Venezuela News

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). 

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

Crypto wallets on the Patria website will cease operations on Jan. 15, with the remaining Petro converted to bolivar, the country's fiat currency.

A recent report from Chainalysis illuminates this grassroots crypto adoption across Latin America. Brazil, Argentina, and Mexico have emerged as leaders.

A Venezuelan oppositioner Leopoldo Lopez praised crypto as a tool to overcome censorship but also addressed its dependency on corrupted banks. As Venezuela struggles with a humanitarian crisis, crypto has become a vital tool for many Venezuelans seeking to preserve…

The accounts of consumers with connections to cryptocurrency trading, particularly those connected to peer-to-peer (P2P) transaction activity, have caught the attention of Venezuelan banks.

Infura and MetaMask have rectified the blanket ban it erroneously placed on Venezuelan users in an attempt to function in compliance with the United States sanctions program.

Venezuela could soon have new bitcoin ATMs from Bitbase long after Cryptobuyer's stopped functioning. Bitbase is in talks with the Venezuelan government and financial institutions to install these machines. The ATMs are set to offer investors a chance to safely access BTC as crypto adoption increases there.

Venezuela’s leading aviation academy, Caracas Air, is now accepting BTC payments, as announced by CEO Oliver Laufer on Twitter. However, there’s a catch, those opting for this new payment method will receive discounts. Road to Success The company started in…

Opposition leaders in Venezuela have joined forces to skirt Maduro’s controls and allow medical health workers in the country receive donations in crypto tokens, a Fox News report on Dec 25 shows. The USDC Distribution Initiative In a ravaged economy, opposition leaders…

Venezuela Blockchain, an organization that claims to be focused on driving a new economy in Venezuela powered by cryptocurrency and distributed ledger technology (DLT), has joined forces with Ontology (ONT), the high-performance blockchain network for enterprises. The partnership is aimed…

The daily Bitcoin (BTC) trading volume of Venezuelan peer-to-peer (P2P) exchanges has been on the rise over the past two weeks, as President Nicolas Maduro has ordered the nation to go into quarantine as part of measures to contain the…

Venezuela’s President Nicolas Maduro says Petro — the state-issued crypto, will be a major focus of the country’s government in 2020. Despite previous attempts to promote utility for the national cryptocurrency, public tokens like Bitcoin (BTC) and Dash are seeing…

As hyperinflation continues to ravage the Venezuelan economy, President Nicolas Maduro has hinted that the Christmas bonus of retirees and pensioners in the country will be paid in petro (PTR), Venezuela’s national crypto. This according to a tweet by a…

Dash is one of the lesser recognized privacy coins but has exhibited some of the strongest use cases and adoption metrics. Despite more popularity residing with ZCash and Monero, Dash has progressed incredibly well. Cryptobuyer, a Latin American exchange and…