Tag: Venezuela

  • Maduro

    Maduro Mandates Venezuela’s Petro to Become Second National Currency

    Facing hyperinflation as well as international sanctions that have brought Venezuela to its knees, controversial President Nicolás Maduro has mandated that his recently-developed Petro cryptocurrency become the nation’s second official currency. Maduro Adopts the Petro as Venezuela’s Second National Currency The news was announced by Maduro in a televised address today, and will...

    newsbtc | August 14, 2018 | 7:30 pm
  • china crypto

    Crypto to Expand Mobile Payments to Rural Networks Without State Control

    China, which is on its way to becoming a cashless society, highlights how cryptocurrencies could be used for all global payments. However, the overreaching control of the Chinese state shows why cryptocurrencies are needed to maintain the financial freedom of citizens. Mobile Payments Used in Rural Villages Roughly...

    tim copeland | July 16, 2018 | 2:00 pm
  • Korea

    Nano Community Rushes To The Aid Of Venezuelan User Amidst 40,000% Inflation

    Venezuela’s economy has been breaking down for months, if not years, with its currency inflating unsustainably. This has lead users to seek ways other than the Venezuelan Bolivar to transfer value, with cryptocurrencies, like Nano, quickly becoming an alternative currency. Users Donate $600 In Nano To Life-Changing Results...

    Nick Chong | July 6, 2018 | 6:19 am
  • Bitcoin

    Crypto Mining Company Responds to Android Malware Outbreaks

    A mining equipment company CEO has responded to issues raised by mining malware hacks infiltrating Amazon Fire software and Android devices saying that it is not representative of the industry. Talking to NewsBTC, he also said that more crypto mining companies are likely to get listed on the...

    tim copeland | June 14, 2018 | 2:00 pm
  • Bitcoin Mining

    Officials in Venezuela Begin Confiscating Imported Bitcoin Mining Hardware

    Venezuela is an important region in the cryptocurrency world. So far, consumers and corporations have shown a keen interest in cryptocurrency. It seems that situation may come to change fairly soon. Local sources indicate the government is confiscating any hardware related to cryptocurrency mining. The Bitcoin Situation in...

    newsbtc | May 31, 2018 | 9:00 pm
  • Mining

    Venezuelans Turn to Cryptocurrency Mining to Generate Passive Income

    The Bolivarian Republic of Venezuela is home to one of the worst hyperinflation crisis in the world. Because of this, citizens are increasingly turning to mining cryptocurrencies to make up for their lack of funds. Cryptocurrency Mining Boom One major reason that crypto mining is booming is because...

    newsbtc | May 26, 2018 | 7:05 pm
  • Crypto

    Venezuela Coaxes India to Pay For Crude Oil With Petro Cryptocurrency

    Venezuela’s Petro cryptocurrency has been off to an interesting start. Despite clear opposition from various countries, the Venezuelan governments want to improve the widespread use of this currency. As such, the government is now looking at India to purchase crude oil from Venezuela at a 30% discount. This...

    newsbtc | April 30, 2018 | 1:44 pm
  • Bitcoin

    Inflation at 8900% Turns Venezuelans to Bitcoin In Record Volumes

    Venezuela, the most hardline socialist country in the American continent, is in a steep crisis in recent years ever since oil prices fell below the $100 area in 2014 down to a third of the price in early 2016. The people are turning to Bitcoin as spiraling inflation destroys...

    Ricardo Esteves | April 20, 2018 | 11:39 am

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.


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