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Venezuela – Magic Cryptocurrency

Venezuela

Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations

Venezuela has announced that petrol stations across the nation will sell gasoline at a reduced price in exchange for the countr...
June 2, 2020
10

Venezuela Appears to Have Hard Forked The Petro

On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for mai...

Bitcoin Acceptance Skyrockets in Venezuela Amid Hyperinflation Crisis

Over 20,000 shops and enterprises in Venezuela will reportedly start accepting crypto by June 1. This news was made available a...

Latin American Markets Post Record P2P Volume in April

Amid declining global volume, Localbitcoins.com continues to comprise a hub for Latin American peer-to-peer (P2P) trade — with ...

Famous Venezuelan Entertainer Quits Acting to Lead Controversial Crypto Startup

Long-time Venezuelan actor and singer, Fernando Carrillo, has announced his retirement from acting. He has decided instead to v...

Bitcoin-Backed ‘Cryptodollar’ to Combat Hyperinflation in Venezuela

Colombian-based cross-border remittance start-up Valiu has launched Bitcoin-backed synthetic U.S. dollars as a means for Venezu...

Binance Latam Lists Bolívar Amid VE’s Struggling National Economy

On April 16, major cryptocurrency exchange, Binance, announced that they are listing the Venezuelan Bolívar (VES) in their peer...

Top Venezuelan Exchange Launches Support for Offline Bitcoin Transfers

Venezuelan crypto exchange Criptolago has announced that it will launch a text message-based payment system that can process tr...

As Hospital’s Crumble, Venezuela’s President Airdrops Petros to Doctors

Nicolas Maduro, a former bus driver and Venezuela’s sitting president, has announced a campaign to support his country’s medica...

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to all...