BCH House Venezuela, an adoption organization, has published its first documentary on social media, where it shows the way in which Venezuelans are using cryptocurrency as a means of exchange. Roberto García, the founder of this initiative, shows us the level of adoption the BCH House initiative has reached in Barquisimeto — a city in […]
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Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
The cryptocurrency-powered video game Axie Infinity is seeing strong uptake in Venezuela, where some players are making enough money to feed their families – against the backdrop of a quadruple-digit inflation rate that’s the highest in the world.
Venezuelans promised Axie Infinity scholarships for crypto training courses
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.
Crypto Exchanges & Bitcoin Price Trackers Among Venezuela’s Most-Visited Websites
The Venezuelan President Nicolás Maduro and his cohorts have long banged the drum about creating a “crypto-powered economy” – but it appears that either the message has got through to citizens, or Venezuelans have been adopting crypto of their own accord.
Per monthly web traffic data from SimilarWeb and Alexa, some of the most-visited websites in the country are now crypto gaming sites, exchanges and crypto price trackers….
Read More: Crypto Exchanges & Bitcoin Price Trackers Among Venezuela’s Most-Visited Websites
Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners
A Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the […]
Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mining Operation
Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and personnel from Sunacrip. […]
Bitcoin Daily: Venezuela's Simon Bolivar Int'l Airport to Accept Crypto for Flights; BitPay, Wix to Team on Crypto Payments
Simón Bolivar International Airport, which is Venezuela’s largest airport and also known as Maiquetía, will add bitcoin, Dash and Petro as payment options for clients buying tickets, CryptoPotato reported. Petro is a Venezuelan government-issued digital asset. Airport Director Freddy Borges said in the report that the idea is to make payments more modern and universal. […]
Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela
Travelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near future. According to statements made by Freddy Borges, Director of the Maiquetía International Airport, the institution would be working to include cryptocurrencies such as dash, bitcoin, and the national petro as supported currencies in the airport’s payment system. Airport to […]
New Venezuela’s Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.
Venezuela Slashes Six Zeroes off Its Currency, Bolivar Keeps Losing Ground Against the Dollar
The Central Bank Of Venezuela applied the announced redenomination plan for the national fiat currency, the bolivar on October 1. This redenomination implied slashing six zeroes from the currency, to make payments and currency handling easier, according to earlier statements. However, just hours after applying this measure, the bolivar lost more than 20% of its […]