Venezuelan Government Plans to Regulate All Bitcoin Mining

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Adobe cancels all Venezuelan accounts, highlighting problems with subscription apps

Adobe has canceled all user accounts based in Venezuela in order to comply with Trump’s August executive order barring US companies from doing businesses with the country. With no end to the order in sight, it’s unclear when Venezuelans will regain access to their accounts.

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US Freezes Venezuelan Government’s Assets and Bitcoin Peer to Peer Transactions Go Up

The tension between the government of the U. S. and Venezuela has recently skyrocketed. In a move against the Venezuelan president Nicolas Maduro, the U. S. administration decided to freeze all possible Venezuelan assets.

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Venezuelan Petro Advanced to a New Convertibility Phase, Expert says

Ricardo Baptista, director of the Latin American Cryptoeconomy Corporation, explained that the Venezuelan government is promoting the use of crypto to dynamize its economy and counteract the negative effects promoted by “all of those who.

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Fundstrat’s Tom Lee: Devaluation of Fiat Currencies Causing Bitcoin On-Chain Volume to Take Off

We have already seen how the fiat currencies around the world, be it Argentina’s peso, Venezuelan Bolivar or Turkish Lira, are failing as a currency. Countries all over the world are being run over by rising inflation and dropping value of their money, along with slowing economy and political unrest. It isn’t surprising South America […]

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Venezuela Hit With Fresh New Economic Sanctions by Trump and United States Government

As per an all new circular issued by the US Government earlier today, Venezuelan banks will now be faced with an all-new set of sanctions that will make it even harder for their clients to “mobilize their assets for everyday purposes”.

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Venezuelan Economic Professor Shares Passion Behind Cryptocurrency Advocacy in Spite of Bolivars Uselessness

As many of our readers are probably well aware of, the South American nation of Venezuela is currently in the midst of its worst ever financial crisis— with inflation rates currently at an all-time high due to a host of international economic sanctions that have been levied against the nation. As a result of all […]

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Venezuelan Explains How Bitcoin Saves His Family

As the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary.

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Living on Bitcoin for a Week in San Francisco

When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.

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Maduro’s Master Plan for Venezuela: Swapping 29 Tons of Gold for Euros with the UAE

Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro.

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This Week in Cryptocurrency: December 14, 2018

This week in crypto: U.S. bills start moving, the CFTC looks for teachers, and Dash dines on some Venezuelan chicken. Read it all in our weekly roundup. The post This Week in Cryptocurrency: December 14, 2018 appeared first on CoinCentral.

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Dash is accepted in Venezuela after all, Cardano (ADA) set to conquer South Korea while Stratis shows signs of life

While KFC Venezuela isn’t accepting DASH after all, Church’s Chicken Venezuela is Several news outlets reported a story about the popular fast food chain KFC’s Venezuelan affiliates starting to accept DASH as a form of payment.

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Maduro Says Petro Purchasers Can Exchange It For Any Crypto, Plans to Take Petro to OPEC in 2019

Allegations that Venezuela’s Petro cryptocurrency is all hot air hasn’t stopped President Nicolas Maduro from announcing a special exchange period for the Petro, and that he’ll be presenting it to the Organization of the Petroleum Exporting Countries (OPEC) next year as a unit of account for Venezuelan oil.

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Bitcoin Is Replacing Bolivar As Venezuelan Economy Crashes

Whoever Satoshi Nakamoto is, he/she might be deserving of the Nobel Prize in economics for inventing Bitcoin (BTC), the nascent digital coin that is currently rescuing crypto-adopting Venezuelans from the abyss.

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Venezuela Shatters Bitcoin Trading Records With 500,000,000 Bolivars Per Week

Trading between Bitcoin and the Venezuelan Bolivar (VES) has beaten all records to pass 500 million for the first time last week. 7 Days, Half A Billion Bolivars Data from Coin Dance, which tracks volumes on P2P platform Localbitcoins, confirms that the seven days ending August 25 saw BTC/VES achieve volumes never seen before.

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Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto

Venezuelan President Nicolas Maduro ordered banks to adopt the Petro, the Maduro government-launched cryptocurrency, as a unit of account and use this cryptocurrency in all financial reports. The post Venezuela’s President Gives Further Push to Petro Ordering Banks Adopt the New Crypto appeared first on CoinSpeaker.

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An Update Venezuela’s Petro, It’s Looking Worse Than We Thought

The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation.

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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.

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Dash is Used More than All Other Cryptos Combined In Venezuela

Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars.

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Dash is Used More than All Other Cryptos Combined In Venezuela

Venezuela’s struggling economy has inspired many in the country to adopt cryptocurrencies as an alternative to the crashing Venezuelan Bolivar. The situation in Venezuela is dire; hyperinflation in the country has reached such extremes that a cup of coffee now costs a million Bolivars.

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Dash Says Its Cryptocurrency Is Most Used Coin For Venezuelan Merchants

In a recent press release, Dash claimed that it was the most used crypto in Venezuela right now. According to the company, the use of Dash in the country is far greater than the combination of all the other tokens combined.

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Why is the Venezuelan Government tracking all Crypto holders ?

In the last few months the Venezuelan government has been searching for anyone who officials deem to be “undermining the national currency”. While the government has formally approved of a number of cryptocurrency exchanges to open up for business, several have been shut down as part of the government’s move to strictly regulate the cryptocurrency […] The post Why is the Venezuelan Government tracking all Crypto holders ? appeared first on ZyCrypto.

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