Venezuela

Crime

US Offers $5M Bounty for Arrest of Venezuela’s Crypto Chief

The head of Venezuela's state-backed petro cryptocurrency has been added to the U.S Immigration and Customs Enforcement's Most Wanted list.

News  ·  2 June 2020
Brazil

Bitcoin in Emerging Markets: Latin America

Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.

People  ·  8 May 2020
Crime

US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto

Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.

News  ·  26 March 2020
Cryptocurrency

Venezuela’s Maduro: Airlines Must Use Petros to Pay for Fuel

The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.

News  ·  15 January 2020
Lightning Network

Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

Locha Mesh is building software and hardware for connecting to bitcoin's Lightning Network – even when the power's out.

Markets  ·  1 November 2019
Bitcoin

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.

Business  ·  29 October 2019
Exchanges

Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims

LocalBitcoins data is a starting point for research, but it isn't conclusive evidence of grassroots adoption.

Tech  ·  22 October 2019
News

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.

Markets  ·  17 October 2019
News

Venezuela’s Maduro Mandates Petro Use in Funding of Housing Project

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.

Markets  ·  20 September 2019
Dash

Venezuelan Pharmacy Chain to Accept Cryptocurrency Payments

The Farmarket pharmacy chain in Venezuela will begin accepting payments in dash using a new point-of-sale system pilot project.

Markets  ·  27 August 2019
News

PundiX’s Crypto Cash Registers Will Be Installed in 49 Retail Stores Across Venezuela

Traki department stores will integrate Pundi X’s point-of-sale device, XPOS, to offer a cryptocurrency payment rail for shoppers.

Markets  ·  22 August 2019
Cryptocurrency

Despite CEO Claims, Dash Isn’t Really the ‘Most Used’ Crypto in Venezuela

Despite wide-spread efforts and expensive advertising, Dash isn't taking off in Caracas.

Markets  ·  14 August 2019
Bitcoin

Venezuela Turned Airport Taxes Into Bitcoin to Avoid Sanctions: Report

The Venezuelan president and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.

Markets  ·  25 July 2019
News

Venezuela’s Maduro Orders Top Bank to Make Petro Available to Public

President Maduro has ordered the Bank of Venezuela to open public counters for his controversial cryptocurrency, the petro.

Markets  ·  5 July 2019
Cryptocurrency

This Artist Explores the Art and Politics of Crypto Culture

The crypto artist has worked with Dorian Nakamoto and recently expanded his reach into South America.

Markets  ·  4 July 2019