Pizza Hut Venezuela Now Accepts Crypto Payments
The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer. Source
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Venezuela
US Taps Circle’s USDC for ‘Foreign Policy’ Goals in Venezuela
Payments startup Circle is getting political.The stablecoin issuer is working with the U.S. government to bypass Nicolás Maduro and support the Bolivarian Republic of Venezuela led by Juan Guaidó.Circle is using USDC, the dollar-pegged stablecoin it issues with Coinbase, to distribute relief funds to medical workers and other Venezuelan locals,
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Bitcoin Adoption in Venezuela Makes It Unique Among Crisis Nations
Venezuela is an example of cryptocurrency adoption during an economic crisis. No other economy facing hyperinflation has come near the South American nation in terms of GDP-adjusted activity on peer-to-peer crypto exchanges, according to a new CryptoX Research analysis of data from LocalBitcoins and Paxful, the two largest such exchanges.Previous
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Venezuela Rolls Out Ethereum-Based Stock Exchange to Help Skirt US Sanctions
The blockchain-based exchange comes as part of new measures announced by President Nicolas Maduro in a big to sidestep tough U.S. sanctions. Source
Read MoreVenezuela trials ‘decentralized stock exchange’ that’s open to the world
Venezuela’s National Securities Superintendency has given the go-ahead for a 90-day pilot of a crypto-powered “decentralized stock exchange” in the country that aims to have a global reach despite international sanctions. Cryptox Espanol reports that news of the Decentralized Stock Exchange of Venezuela’s authorization to operate was published in the country’s
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Venezuela sees its first Blockstream Bitcoin satellite node
A Bitcoin services startup based in South America has just launched the first Bitcoin node connected to the Blockstream satellite network within Venezuela.According to a Sept. 25 blog post from startup Cryptobuyer, the launch of the node will keep the Bitcoin (BTC) blockchain updated for Venezuela users without being dependent
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Venezuela Legalizes Crypto Mining but Will Force Industry Into National Pool
The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control. Source
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It’s a Struggle to Access Crypto Relief in Venezuela
CARACAS, Venezuela — At first blush, it looked like cryptocurrency adoption was poised to make a huge stride in Venezuela. Late last month, Venezuelan opposition leader Juan Guaidó announced he would use the digital currency exchange Airtm to redistribute some $19 million to Venezuelan health care workers. The money would come
Read MoreUkraine, Russia and Venezuela are leading the world in crypto adoption: Chainalysis
Recent data published by Chainalysis revealed a surprising first place for Ukraine in the Global Crypto Adoption Index 2020, followed by Russia and Venezuela.The Index looks at three on-chain metrics: the total value of on-chain crypto transactions weighted by purchasing power per capita (PPP), the value of on-chain retail transfers
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Venezuela Blocks Access to Currency Exchange Platforms
The leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source
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