Opinion: Stock Up On Canned Food (And Bitcoin)…World Wide Winter is Coming!

Whilst we are battening down hatches, and wrapping ourselves up for protection against the present crypto-winter, remember one thing. All is far from perfect in fiat-land around the globe… and Bitcoin is currently quite the bargain as the stock market is looking shaky once again.  First Stop – France Macron’s recent tax-hikes have seen Paris […]

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Venezuela Traded More Bitcoin Than Ever Before In October

Venezuela set a new Bitcoin trading record last week as the country embraces cryptocurrency more than ever. Venezuela Trades 1075 BTC in 7 Days According to data from monitoring resource Coin Dance, despite continued volatility in the country’s dubious redenominated currency the Sovereign Bolivar, trade volumes for the seven days ending November 3 still beat […]

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Petro… Petro… Get ’em While They’re Hot!

After what seems like an unnecessarily long bout of teasing, we can finally get our hands on all those lovely Venezuelan Petro.  As Bitcoinist reported earlier this month, the Petro has been finally launched by the Venezuela government. Today, the Vice-President of the Economy announced the release on Twitter with this lovely infographic. #Enterate || […]

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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. The […]

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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.  As hyperinflation mounts in Venezuela, the national government seems to be staking nearly all it has […]

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New Venezuela Bolivar A ‘Scam On Top Of Another Scam,’ Says Media

The government of Venezuela pegging its national currency to cryptocurrency Petro and relaunching is a “bigger stunt” than 1920’s Germany during hyperinflation. Scam Me Once… That’s according to a scathing report in Wired August 22, which cites a number of cryptocurrency industry sources describing the country’s latest bid to stabilize its economy as “pure nonsense” […]

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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars

Venezuela’s currency the Bolivar Fuerte jumped to 9.2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off its value. Redenomination Looms As reported by cryptocurrency commentators including Purse.io support head Eduardo Gomez, the bolivar traded unofficially at around 6.7 million VEF per […]

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Venezuelan Feeds Entire Community With Cryptocurrency Donation

A Venezuelan Reddit user who recently received a small donation of the cryptocurrency NANO wants to pay the generosity forward to others in need. More donations are streaming in to help purchase food and medicine for neighbors and families in the user’s community.  Paying It Forward — In The Future Last week, a Reddit user named […]

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Central Bank of Venezuela to Receive $1 Billion from Petro Sale

Nick Omo · April 27, 2018 · 3:00 pm The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale.  Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as […]

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South Korean Capital Looks to Launch City-Wide Cryptocurrency S-Coin

Adam James · April 5, 2018 · 1:00 am Following suit with various other cities around the globe, South Korea’s capital city is looking to become one of the largest cities in the world with its own official cryptocurrency. S stands for S-coin South Korea is already one of the cryptocurrency capitals of the world. […]

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