According to TradingView data, BTC price changes have been concentrated around annual highs. The price of bitcoin held steady over the weekend as attention was drawn to geopolitical developments in Russia and its neighboring countries. As the day went on, tensions decreased, but interest in how the markets would respond on June 26 at the […]
Venezuela
MetaMask Blocks Venezuelan Users Amid Sanctions
Venezuelan MetaMask users claim they can no longer use the popular digital asset wallet. On Wednesday, messages concerning the problem began to appear on social media, with multiple cases spreading by late Thursday morning. The API for Infura, a blockchain node infrastructure network, is thought to be the culprit. “MetaMask and Infura are inaccessible in […]
Venezuela Citizens To Have 24/7 Access To Bitcoin With Blockstream’s Satellite Node
Developed countries steering towards the adoption of technological developments, developing countries, and underdeveloped countries aren’t lagging behind. Particularly in the adoption of cryptocurrencies, the latter has been keener on the topic. Venezuela stands as substantial proof of the same. The latest news from the country further emphasizes its interest in cryptocurrencies. Satellites To Address Internet […]
P2P Bitcoin Exchange Paxful Announces Departure from Venezuela
Nicolás Maduro’s regime in Venezuela has so far failed to tackle corruption that exists at every government level, chronic shortages of food and medicine, unemployment, growing human rights violations, and not to forget – the rampant hyperinflation. At a time of such a massive scale of socio-economic and political crises, Venezuelans had turned to Bitcoin […]
Ukraine, Venezuela Way Ahead Of US In Terms Of Crypto Adoption
The first cryptocurrency was dropped into the world in 2008. More than a decade later and thousands of cryptocurrencies have been launched so far, the industry has seen a significant increase in both value and popularity. From being associated with the dark web to being widely adopted across the globe, the crypto-verse has come a […]
Venezuela Outlaws Crypto Mining Activities in the Country
Venezuela has recently banned the trade in crypto mining in the country. The ban is mainly aimed at citizens who reside in all government-owned houses and in all their surrounding vicinity. In a maiden announcement on Friday, Minister of Habitat and Housing, Iidemaro Villarroel, said that the continued use of crypto mining could have an […]
Bank of Venezuela Banned by P2P Exchange Firm Due to US Sanctions
Citing US sanctions against Venezuela, Paxful, a peer-to-peer bitcoin exchange platform, has notified its clients that it will no longer accept transactions from the most important financial institution in Venezuela, the Bank of Venezuela. As a matter of fact, trading in Venezuela for the digital currency is now more difficult for bitcoin traders, even though […]
Venezuela Crypto Head Added to Most Wanted List by US Customs Authorities
The United States Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations office based in New York city announced on June 1 that it had included Venezuela crypto head to its most persons list. According to the ICE, the superintendent to Venezuela’s cryptocurrency, Joselit de la Trinidad Ramirez Camacho is cited to have “having deep political, […]
Venezuela Increases Monthly Minimum Wage to $2 as Citizens Protest Failed Promise
Countries in Latin America have taken to the cryptocurrency market due to the problems they face with their national currencies. Venezuela was a major example in this department, taking its citizens to crypto to avoid Bolivar’s crumbling. Venezuelan President Nicolas Maduro recently took to the public forum to inform that the government would be raising […]
Banking Closure in Venezuela Drives Bitcoin Trading Amid COVID-19 Pandemic
Following the spread of coronavirus across the world, President Maduro has ordered national quarantine in Venezuela. Only 33 cases of COVID-19 were reported to have been confirmed in the South American nation. Irrespective of the number, the President decided on March 17 to put the whole country in quarantine. The emergency action taken by President […]