BCH House Venezuela Shows Real Cryptocurrency Adoption in First Documentary
BCH House Venezuela, an adoption organization, has published its first documentary on social media, where it shows the way in which Venezuelans are using cryptocurrency as a means of exchange. Roberto García, the founder of this initiative, shows us the level of adoption the BCH House initiative has reached in Barquisimeto — a city in the west of the country — and how merchants are embracing cryptocurrencies. BCH House Venezuela Showcases On-Site Adoption BCH House Venezuela, a BCH adoption organization, has released its first documentary, where it shows the....
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Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers behind this crisis that made Venezuelans change their whole way of living? How Venezuela Adopted Crypto: The Numbers It is a popularly known fact that Venezuela is one of the countries that have adopted cryptocurrency with the most force in LATAM. This was corroborated by Chainalysis in its....
President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick up steam in national and international markets. President Nicolas Maduro Reaffirms Venezuelan Pioneer Status in the Cryptocurrency Field Venezuelan President Nicolas Maduro reaffirmed the pioneer action that Venezuela had on crypto adoption in Latam. The statements were given during an interview....
People in Venezuela adopting Bitcoin during turbulent times shows the cryptocurrency's potential to bring order amid chaos. Bitcoin has emerged as a savior for many in dire situations. The decentralized nature of Bitcoin, combined with its ease of use and secure nature makes it an ideal alternative for those in troubled economies or cut off from the traditional financial system. The economic condition of Venezuela and Bitcoin’s increasing adoption in the country has presented itself as a case study for mainstream and fringe economists alike. The mere mention of Bitcoin evokes mixed....
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly legal, but it requires permits and licenses from Sunacrip. 400+ Miners Seized Authorities in Venezuela seized more than 400 mining machines last weekend in two separate events. In the first, 332 miners were seized at a control checkpoint in....
VICE News and Motherboard announced a partnership that resulted in a new documentary series on crypto. Called CRYPTOLAND, the documentary series was shot across several locations around the world. Related Reading | Data Shows Bitfinex Hack Woke Up Largest Ever 5yr+ Bitcoin Supply It aims at digging further into the crypto industry and how it […]