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Tag: bolivars

Venezuela’s Petro Cryptocurrency to Cease Operations

The Venezuelan government has officially announced the cessation of its national cryptocurrency, the Petro (PTR), effective January 15, 2024. Launched in 2018, the Petro...

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As Venezuela’s economy regresses, crypto fills the gaps

By Brian Ellsworth CARACAS (Reuters) - Venezuelan food delivery driver Pablo Toro has no stake in cryptocurrency or blockchain, but indirectly uses digital...

How Cryptocurrency Is Protecting Venezuelans From Hyperinflation

Bitcoin, Dash, Reserve, EOS, Ether on the road to national adoption in Venezuela

Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval

Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.

Bitcoin vs. Altcoins: A Lopsided Battle

Investors often ask me why I focus so much on bitcoin instead of altcoins. I get why people ask this question. Bitcoin is already...

Interest in Bitcoin Spikes Worldwide During COVID-19 Crisis

The demand for cryptocurrency in certain countries is growing amid the COVID-19 pandemic. Bitcoin (BTC) peer-to-peer trading volume in Argentina, Chile, Venezuela and...

Venezuela-Based Valiu Develops “Cryptodollar” to Combat Inflation

Valiu, a cross-border remittance startup based in Columbia, has recently launched a synthetic US dollar backed by Bitcoin. This was developed in a...

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezuelans to access stable assets and bypass the...

Binance Latam Lists Bolívar Amid VE’s Struggling National Economy

On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer-to-peer trading platform against BTC,...

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the...

Maduro Orders Venezuelan Bank Closures Amid Coronavirus Scare

In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves....

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