venezuela Archives - Page 11 of 31

Top Venezuelan Exchange Launches Support for Offline Bitcoin Transfers

April 11, 2020cashtechnews

Venezuelan digital asset exchange Criptolago has introduced SMS-based cryptocurrency transfers. Venezuelan crypto exchange Criptolago has announced that it will launch a text message-based payment system that can process transactions in Venezuela’s oil-backed Petro (PTR) and other cryptocurrencies. The system may expose new segments of Venezuela’s population to cryptocurrencies amid the country’s ongoing hyperinflation crisis — […]

Petro Couldn’t Save the Cartel of the Suns Conspiracy From the Sting of Sanctions

April 9, 2020cashtechnews

Despite the high level of privacy, Venezuela’s national crypto could not help avoid international sanctions nor even cover the illicit activities of the country’s leaders. At the end of February, the United States Immigration and Customs Enforcement revealed its Cryptocurrency Intelligence Program, which targets peer-to-peer and darknet markets for the illicit use of cryptocurrencies. Then, […]

Coronavirus & Bitcoin Price: Is China Losing Its BTC Mining Monopoly?

April 3, 2020cashtechnews

Bitcoin has seen strong gains since the coronavirus triggered sell-off occurred in mid-March but the drop may bring unexpected changes to the mining industry. This week the price of Bitcoin (BTC) surged more than 15%, reaching a high at $7,200 before pulling back into the $6,800 range. Despite the recovery, Bitcoin still has a way […]

As Hospital’s Crumble, Venezuela’s President Airdrops Petros to Doctors

April 3, 2020cashtechnews

As Venezuelan hospitals face widespread shortages, President Maduro is by airdropping Petro tokens to doctors. Nicolas Maduro, a former bus driver and Venezuela’s sitting president, has announced a campaign to support his country’s medical staff amid the coronavirus pandemic by airdropping one Petro to each doctor. The ‘Doctors of the Homeland’ initiative will see each […]

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

April 1, 2020cashtechnews

It is still too early to gauge the impact of QE on crypto, says Mati Greenspan. “The initial shock of the global economy grinding to a halt” is still too fresh. These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering […]

Not April Fool’s — Trump Hints at $9 Oil After Accidental Bitcoin Plug

April 1, 2020cashtechnews

A press conference reveals Trump keenly anticipating an oil price from the 1950s as fiat currencies dependent on the market look set to suffer. After inadvertently advertising Bitcoin (BTC) last week, United States President Donald Trump has now hinted that he expects oil to crash to just $9. In a press conference on March 31, […]

Venezuela’s Struggling Internet Could Make Crypto Trading Tough

March 28, 2020cashtechnews

Venezuela faces clogged internet usage due to quarantine measures, which could make crypto usage difficult. The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way […]

No Evidence of Crypto-Related Charge in Maduro Drug Cases

March 27, 2020cashtechnews

Contrary to initial inspection, recent allegations against Maduro and other Venezuelan brass do not directly involve cryptocurrency. Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage. “Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” […]

Cryptocurrency is a Failure as a Currency Says Brazil’s Banking Chief

March 26, 2020cashtechnews

Brazil’s banking chief argues that crypto is a failure as a currency — but in neighbouring Venezuela it has already ‘changed the destiny of an entire country’. The President of the Brazilian Banking Federation, Murilo Portugal, has argued that cryptocurrencies are not really currencies at all. Portugal was speaking in a debate about the ‘Impact […]

National Digital Currencies: Not Yet Too Big to Fail

March 26, 2020cashtechnews

Cryptocurrency is an alternative to sovereign currencies that are issued by state governments, but national digital currencies are not so far away from being launched. Over 30 years ago, in a January 1988 cover story emblazoned with a phoenix hovering over a paper-money inferno, The Economist offered this semi-prophetic vision of currency: “Thirty years from […]

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