Binance Reaches Twitter Trending Topic Status in Venezuela
Binance, one of the largest cryptocurrency exchanges worldwide, has reached a trending topic status in the Twitter social network sphere in Venezuela. The trend before the weekend, shows just how important cryptocurrency topics are for the citizens of the country at the moment. Cryptocurrencies are extremely useful tools for Venezuelans to save their purchasing power and Binance is currently the most popular exchange in the country due to its robust peer-to-peer market. Interest in the company and its services has been peaking in the country. Binance Becomes Trending Topic in Venezuela To....
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Well here's the surprise of the century. Not long ago, Bitcoin was trending on Chinese search engine Baidu. And then it was trending on Yahoo. It didn't end there, though. It began to trend on Google, too. But now, the very topic of Bitcoin is trending on Wikipedia (see above image, via Reddit). With over 137,000 views today, it's put in second place right behind Halloween. That's pretty impressive. That makes the cryptocurrency a more popular read than, say, Boston Red Sox, Facebook, and Eminem's new album on the online encyclopedia. Pretty impressive. Oh, and Happy Halloween!
So far, three Bitcoin exchanges have established themselves in Venezuela. SurBitcoin is by far the biggest, whereas Yabit and Cryptobuyer are relatively new on the scene. Bitcoin remains one of the most popular commodities in all of Venezuela. The country is plagued by hyperinflation, and consumers have very restricted access to financial assets. Bitcoin provides an excellent opportunity to hedge against further inflation of the Bolivar, as well as invest in the future. The month of July has been a particularly good one for Venezuela. The number of transactions per week continues to....
All Pizza Hut locations in Venezuela now accept a broad range of cryptocurrencies, including bitcoin, via the payment platform Cryptobuyer. Pizza Hut joins Burger King, Intercontinental Hotel, Traki, and several other major stores in Venezuela that accept bitcoin. Pizza Hut Accepts Bitcoin Cryptobuyer announced on Friday that all Pizza Hut restaurants in Venezuela now accept cryptocurrencies, including bitcoin. The company wrote: From today, you can share with your family and pay with cryptocurrencies … in any of the Pizza Hut restaurants in Venezuela. The announcement adds that....
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....