Venezuela Gets $1M Bitcoin Aid Project As Trading Records Continue

A new project by cryptocurrency wallet platform AirTM and artist cryptograffiti is aiming to raise $1 million in aid for Venezuelans via an interactive Bitcoin installation. Airdrop Venezuela To Give Away $1 Million Airdrop Venezuela, which is underway in the Columbian town of Cúcuta, is leveraging the Bitcoin blockchain to […]

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Bitcoin [BTC] trading volumes hit record high in the crumbling economy of Venezuela

Venezuela and the world of cryptocurrencies together have been in the news constantly for the past couple of months due to multiple decisions and forays into the field. With the advent of Petro and the sovereign bolivar in the country, the government has taken radical steps to change regulations and […]

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Following the New Crypto Regulatory Framework, Venezuela Breaks Its BTC Trading Volume Again

Despite the ongoing political unrest plaguing Venezuela, the country has set a new record for the amount of Bitcoin it traded last week. 17.1 Billion Bolivars Exchanged For Bitcoin (BTC) According to a recent data sourced from, Coin Dance — LocalBitcoins P2P trading platform volume tracker, the total amount of Bolivars […]

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White House advisor Larry Kudlow says taxing rich people never works: 'Look at Venezuela'

“Taxing rich people – that’s an old saw from the left. It never works,” Kudlow told Fox Business. “I mean, look at Venezuela – it’s an absolute catastrophe.” Kudlow was likely referring to freshman Rep. Alexandria Ocasio-Cortez’s proposal for a 70 percent marginal rate on those with incomes above $10 […]

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Bitcoin [BTC]’s trade projected to rise as Venezuela embraces pro-Bitcoin Interim President Juan Guaido

In the face of a continuing economic crisis, many in Venezuela have, for some time, looked for alternative assets, far apart from fiat currency. Bitcoin has for some time been such a refuge and it would seem that with new Interim President Juan Guaido taking charge of the affairs of […]

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Venezuelan WTO Request Accuses US of ‘Discriminatory Measures’ Against Petro Coin

Venezuela has taken issue with United States sanctions, including those levied against transactions in the country’s national digital currency, the Petro (PTR), according to a World Trade Organization (WTO) consultation request, published Jan. 8. The request, dubbed “United States — Measures relating to trade in goods and services,” was originally […]

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Venezuela Continues to Drive the Petro Despite Ongoing Controversy

Reports coming out for Venezuela suggest that the government is now forcibly converting pensions from fiat to Petro, without the consent of their citizens. The Caracas Chronicles, which reports on Venezuelan issues in the English language, stated that On December 7, they [pensioners] got two messages and it seemed like […]

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Restaurant Chain Church’s Chicken Now Accepts Cryptocurrency Dash In 10 Venezuelan Locations

International fast-food franchise Church’s Chicken is now accepting payments in cryptocurrency Dash at its ten Venezuelan locations. Church’s Chicken is an American chain of fast food restaurants specializing in fried chicken. The company is the fourth largest chicken restaurant chain behind KFC, Popeyes, and Chick-fil-A, with more than 1,700 locations […]

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Venezuela Artificially Inflates Petro 150 Percent As Bitcoin Sets New Record

Venezuela saw yet another new record for Bitcoin use December 1 after another week of economic shake-ups made the cryptocurrency more appealing than ever. 1 Week, 1300 Bitcoins Data from Coin Dance confirms that in the seven days ending Saturday, Venezuelans transacted 1284 BTC ($5.1 million) via P2P trading platform […]

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