Tag: Venezuela

  • india

    India Making Plans to Launch Its Own Government Backed Cryptocurrency

    Despite its best efforts to keep crypto out of India, it appears that the Indian government is still not willing to completely exclude cryptocurrencies. According to the new announcement, India is making plans to launch its own digital currency. India Plans to Launch a Government-Backed Cryptocurrency One senior...

    Ali Raza | October 10, 2018 | 3:00 pm
  • Venezuela

    Venezuela Formally Releases Petro, Will It Aid the Country’s Economic Recovery?

    Venezuela’s oil-backed cryptocurrency, the Petro, will be released to the global markets this Monday, marking one of the first cryptocurrencies in the industry to be created and administered by a government. The cryptocurrency is part of the government’s “Economic Recovery, Growth, and Prosperity Program” that came about after...

    Cole Petersen | October 2, 2018 | 8:00 pm
  • Dash Text

    The First SMS Wallet Service Launches Enabling Dash Remittance Payments

    A Venezuela-based company has introduced the first SMS wallet service exclusively for Dash transactions, enabling payments to be sent and received in the country without a smart phone or internet connection. Venezuela Turns to Dash Last month, Ryan Taylor, CEO of Dash Core Group, said that it was...

    Rebecca Campbell | September 24, 2018 | 8:30 pm
  • FSMA

    ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity

    The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash remains widely used within the monetary union. ECB Studies Potential...

    Ricardo Esteves | September 15, 2018 | 8:30 pm
  • Cryptocurrencies

    Cryptocurrency Remains Safe Haven as Economies of Venezuela And Turkey Collapse

    Critics of crypto often talk down on this asset class due to its volatile nature and price instability/unpredictability, however, in countries prone to economic instability, crypto assets can prove to be a safe haven in periods of rampant inflation and flawed monetary policy. Crypto — An Unexpected Safe Haven...

    Nick Chong | September 4, 2018 | 12:30 pm
  • Petro

    Report Finds Venezuela’s Petro is Not Being Used in the Country

    Following the creation of Venezuela’s state-backed cryptocurrency, the Petro, citizens in the economically tumultuous country say that use of the Petro is nowhere to be found. The new investigative report from Reuter’s comes just a couple weeks after President Maduro declared it as the second national currency and...

    Cole Petersen | August 30, 2018 | 9:00 pm
  • Petro

    Venezuelan President Orders Banks to Adopt Petro

    In an effort to fight back against the ill-effects of his presidency’s economic policy, Nicolás Maduro has ordered Venezuela’s banks to accept the petro digital currency as a unit of account. The Venezuelan President has also increased public’s minimum wage, price of petrol, and VAT in his latest...

    Rick D. | August 28, 2018 | 11:00 pm
  • Venezuela

    Dash Sees Surging Adoption Rates in Hyperinflation Stricken Venezuela

    The cryptocurrency Dash is becoming more widely used and accepted in Venezuela. The nation’s economy has long suffered under socialist guidance, and hyperinflation is forcing citizens to look for alternatives. Two Hundred New Merchants a Month Using Dash The South American country of Venezuela is seeing surging rates...

    Rick D. | August 22, 2018 | 6:45 pm
  • Industry

    Crypto is Taking Over Venezuela, Due to the Country’s Destroyed Fiat System

    Venezuela is facing hyperinflation and international sanctions that have brought the economy and its people to their knees. In response, President Nicolás Maduro recently mandated that his Petro crypto will become the nation’s second official currency starting tomorrow, August 20. In relation, some believe a “post-fiat” world is emerging in...

    Thomas Delahunty | August 20, 2018 | 9:00 am

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