Venezuela

Litecoin price surge, up 14.8 percent Venezuela approves Bitcoin and Litecoin as remittance agents Volumes explode as Litecoin (LTC) likely to close above $50 It is only through Remesas, which has the support of the Venezuelan government and under its regulators, that users can send funds using Bitcoin and Litecoin. Perhaps, this move (not trusted…

Bitcoin was designed in the wake of the 2008 global economic crisis as a way to take control over money away from central authorities such as governments, banks, and other traditional systems. The decentralized design could also prevent communist countries like China from establishing control over their citizen’s money. However, the very technology powering crypto…

Since Venezuela entered its current crisis, Bitcoin (BTC) and cryptocurrencies become a popular subject in the nation. Carlos Hernández, an economist in the strife-filled Latin American nation, recently issued a New York Times op-ed to discuss the matter, elaborating on why the flagship crypto can be a proper hedge against the hyper-inflating bolivar. Related Reading: Naval:…

Venezuela has seen its national currency become practically worthless after undergoing one of the worst economic crisis in history. The inflation is all-time high – all the essential goods such as medicines and even toilet papers have soared in value. More citizens are leaving the country every day, while the ones who cannot afford to…

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…

Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior government official from a board created by…

A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection. Venezuela Turns to Dash Last month, Ryan Taylor, CEO of Dash Core Group, said that it was “seeing tens of thousands of wallet downloads from…

Bitcoin solves many problems, from monetary policy mishandling to acting as the first decentralized store of wealth.But could it also be a solution to Venezuela’s sanctioned and stuck-at-sea oil problem? Rather than aimlessly floating at sea, the oil could be put to much better use.Venezuela Has Over 18 Million Barrels Of Sanctioned Oil Floating At…

Perhaps the most well known Bitcoin artist is on a mission to spread the Bitcoin word in Venezuela. Pascal Boyart has been working with the website SatoshiEnVenezula to help artists local to the South American nation monetise their work using the crypto asset. Boyart is famous for his Bitcoin-inspired murals in his native France. His…

My 99-year-old grandmother is more likely to buy bitcoin than the Federal Reserve, said market analyst Alex Krüger. The economist was responding to Anthony “Pomp” Pompliano, the co-founder & partner at Morgan Creek Digital Assets, on his comments on Venezuela. Pomp cited a Bloomberg report that claimed Venezuela’s central bank is holding bitcoin and ether in…