Cryptocurrency News
Many people outside of Venezuela still don’t take the Petro cryptocurrency all that seriously. Even local residents are getting annoyed, according to one Reddit user. There have always been many questions regarding Venezuela’s Petro cryptocurrency. The Imminent Collapse of Venezuela’s Petro? Initially, it was said to be valued at $60. […]
There appears to be a lot more to Venezuela’s cryptocurrency plans than immediately met the eye. While the Petro isn’t doing too great, it now appears that cryptocurrencies have been abused by President Nicolas Maduro. Most people in Venezuela have no love lost for their own president. Maduro Faces Even […]
Venezuela’s native Petro cryptocurrency has not been too successful so far. A new tax reform may help shake things up, yet it isn’t good news for actual cryptocurrencies. The Petro has not lived up to the expectations from day one. Another Futile Attempt to Promote the Petro A cryptocurrency pegged […]
The financial situation in Venezuela remains subject to plenty of speculation. On Reddit, one user claims how residents are selling their Petro holdings at a 50% discount. It is often difficult to distinguish truth from fiction when it comes to Venezuela. Selling the Petro in Venezuela The country has remained […]
When it comes to cryptocurrencies, no stone should be left unturned. That applies to both individuals and entire nations alike. Venezuela, a country known for its rather hostile approach to Bitcoin, might be on the brink of openly embracing the world’s leading cryptocurrency. The national central bank is conducting surveys […]
Inflation is a very problematic financial situation which is often underestimated. Anyone who never had to deal with such a problem can’t fully grasp the consequences. In the case of Venezuela, things continue to grow progressively worse. The country is dealing with an inflation rate of 62.5, which is absolutely […]
Well, well, well… It looks like the father of crypto might be getting some of its edge back. After weeks of meandering through the $3,400 range, bitcoin is back up to $,3600, marking a $200 spike during a time when price swells were considered a thing of the past. While […]
There have been numerous concerns regarding Venezuela’s national cryptocurrency. Although this currency has the support of President Maduro, a lot of experts doubt it will ever amount to anything. Despite the overwhelming controversy, the Petro will commence trading on six cryptocurrency exchanges moving forward. Another Dubious Petro-related Development Ever since […]
Most of us probably don’t have the highest opinion about Venezuela due to all of the bad press we have heard about the place over the years. However; the country has put a large number of their national assets into a token they hope will become all the rage, but […]
Dash is gaining traction throughout the world and, in particular, in developing countries where governments are failing the people. In fact, of the over 3,000 merchants that are listed on DiscoverDash.com, approximately half of them are in Venezuela. This is no coincidence. When people cannot use or rely on their […]
Iran’s national cryptocurrency will be backed by the country’s fiat currency, the rial, and will be distributed in two phases, first as an interbank token and secondly for retail payments. These are some of the features of the digital currency that were revealed by the Informatics Services Corporation (ISC), an […]
Many people inside the cryptocurrency community spend extended periods of time in front of their computers. When they do take a break and step out into the real world, they often have a hard time explaining what they do. The very words “cryptocurrency” or “blockchain” often provoke ill-concealed smirks or outright […]
It is a commonly (but not universally) known fact that the ultimate supply of Bitcoin is capped at 21 million. Unfortunately the same cannot be said for the Venezuelan Bolivar, which is going through a period of currency debasement every bit as bad as the events in Weimar Germany which […]
Addressing the financial situation in Venezuela will pose many challenges. Cryptocurrencies are still in the best position to make a meaningful impact in this regard. The Center for Strategic and International Studies is thinking along the same lines. Venezuela Needs Cryptocurrencies to Survive The financial struggles taking place in Venezuela […]
The possibilities and ambitions of blockchain are endless and wildly exciting. The emerging tech has huge potential to massively change lives across the globe. However, along with looking into the future, it’s important to keep track of the past and present. It’s often overlooked, but there are already numerous groups […]
Venezuela is a country which makes a lot of headlines, though not for the right reasons. Cryptocurrency has slowly begun making an impact in this country, even though it remains to be seen how successful all of these efforts will be. For the Dash team, Venezuela will remain an important […]
A few days ago, an interesting story began to surface on Reddit. It was explained that a 0.5 NANO donation was worth more than the average monthly wage in Venezuela. That story has evolved in a positive direction, as the user receiving a donation in that amount successfully bought over 100 […]
The financial situation in Venezuela looks anything but impressive. Financial hardship has become the new normal in this part of the world. It is still believed cryptocurrency will have a positive impact, although it may not be in the form of Bitcoin or even the Petro. Instead, it appears Nano […]