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Causal Relationship: Bitcoin Trading Volume In Venezuela Is Keeping Up With The Inflation Rate
The inflation rate keeps rising this year In Venezuela; it will be able to reach a dozen million percent by the end of the year. The rapid devaluation of the Bolivar and the completely melting monetary savings made the poor Venezuelan population turn to Bitcoin. дальше »
2019-8-12 14:06 | |
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Casual Relationship: Bitcoin Trading Volume In Venezuela Is Keeping Up With The Inflation Rate
The inflation rate keeps rising this year In Venezuela; it will be able to reach a dozen million percent by the end of the year. The rapid devaluation of the Bolivar and the completely melting monetary savings made the poor Venezuelan population turn to Bitcoin. дальше »
2019-8-10 14:06 | |
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Venezuela Bitcoin Trading Hits All-Time High Amid Insane 1,000,000% Inflation Projection
The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019. дальше »
2019-8-5 15:09 | |
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Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels
The cataclysmic political situation in Venezuela is driving cryptocurrency adoption as a fast-rising inflation rate devastates the economy. It is currently projected to reach 10 million by the end of… The post Venezuelans Prefer BTC over Petro as Inflation Reaches Alarming Levels appeared first on CoinCentral. дальше »
2019-5-28 20:07 | |
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Cryptos Act as Hope in a Hyperinflation-Striken Venezuela
Venezuela’s inflation rate is expected to hit ten million percent in 2019. In this time, Venezuelans are struggling to afford two square meals a day. Online news outlet City News 1130 shared how nonprofit organizations are sending direct relief to people in Venezuela in cryptocurrencies and helping them escape the severe financial crisis. дальше »
2019-5-23 23:00 | |
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Can Bitcoin Help The Venezuela Crisis As Country Pawns Off Gold, Petro Dollar Slides Further Down
Could Bitcoin Help Venezuela Crisis? According to the International Organization for Migration, a long period of serious political instability and economic crisis has caused the largest Latin American emigration seen in recent times from Venezuela. дальше »
2019-5-20 19:01 | |
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The State Of Crypto Adoption In Venezuela Is Still Rising Amid Economic And Political Turmoil
The State Of Crypto Adoption In Venezuela Venezuela is currently going through a political crisis. And it’s effecting the economy as well. The inflammation rate of its currency has reached 1,300,300% in the 12 months leading to last November, according to the National Assembly controlled by the opposition. The question that seems to interest the […] дальше »
2019-5-10 19:39 | |
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Bitcoin [BTC]: Venezuela transacts record number of BTC trades as Petro fails to get support
Venezuela’s economy has been under constant strain for a while now as the country’s fiat currency continues to plummet in valuation. A massive hyperinflation rate of 2 million percent crippled the country to its core and according to reports, the situation might get worse as the rate is expected to reach 8 million percent by […] The post Bitcoin [BTC]: Venezuela transacts record number of BTC trades as Petro fails to get support appeared first on AMBCrypto. дальше »
2019-4-30 17:30 | |
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Venezuela Did More P2P Bitcoin Trading Than Canada and India Combined in 2018
According to data scientist Matt Ahlborg, LocalBitcoins trading data concludes that Venezuela did more peer-to-peer Bitcoin trading in 2018 than Canada, India, and Australia combined. Venezuelan trading topped $235 million. дальше »
2019-2-9 11:16 | |
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Leading Economist Touts Crypto To Relieve Hyperinflation
Dr. Doom might not be a fan, but some economists are coming around to the blockchain’s potential for cross-borders trades. Dr. Steve Hanke, a leading scholar in currency economics and hyperinflation, is spearheading an initiative to raise funds to benefit the people of Venezuela, which is now suffering from an annual inflation rate of over […] The post Leading Economist Touts Crypto To Relieve Hyperinflation appeared first on Crypto Briefing. дальше »
2019-1-15 01:12 | |
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Mexican Startup Wants to Support Venezuelans With $1 Million Crypto Airdrop
Mexican startup Airtm will launch a campaign to raise donations for Venezuelans, a country whose poor monetary policies have plagued it with hyperinflation. Called the AirdropVenezuela. дальше »
2018-11-28 19:29 | |
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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil
Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December. дальше »
2018-10-10 22:30 | |
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Crypto an Alternative to Inflation Across the Globe, Now Philippines
Sometimes, the only thing that drives progress is a kick… in the bottom. That’s why economic crises have been a most effective factor for encouraging cryptocurrency adoption. First Venezuela, then Iran, and now the Philippines may follow suit. дальше »
2018-9-11 04:00 | |
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President Maduro is forcing Venezuelan banks to use his dodgy cryptocurrency
Nicols been Maduro’s plan to pull Venezuela out of financial turmoil. Last month, its highest ever inflation rate was recorded, with prices for goods and services rising by at least 82,766 percent. дальше »
2018-8-28 13:15 | |
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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. дальше »
2018-8-28 13:00 | |
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Venezuela’s Currency Devalued By 96% as Maduro Announces New Crypto-Pegged Forex Rate
On Friday, Venezuelan President Nicolas Maduro announced a new single exchange rate for the bolivar that’s pegged to the Petro virtual currency. Under the new guidelines, one Petro would equal $60 dollars, which means the nation’s currency is essentially devalued by 96 percent. дальше »
2018-8-19 15:00 | |
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Venezuela Hits 43000% Inflation – Money Is Worthless
know I was thinking about it though Dave because we’re looking at the news with Venezuela it’s so sad. I don’t think people really understand the tragedy of hyperinflation but the tragedy means that you know some people literally don’t eat. дальше »
2018-7-6 07:34 | |
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Venezuela’s Fight With Inflation May Have Helped Cryptocurrency Acceptance
Faced with the rapid decline of their money’s purchasing power, Venezuelans have no choice but to come up with out-of-the-box solutions to offset the effects of their country’s sky-high inflation rate. дальше »
2018-6-25 20:37 | |
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