カテゴリー: Nicolas Maduro

Venezuelan Government Launches Cryptocurrency Remittance Service

Venezuelan Government Launches Cryptocurrency Remittance ServiceThe government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction. Also read: SEC Chair Explains Key […]

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Venezuelan Government Launches Cryptocurrency Remittance Service

Venezuelan Government Launches Cryptocurrency Remittance ServiceThe government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction. Also read: SEC Chair Explains Key […]

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Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

Maduro's Petro Becomes More Accessible, but Scrutinized by VenezuelansFor a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who […]

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Venezuelan Explains How Bitcoin Saves His Family

Venezuelan Explains How Bitcoin Saves His FamilyAs the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval […]

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Venezuela’s BTC Trading Volumes Hit Record Highs as Crypto Regulations Commence

Venezuela’s BTC Trading Volumes Hit Record Highs as Crypto Regulations CommenceAs Venezuela begins regulating cryptocurrency, BTC trading volumes in the country hit record highs on several exchanges. Amid fast-growing crypto adoption, peer-to-peer trading platforms such as Localbitcoins and Paxful have reported significant increases in the number of BTC traded in Venezuela. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Record BTC […]

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Cryptograffiti’s Latest ‘Running Bitcoin’ Portrait Sees Auction Bids of Over $30K

Cryptograffiti's Latest 'Running Bitcoin' Portrait Sees Auction Bids for Over $30KIn roughly three days, on Feb. 7, Cryptograffiti’s latest art auction on Bitify will come to an end. “Running Bitcoin,” a tribute to the legendary cryptographer Hal Finney, currently has a bid of $31,000 at the time of writing. Over the past few months, Cryptograffiti has been creating very interesting pieces and unique auctions that […]

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Bank’s Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for Bitcoin

Bank's Refusal to Release $1.2B of Venezuelan Gold Strengthens the Case for BitcoinVenezuela’s economic crisis is impossible to ignore. President Nicolás Maduro’s attempt to withdraw $1.2 billion of the country’s own gold from the Bank of England (BoE) has been rejected. The notion of a sovereign state being denied access to its own wealth is a concept that’s hard for bitcoiners to countenance. One thing is certain: the case […]

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Tidbits: Jesse Powell Criticizes Custodial Ownership, Simon Dixon Slams the Banking System

Jesse Powell Explains Gold Ownership, Simon Dixon Criticizes Banking SystemTidbits is a roundup of talking points from across the cryptosphere. Today, Jesse Powell and Samson Mow both voice their opinions on the custodial ownership of assets through trusted, third parties. Paul Sztorc shows the Bitcoin community that forks are not as frequent as they think and Simon Dixon breaks down his three problems with the […]

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Venezuelan President Raises Petro’s Value Again in Bid to Create ‘New System’

Venezuela President Raises Petro's Value Again in Move to Create 'New System'For the second time in a little over a month, Venezuela’s president Nicolas Maduro has hiked up the value of the national cryptocurrency, the petro, this time to 36,000 sovereign bolivars. The move has again been met with criticism.  Also read: Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It ‘A New Monetary System’ […]

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Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It

Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]

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