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Tag Archives: Venezuela

Is Venezuela Shutting Down All Its Crypto Platforms?

The relationship between Venezuela and crypto has always been a bit wonky, and this month is no exception. The arrest of the nation’s superintendent of crypto assets Joselit Ramirez has caused a huge uproar in the nation, and President Nicolas Maduro has ordered the region to completely upend its digital currency regulatory agency. Venezuela Is Acting Fishy Regarding Crypto Right now, it is widely rumored that all the crypto exchanges that have been established in...

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Venezuelan BTC Miners Forced to Halt Operations Amid Anti-Corruption Investigation (Report)

The authorities of Venezuela have reportedly urged local bitcoin miners to temporarily halt operations while inspecting a major corruption scheme that could have drained up to $20 billion. People who are part of President Maduro’s inner cycle are suspected of orchestrating the crime that involved the national oil and gas company – Petróleos de Venezuela. Pausing Crypto Activities During the Investigation According to a Forbes coverage, large-scale BTC miners in Venezuela will...

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Südamerika goes Krypto: Bitcoin beliebter denn je

Bitcoin befindet sich in Brasilien auf dem Vormarsch. Auch in anderen südamerikanischen Ländern erfreuen sich Kryptowährungen zunehmender Beliebtheit. So wurden Kryptowährungen Ende 2022 als Zahlungsmittel in Brasilien legalisiert. Für viele stellt dies einen grossen Schritt dar, wenngleich es nicht zu verwechseln ist mit der Einführung von Bitcoin als offizielle Währung, wie es beispielsweise in El Salvador der Fall ist, wo Händler sogar dazu verpflichtet sind, Bitcoin als Zahlungsmittel...

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US Accuses Five Russians and Two Venezuelans of Smuggling Oil, Millitary Equipment Using Crypto

On October 19, the United States Department of Justice (DOJ) accused two Venezuelan citizens and five Russians of using cryptocurrencies to launder money for Russian oligarchs by selling oil barrels from sanctions-hit Venezuela. According to the press release, the defendants smuggled millions of barrels of oil to Russia and China, laundering “tens of millions of dollars.” They used crypto to launder part of the funds . Among the Russian defendants are Yury Orekhov, Artem Uss...

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Venezuela to Raise Minimum Wage 18-Fold By Pegging it to Half a Petro

The South American nation has seen economic struggles for years, whether prompted by hyperinflation or simply low salaries. Now, though, the president – Nicolas Maduro – announced a positive development for the locals in the form of an 18-fold increase in the monthly minimum wage. 18x Salary Increase Due to the Petro Long before El Salvador legalized bitcoin, Venezuela already had a compelling history with the cryptocurrency industry. At one point, it was among the most...

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Venezuela’s International Airport to Reportedly Accept Bitcoin Payments for Flight Tickets

Simón Bolivar International Airport, also known as Maiquetía, plans to enable customers to purchase airline tickets using digital assets. according to a recent report. Bitcoin Could Take You in The Air Local news media reported recently that Maiquetía International Airport could soon jump on the cryptocurrency bandwagon by allowing clients to pay for tickets and other services in Bitcoin, Dash, and Petro – a digital asset issued by the Venezuelan government. Freddy Borges –...

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Inflation und was Tomatensuppe damit zu tun hat

In der Büchse der Tomatensuppe der Firma Campbell befindet seit 1895 exakt dieselbe Menge an Tomatensuppe. Dies macht dieses Produkt weltweit so einzigartig und unikat. Es kommt einem auf den ersten Blick ziemlich wirr vor: Was bitteschön hat Tomatensuppe mit Inflation und Wirtschaftstheorie zu tun? Auf den ersten Blick nicht viel. Aber es ist eben superspannend: Erstens einmal ist die Verpackung legendär, retro im Stil; dennoch...

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Over 31% of People in Latin America Want to Invest in Bitcoin

Despite being an underdeveloped region, Latin America sets an example for the whole world in terms of adoption, trading, and interest in cryptocurrencies.A recent survey revealed that more than 30% of Latinos are interested in investing in crypto, either to increase their wealth or at least to maintain its value in times of economic instability.The study, commissioned by Sherlock Communications, includes a survey of more than 2,200 people in Argentina, Brazil, Colombia, and Mexico to...

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Pizza Hut Now Accepts Bitcoin and Other Cryptocurrencies in Venezuela

An endless number of economic sanctions imposed by the United States and an endless number of bad policies imposed by the Venezuelan government have led to an increasing love for Bitcoin and other cryptocurrencies in the latin american nation. This week, Pizza Hut, one of the oldest pizza chains in the country began to accept Bitcoin and other digital currencies as payment.On November 27, 2020, Pizza Hut’s customers began to have the option to pay for their orders with cryptocurrency. This...

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Venezuela Buys 71 Tons of Paper to Print More Cash

The government of Venezuela does not know what else to do to control its economy and is trying to save its financial life by doing what all the world governments are doing: printing more money… A lot of money.Sources close to the Venezuelan government revealed that the country’s Central Bank has just bought 71 tons of paper to print money. Experts believe this new batch of paper will supply the country’s demand for bills of the highest possible denomination: 100,000 sovereign Bolivars —or the...

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