Hola Venezuela, The Government is Lying About Bitcoin!
Venezuela now faces massive misinformation campaign against bitcoin by the government. Recent article on state-owned media says it all. Venezuela now faces massive misinformation campaign against bitcoin by the government. Recent article on state-owned media says it all. Hola Venezolana de Television, you have got the whole thing wrong about Bitcoin! The Government of Venezuela’s propaganda machine. Venezolana de Television is a public television network administered by the country’s Ministry of Popular Power for Communication and Information. This state-run organization has recently run....
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The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.
Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U.S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center. Venezuela Uses Bitcoin to Pay for Imports Venezuela has been using bitcoin to pay for imports from allied countries, local news outlet Runrun.es reported this week. The government of President Nicolas Maduro is also planning to increase its usage of bitcoin in trade now that the Venezuelan Army is actively....
Update: The source of the downtime seems to be an attack on a website (DolarToday) which was using CloudFlare. As a result, multiple sites, including bitcoin sites, were unavailable for hours earlier today. According to multiple complaints from Bitcoin users within Venezuela, the government of Venezuela has started blocking several known Bitcoin websites. The affected websites include Bitcoin exchanges, Bitcoin news sites, and also Bitcoin mining sites. The major ISP in Venezuela is CANTV, who has previously done similar censorship in the country. Like last time, the Venezuelan ISP has....
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means to swap ERC20 tokens in a noncustodial manner. For quite some time now Venezuela has had to deal with strict economic sanctions. President Nicolás Maduro spoke about these sanctions in a new mandate called the “Anti-blockade Law for National Development and the Guarantee of Human....
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% tax targeting expenses in foreign currency and crypto is having some effects in this regard.
Venezuela Seeks to Strengthen Its Fiat Currency
After having defacto dollarization, which the president of the country called an “escape valve” from....