Tag Archives: Venezuela

10May/19

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

The 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 situationRead More…

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22Apr/19

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

Last February, news emerged on Venezuelan’s 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 fromRead More…

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02Apr/19

Russian Banks Join Chinese Swift – 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 makeRead More…

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15Mar/19

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Venezuelans 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 toRead More…

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14Mar/19

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctionsRead More…

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