Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services

2019-9-15 00:12

The largest bank in Venezuela, the state-owned Bank of Venezuela, appears to have launched services to facilitate transactions in the country’s state-issued oil-backed virtual currency, the Petro.

According to Decrypt, Bank of Venezuela customers have reported a new module integrated into the management interface of their accounts to facilitate registration for a digital wallet that […]

The post Record Bitcoin Trade in Venezuela as Top Bank Launches Petro Services appeared first on CCN. com

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Источник: ccn.com

bank venezuela → Результатов: 47

Bank Of Venezuela Ordered To Allow Petro Purchases And Deposits

President Nicolas Maduro announced in a tweet that the Bank of Venezuela will now have the ability to accept Petro deposits and allow customers to purchase the nation's own cryptocurrency at all locations.

2019-7-5 18:47	World
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Maduro orders Venezuelan bank to sell Petro cryptocurrency in latest pump attempt

Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing.

2019-7-5 13:54	hard fork
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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.

2019-7-5 13:00
petro venezuela public bank maduro counters open

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President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Because of an order emitted by Venezuela’s President Nicolas Maduro, the country’s leading bank Banco de Venezuela will accept the Petro

2019-7-4 20:24	sanctions
venezuela accept petro president maduro bank country

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Maduro Orders Venezuela’s Biggest Bank to Accept Crypto Petro Nationwide

The president of Venezuela, Nicolas Maduro, has announced an order requiring Banco de Venezuela —the country’s biggest bank— to open desks for transactions in Petros in each of its near 790 agencies across the country.

2019-7-5 16:29	Venezuela
venezuela maduro bank biggest petro country open

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Bitcoin a Better Bet Than Bolivars as Venezuelan Hyperinflation Escalates

Bitcoin can be many things depending on the situation. For many it is a store of value, for some, it is a trading vehicle, but for Venezuelans, BTC is the most reliable hedge against the rampant hyperinflation the Latin nation is suffering.

2019-7-2 09:12
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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 Localbitcoins.

2019-6-17 11:00	Venezuela
bitcoin new record trading venezuela billion banknotes

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

2019-5-25 14:02	Venezuela
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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 used.

2019-5-18 02:00	Venezuela
petro venezuela russia cryptocurrency trying switch ruble

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

2019-4-30 20:16	Op-ed
bitcoin world like developing people value much

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Bitcoin at $5,000: What Has Changed Since 2017

This article was originally published by 8btc and written by Olusegun Ogundeji. Bitcoin has crossed the $5,000 price range again (after its first reach to that level in 2017) following a sudden breakout on April 2, 2019.

2019-4-4 18:42	Adoption
bitcoin 2017 network crypto space year segwit

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US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro.

2019-3-14 19:45	Venezuela
sanctions evrofinance petro bank moscow involvement tax

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US Treasury Accuses Russian Bank Of Helping Venezuela Skirt US Sanctions Via Petro

This action signals an increase in US pressure on the Venezuelan government.

2019-3-14 20:18	World
increase action signals pressure government venezuelan petro

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U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro

The United States Treasury Department has imposed further sanctions on Russia, this time adding bank Evrofinance Mosnarbank, jointly owned… The post U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro appeared first on Invest In Blockchain.

2019-3-13 18:46	Venezuela
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US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

2019-3-13 16:00
venezuela petro bank treasury role moscow-based sanctioned

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США ввели санкции против российского банка за предполагаемую поддержку венесуэльской El Petro

Министерство финансов США объявило о введении санкций против «Еврофинанс Моснарбанка», который находится в совместной собственности российских и венесуэльской государственных компаний. Причиной стала якобы поддержка и сотрудничество с нефтяной корпорацией Petroleos de Venezuela S.

2019-3-13 11:26	сша
pdvsa venezuela венесуэльской против sanctions сша treasury

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Russia’s Evrofinance Mosnarbank Sanctioned By The US After Being Backed Venezuela’s Petro

Russia’s Evrofinance Mosnarbank Sanctioned By The US After Being Backing Venezuela’s Petro The United States has decided to add the Russian bank Evrofinance Mosnarbank to its sanctioning list managed by the Treasury Department.

2019-3-13 02:19	News
venezuela evrofinance mosnarbank petro russia bank sanctioned

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US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

The U.S. Treasury has sanctioned Moscow-based bank Evrofinance based on its alleged financing of Venezuela’s controversial oil-backed crypto, Petro

2019-3-13 21:32
venezuela controversial petro financing moscow-based bank based

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Maduro Scoops 8 Tons of Venezuelan Central Bank Gold for Illegal $340 Million Cash Swap

Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week.

2019-3-2 17:05	Venezuela
gold central bank million maduro 340 tons

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Russia to Regulate Crypto While Launching its Own Oil-Backed Cryptocurrency

Russia’s State Duma is planning to pass a resolution on a pending cryptocurrency regulation bill, reported a local source. Oleg Nikolayev, a member of the State Duma Committee on Economic Policy, said that the Russian assembly house had led cryptocurrency regulations to its final stages.

2019-2-24 17:04	Russia
cryptocurrency russia house nations regulate said launching

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How to Use Cryptocurrency to Send Money Abroad

The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U. S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity.

2019-2-21 16:05	Venezuela
abroad people cryptocurrency send money use cash

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China Minus $70 bn, Cuba Blackout and Revenge for Syria: a Long Con in Venezuela

The promised support by US of Venezuelan riot with Juan Guaido in the head – is becoming tangible. The puncture of the rebels with the army is now compensated by the financial strangulation of the Maduro regime from outside.

2019-1-30 22:50	Venezuela
rebels puncture strangulation army maduro compensated financial

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Venezuelan President Gets Rekt’d as Bank of England Won’t Return its Gold Worth $1.2 Billion

Venezuela is going through an economic crisis and hyperinflation and now country’s President Nicolas Maduro, in his efforts to hold onto his plunging cash pile has been trying to pull the $1. 2 billion worth of gold out of the Bank of England.

2019-1-26 21:45	News
bank worth gold billion maduro president england

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After UK Denies Maduro $1.2B Gold Withdrawal, Kraken CEO Cites Importance of Crypto

The Bank of England denied a bid by Nicolas Maduro, Venezuela’s dictatorial ruler, to withdraw $1. 2 billion worth of Gold, reported Bloomberg. The move came after top US officials requested their UK counterparts to disconnect the Maduro’s regime from its assets abroad.

2019-1-26 18:00	Venezuela
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Venezuela Denied Access to Overseas Gold: This is Why Bitcoin is Important

As part of an international effort to wrest power from Nicolas Maduro in Venezuela, the Bank of England has denied the nation access to gold deposits stored with the institution. Such instances highlight just why a permissionless store of value like Bitcoin is important on both the global and personal level.

2019-1-26 02:00	Venezuela
bitcoin venezuela important access denied gold overseas

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Central Bank Cryptocurrencies (CBDC): Are Country-Backed Blockchain Assets The Future?

CBDCs, or Central Bank Digital Currencies, became one of the most-discussed topics in 2018. They came to be as Venezuela's attempt to fix its economy after inflation took place and left it in ruins.

2018-11-13 12:53	Cryptocurrency
bank central inflation such ruins left many

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Deltec Bank & Trust Issues Public Denial of Venezuelan Money Laundering Scheme Involvement

Deltec Bank & Trust has been the recipient of a lot of bad publicity in the last few weeks, between their alleged association with a recent money-laundering scheme involving Venezuela. In a statement issued to Tribune Business, Deltec maintained their lack of involvement, following a report that the US federal authorities intended to seize the […]

2018-11-10 05:48	News
deltec scheme involvement bank trust tribune issued

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Bank of America Is Freezing Immigrant Funds: Time To Vote

As Representative Brad Sherman of California has helpfully pointed out, cryptocurrency is rat poison and only good for drugs and money laundering. Well, it might be okay if you live in Venezuela or Zimbabwe, or some other military regime where armed potentates have made honest markets impossible.

2018-11-7 19:28	USA
bank vote freezing immigrant funds america time

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China Targets ‘Disguised’ ICOs in Crypto Crackdown Update

The People’s Bank of China (PBOC) has discussed the regulation of cryptocurrencies and initial coin offerings (ICOs) in a recently published report that highlights its plan to crack down on “airdrops,” while laying the groundwork to potentially issue its own virtual currency.

2018-11-6 14:15
china icos report plan highlights crackdown crypto

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National Bank of Ukraine (NBU) to Entertain a State-Backed Blockchain Cryptocurrency Tied To Local Fiat

National cryptos seem to have become something more common after the controversial Petro was launched by the government of Venezuela. Now, the National Bank of Ukraine has been considering to launch a new state-owned token that will be based on the blockchain technology, local media outlets report. The bank affirms that the “e-hrevnia” will be […]

2018-9-27 01:46	News
national bank local blockchain ukraine token state-owned

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Regulatory News Have Biggest Impact On Crypto Prices: Report

When media outlets report regulatory news such as bans on crypto (think China, Venezuela and South Korea) and treatment of initial coin offerings (ICOs) under securities laws (think U. S. ), these have the greatest negative effect on valuations, according to Sept.

2018-9-25 17:30
crypto report prices regulatory think biggest impact

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Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.

2018-9-15 21:50	Payments
bitcoin youssef paxful people she one says

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Cryptocurrency in Israel: Analysing the Likelihood of Mass Adoption

On August 26, 2018, the Jerusalem Post published an interesting story about the possibility of Israel adopting a state-backed cryptocurrency as Venezuela recently did, albeit for entirely different reasons.

2018-8-29 13:00	Israel
cryptocurrency israel venezuela 6-figure inflation petro faces

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Venezuela’s Central Bank Unveils Android App for Bolivar to Petro Conversion

In a bid to push its new digital currency, the Banco Central de Venezuela, the country’s central bank, has recently launched an Android app. The app, known as “Calculadora Soberana”, allows users to convert their old Bolivar to the newly coined Bolivar Soberano, which is pegged to the country’s controversial Petro cryptocurrency.

2018-8-29 01:08	Cryptocurrency News
bolivar app central petro bank venezuela android

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Venezuela’s Central Bank Unveils App to Convert New Crypto-Pegged ‘Sovereign Bolivar’

Hyperinflation in Venezuela is so bad, the nation’s Central Bank has released an Android app to help citizens calculate how many new sovereign bolivar units they possess. The release arrives after the national government re-denominated the old currency last week.

2018-8-28 13:00	Venezuela
new bolivar venezuela sovereign bank app central

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A New Central Bank Digital Currency is Coming to Thailand

Thailand could be the next country to unveil a central bank backed cryptocurrency following the footsteps of Venezuela, Tunisia, and Senegal. According to a Tuesday press release, the Central bank of Thailand is well on track to complete the first phase of a proof-of-concept trial for the new digital currency and hopes that this will […] The post A New Central Bank Digital Currency is Coming to Thailand appeared first on ZyCrypto.

2018-8-23 20:19	Thailand
thailand bank central new digital currency coming

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Oil-backed Petro Cryptocurrency Set to Officially Become Venezuela’s Second Unit of Account

President Nicolas Maduro of Venezuela has announced on August 14, 2018 that with effect from August 20, 2018, the petro cryptocurrency would officially become the second unit of account in the nation, as the central bank issued altcoin will be used extensively by state-owned oil firm, PDVSA and may also be used to pay workers’ salaries.

2018-8-16 16:00	Venezuela
petro unit account venezuela second officially cryptocurrency

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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.

2018-8-16 00:26	Digital assets
petro new cryptocurrency salary venezuela system unit

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Venezuela Mulls Setting up Crypto Central Bank

The draft amendments to the constitution are due to be tabled for consideration by the Constituent Assembly’s board in 35 days.

2018-8-15 15:31	News
constituent consideration tabled assembly days board rsquo

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Venezuela’s Constituent Assembly Drafts Law to Create Central Bank for Crypto

A member of the Venezuelan National Constituent Assembly has reportedly revealed that the assembly is preparing a reform to the country’s Constitution that includes a central bank for cryptocurrencies.

2018-8-14 06:50	Virtual Currency
assembly central crypto bank constituent venezuelan venezuela

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Iran Considers State-Issued Cryptocurrency Ahead of Imminent US Sanctions

Iran might soon take a page out of Venezuela’s playbook by launching its own state-issued cryptocurrency. The move is occasioned by the fact that the country is set to come under renewed economic sanctions from the United States.

2018-7-27 11:00
cryptocurrency sanctions iran state-issued considers country local

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“Economic Sovereignty” Through Bitcoin: Max Keiser and Stacy Herbert

When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.

2018-7-14 19:30	Adoption & community
bitcoin keiser had herbert financial countries crypto

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-3 23:28	Adoption
report vcs cryptocurrencies cryptocurrency currencies monetary should

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Venezuela monitoring bank accounts for Grupo transactions begin

Regulation The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said. He revealed that, as part of Operation Paper Hands, “5

2018-6-15 15:42	Venezuela
transactions accounts venezuela government bank monitoring tareck

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Venezuela Begins Monitoring Bank Accounts for Crypto Transactions

The government of Venezuela has started monitoring the bank accounts of its citizens for cryptocurrency-related transactions. Accounts found to contain crypto transactions at prices which the government considers to be “undermining the national currency” will be “severely punished,” Vice President Tareck El Aissami said.

2018-6-15 13:50	Virtual Currency
transactions crypto accounts venezuela monitoring bank government

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Binance wallet outpaces popular messaging apps in Venezuela download rankings

Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation.

Venezuelans cut off from Binance: How is this related to elections?

Venezuelan authorities have also blocked the world’s largest cryptocurrency exchange, Binance. Amid protests following the presidential elections, the Venezuelan government restricted access to Binance and several other online services.

Venezuela restricts access to Binance and X amid election unrest

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Maduro critics say Venezuelan president will use crypto to evade sanctions

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Venezuela cracks down on crypto mining to tackle energy crisis

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…

2019-9-15 00:12

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