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Bitcoin Trading in Venezuela Intensifies, Bolivar Still Down and Devalued

A Bloomberg article pointed out June 15 that Bitcoin trading volume has jumped to 1.3 million this past week in Venezuela. There seems to be ever-increasing excitement about cryptocurrency in the...

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Venezuelans Turn to Selling In-Game Gold for Bitcoin

According to multiple reports, Venezuelan citizens suffering from the country’s horrible economy are now playing massive multiplayer online role-playing games (MMORPGs) to collect in-game items and...

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Venezuelans Turn to Bitcoin as Government Crackdown on Mining Intensifies

In contrast to many people around the world, who adopt bitcoin to make a quick profit, citizens of Venezuela use the currency as a matter of sheer survival. Venezuelans resort to the cryptocurrency to...

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Government-Funded Drug Trafficking Makes USD the World’s Dirtiest Currency

Pablo Escobar. Joaquín ‘El Chapo’ Guzmán. Rick Ross. Household names, each and every one of them; drug lords collectively responsible for punting billions of dollars’ worth of narcotics. Yet their...

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Venezuelan Banks Start Using the Petro to Denominate Customer Balances

Venezuela’s controversial national cryptocurrency, the petro, is slowly permeating the everyday lives of its citizens. The currency, each unit of which is supposedly backed by a barrel of oil, has...

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Billions Living Under Authoritarian Regimes Need Bitcoin Says Human Rights...

When reporting on cryptocurrency, the mainstream media often focuses on price drops relating to USD. But a human rights activist reminds the general public that Bitcoin is not another commodity or...

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Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis,...

More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign...

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Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos...

The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel...

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