Venezuela Traded Over $60M in Bitcoin Already in 2019

2019-3-5 00:00

LocalBitcoins users in Venezuela spent nearly 160 billion VES buying 16,642 BTC in the first two months of 2019. At today’s price, those bitcoin are worth almost $63 million, with a record 25.

16 billion VES spent just this week. Steady As She Goes Bitcoinist has closely followed the increase in LocalBitcoins usage in Venezuela, a barometer of the economic instability in the country. After a whole year of steady increases, the bitcoin volume is now

The post Venezuela Traded Over $60M in Bitcoin Already in 2019 appeared first on Bitcoinist. com.

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Источник: bitcoinist.com

venezuela bitcoin → Результатов: 126

Venezuela’s Bitcoin Story Puts It in a Category of One

Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.

2020-11-12 23:42	Zimbabwe
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Bitcoin is helping arbitrate exchange rates for Venezuela's migrants

Venezuela’s ongoing economic crisis has contributed to hyperinflation, with its native fiat currency losing its value with every passing day. These factors, coupled with declining trust in banks, arThe post Bitcoin is helping arbitrate exchange rates for Venezuela's migrants appeared first on AMBCrypto.

2020-1-23 15:30	Trading View
venezuela bitcoin migrants helping rates exchange arbitrate

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$300 Million Worth of Bitcoin Traded in Venezuela

Crypto is going mainstream in Venezuela where one of their biggest department store with some 49 location, Traki, accepts bitcoin, eth, and Petro, the government issued cryptocurrency. They’ve already processed.

2020-1-3 20:54	News
venezuela bitcoin petro eth accepts location traki

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Venezuela’s Bitcoin Stash Built by Intimidation and Extortion

A new report emerged yesterday claiming that Venezuela’s central bank is considering using the Bitcoin and Ether reserves at its disposal to alleviate the country’s seemingly never-ending economic woes.

2019-9-28 09:27	эфир
venezuela bitcoin extortion stash built intimidation remains

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Venezuela State-Run Oil Firm to Pay Suppliers in Bitcoin

As the age-long economic crisis rages on, Venezuela’s apex bank, Banco Central de Venezuela (BCV) is now running internal tests with officials to find out the possibility of holding bitcoin (BTC) and ether (ETH) in its coffers as foreign reserves, as the nation’s state-owned oil company is looking to pay suppliers in cryptos via theRead MoreRead More.

2019-9-27 15:00	Venezuela
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Bitcoin Trading Activity Goes Ballistic in Venezuela as Rule of Law Erodes

The worse the political, social, and economic conditions in Venezuela get, the more that residents suffering under the Maduro regime pile into Bitcoin. According to Coin Dance, more than 47 billion Venezuela bolivars were traded against Bitcoin in the first week of July.

2019-7-9 21:07	Venezuela
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Bitcoin and Black Market Fiat: Hyperinflation Crushes Venezuela as Global Devaluation Ramps Up

Venezuela is being crushed by staggering hyperinflation as a sharply divisive political crisis has the economy in ruins. Some are seeking refuge in alternatives to the national currency, like foreign fiat and crypto.

2019-7-3 00:15
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Cryptos Rise Amid Ongoing Coup in Venezuela

Bitcoin and most cryptos have gone green today with an on-going attempted coup in Venezuela potentially being one reason for the upwards price pressure. Bitcoin begun rising at about 10...

2019-4-30 16:47	Politics
venezuela bitcoin coup cryptos upwards one price

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Bitcoin (BTC) Price Analysis: Is Venezuela’s “Unplugging” Affecting Prices?

Latest Bitcoin News The political quagmire in Venezuela is now turning into an inconvenience, a crisis—and ordinary citizens are feeling the pinch. Reliable news sources reveal that the once prosperous oil-rich state is now on.

2019-3-11 14:30	Venezuela
venezuela bitcoin prices affecting btc price unplugging

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Bitcoin Transactions Plunge Amid Blackout in Venezuela

Bitcoin transactions and active addresses have seen a steep fall this Saturday as Venezuela saw what AP calls the “worst power and communications outage” which “reached virtually every part of.

2019-3-11 18:23	News
venezuela bitcoin transactions plunge blackout amid reached

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Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever

In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […]

2019-2-3 22:43	News
venezuela bitcoin volume sudden spike localbitcoins replace

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Bitcoin Volumes Spike in Venezuela

Some $7 million worth of bitcoin is exchanging hands in Venezuela everyday on just one peer to peer exchange, Localbitcoin. Volumes are up across Latin America, including Mexico, Argentina, Chile.

2019-2-1 18:51	Politics
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New LocalBitcoins’ Bitcoin Trading Volume In Venezuela Increases At Record Numbers

Bitcoin Volume In Venezuela Increases At Record Numbers Venezuela has recently experienced the biggest spike in Bitcoin volume over the last week. Never before people used so much Bitcoin (BTC) in Venezuela, a country that is currently plagued by hyperinflation that is destroying its economy.

2018-12-28 04:10	News
venezuela bitcoin volume numbers record increases hyperinflation

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Is Bitcoin Cash Taking Root in Venezuela?

A once rich country, an educated population, a fairly developed economy, now on its knees due to monetary mismanagement with hyperinflation reaching legendary levels. What better opportunity to showcase digital.

2018-8-3 16:39	Editorial
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A Plan to Send Millions in Bitcoin to Venezuela Is Moving Ahead

Developer Jonathan Wheeler plans to airdrop bitcoin across Venezuela, in an ambitious attempt at quelling the country's ongoing economic crisis.

2018-6-28 11:00	Lightning Network
venezuela bitcoin attempt ambitious quelling ongoing crisis

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Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.

2018-6-22 03:00	Venezuela
venezuela bitcoin hyperinflation continues spree amid record

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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
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Banks and Cryptocarrens Global Assessment: Middle East

As many advocate to replace the U. S. dollar as the global reserve currency, Bitcoin and nationalized cryptocurrencies may finally offer Muslim countries economic stability and leeway in Western politics.

2018-6-14 15:27	Virtual Currency
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P2P Markets Round-Up: Record Volume Across Canadian and Latin American Markets

In recent weeks, the peer-to-peer (P2P) bitcoin markets of several Latin American markets have produced record-breaking volume, with the Localbitcoins markets of Chile, Peru, and Venezuela producing all-time highs for trade volume in recent weeks when measured in local fiat currencies.

2018-6-11 05:05	volume

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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

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest. CANTV, Venezuela’s state ISP, enforces the blockade as part of a crypto crackdown. President Maduro accuses Elon Musk of inciting protests and violating laws.

Maduro critics say Venezuelan president will use crypto to evade sanctions

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Venezuela cracks down on crypto mining to tackle energy crisis

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional).

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…

2019-3-5 00:00

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