Venezuela Sets Bitcoin Trading Record With New Hyperinflated Banknotes

New currency reforms in Venezuela accompanied a decisive surge in Bitcoin trading this week, with informal markets setting new all-time highs. Bitcoin Boom As Central Bank Re-adds Zeros Data from monitoring resource Coin Dance reveals that in the seven days ending June 15, Venezuelans transacted over 46 billion sovereign bolivars (VES) on P2P Bitcoin exchange […]

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Consumers In Over 150 Countries Can Now Buy Stocks With Bitcoin –

San Francisco-based Bitcoin investment app Abra has released its service to users outside the US allowing 150 countries to buy stocks. Bitcoin-Collateralized Stocks Arrive For Consumers Abra, which launched its investing service in February, will now cater to anyone in 155 countries wishing to gain exposure to various assets including traditional stocks and exchange-traded funds […]

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Venezuela and Russia May Switch to Ruble After Trying ‘Petro’ Cryptocurrency –

Venezuela and Russia are in talks to switch over to the ruble for trade after trying the ‘El Petro’ cryptocurrency, a UN ambassador has revealed.   Venezuela and Russia ‘Currently Trying’ El Petro As Bitcoinist reported last December, Russian officials were introduced to El Petro but stopped short of confirming that it was going to be […]

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Venezuela Pro-Bitcoin Opposition May Use Maduro’s Sanctioned Funds To Oust Him

Bitcoin adoption crucible Venezuela could end up using its own sanctioned funds to topple the government if plans go ahead for an “army” of foreign mercenaries. Sources: Plans For ‘5000 Mercenaries’ As Reuters reported on April 30, Erik Prince, founder of the notorious private security contractor Blackwater, allegedly wants to use fiat currency locked up […]

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Venezuela Bitcoin Trading Record Underscores Fiat Currency Hyperinflation

Venezuela transacted more hyperinflated bolivars for bitcoins than ever before last week — but actual Bitcoin (BTC) volumes still decreased.  Hyperinflation Bites Bitcoin Traders Data from monitoring resource Coin.Dance — which tracks trading volumes on P2P platforms Localbitcoins, Paxful, and Bisq — shows total volumes in Venezuela on Localbitcoins reached 35.9 billion sovereign bolivars (VES) […]

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Venezuela President Urges Investors To Buy Petro As Citizens Prefer Bitcoin

The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy. He was speaking during a live statement on messaging platform Periscope, […]

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Mexico Sets New Bitcoin Volume Record After Trump’s Remittance Threat

Bitcoin price remaining above $5000 resulted in new trading highs for several countries worldwide last week, the latest data shows. Mexico, Venezuela Post Record Localbitcoins Volumes According to monitoring resource Coin Dance, which tracks trading volumes on peer-to-peer exchange platforms Localbitcoins, Paxful and Bisq, certain markets continued to see spikes in Bitcoin activity. As Bitcoinist […]

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Venezuela: Maduro Administration Targets Bitcoin Remittance

The Venezuela government is reportedly making a move towards collecting fees on Bitcoin remittance payments in the country. This step comes as the cash-strapped Maduro administration continues to seek ways to finance itself in the wake of mounting economic restrictions. Government Eyes Share of Booming Bitcoin Market Earlier in March 2019, the Maduro regime launched […]

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Bitcoin Is More than a Speculative Asset to People in Venezuela

Most Bitcoin HODLers may be wondering when lambo and when moon, but in parts of Latin America, and particularly Venezuela, Bitcoin is saving people’s lives. Bitcoin Is Saving People’s Lives in Venezuela Bitcoin went on tearing breakout on Sunday trading at over $4,200–its highest in 2019. But for any Latin Americans and Venezuelans, in particular, […]

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Venezuela Finds Out the Hard Way That Only Bitcoin is Unconfiscatable

The ongoing political turmoil in Venezuela continues to intrigue Bitcoin figures, following the Bank of England blocking access to the country’s gold reserves in favor of US-backed interim president Juan Guaidó.  Keiser Champions ‘Unconfiscatable’ Bitcoin Venezuela, whose citizens have begun turning to Bitcoin en masse in the face of million-percent inflation, capital, and migration controls, appears […]

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