaching treasure hunt Findbitcoin.cash has gathered a bunch of new hidden BCH treasures. At the time of publication, there are approximately 105 concealed bitcoin cash wallets hidden all over the world with a large portion of these funds hidden in the U.S. and Australia. Also read: Bitcoin.com’s Local Bitcoin […]

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Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin CashVenezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among […]

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Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos

Countries Suffering from Rapid Inflation Show Significant Demand for CryptosCryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]

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Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

Crypto Adoption Remains Strong in Venezuela Amid Political ChaosThe political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]

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OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela's PetroLast February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and […]

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Darwinos Burger Joint Hosts Colombia’s Second Point of Sale and Crypto ATM

Three months, ago news.Bitcoin.com reported on Panda Exchange launching a hybrid point-of-sale (PoS) and cryptocurrency ATM in Bogotá, Colombia. Since then, the Panda team has also helped Athena Bitcoin install a crypto ATM in Cúcuta, Colombia to serve as a crypto gateway for Venezuelans. On April 17, Panda announced the installation of its second digital […]

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Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?

Is the Dollar Era Under Threat?As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to […]

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Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide BlackoutVenezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

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