Venezuela is turning to cryptocurrencies amid economic chaos and hyperinflation, with crypto adoption surging recently.
Venezuelans are opting for crypto over the dollar to combat inflation, says a report.
Bitcoin mining can lead to increased rates, weakened grids, and power blackouts in countries such as Iran.
Argentine President Javier Milei plans to allow free currency use, including Bitcoin, in 2025, following El Salvador's approach. Proposed tax reforms aim to reduce 90% of national taxes and enhance crypto adoption. South America's crypto momentum is rising, with significant advances in Brazil and Venezuela.
Forex trading in Venezuela offers a unique opportunity to earn income by trading currency pairs. It's an appealing option for those seeking financial stability amid the country's economic challenges. Understanding how to start trading effectively is crucial for success.
Vitalik Buterin envisions a future where prediction markets evolve into "info finance," reshaping sectors like social media, science, and governance by merging information with finance through blockchain. He highlights their accuracy in elections and potential in decentralized organizations, supported by AI's integration for micro decision-making markets.
El Dorado CEO Guillermo Goncalvez highlights stablecoins as a resilience tool in Venezuela, where the devaluation of the local currency has driven citizens toward dollar use and increased stablecoin remittances.
Venezuelans increasingly use USDT as the dollar exchange rate rises. Government attempts to control the black market with bank dollar injections have limited effect, boosting Tether's popularity.
Venezuela is poised to become a major crypto market in Latin America, but there are factors impeding its growth. Latam Insights explores the potential and barriers.
Venezuela's cryptocurrency market saw significant growth last year, according to Chainalysis. A consortium in Brazil is launching a stablecoin pegged to the real, and Littio is leveraging Avalanche to provide yield-bearing dollar-based savings accounts.
Argentina updates crypto tax laws, impacting gains from sales and income sources. Binance holds cybersecurity seminar in Mexico. Worldcoin expands to the Dominican Republic amid EU challenges. Venezuela's crypto market grows 110%, driven by economic instability and stablecoin popularity.
A Chainalysis report reveals significant crypto growth in Latin America, with Venezuela leading in growth at 110%, despite economic challenges. Argentina surpassed Brazil in cryptocurrency value received, driven by stablecoin adoption.
Five countries including Paraguay, Venezuela, El Salvador, Argentina, and Kenya are considering Bitcoin mining to boost their economies by utilizing abundant energy resources.
Venezuela opposition leader María Corina Machado proposes adding Bitcoin to the nation’s reserves, facing political challenges ahead.
This week's LATAM Crypto Roundup features Argentina protecting crypto scam victims, Bancolombia's Wenia integrating Solana and Arbitrum, Enegix's new mining data center in Brazil, high crypto adoption in LATAM, and Venezuela seizing Bitcoin mining machines lack proper permits.
Alena Afanaseva, CEO of BeInCrypto, discusses the company's growth, challenges, and future plans in the rapidly evolving crypto media industry, highlighting the importance of adaptability, team diversity, and innovative strategies.
Bitcoin plays an increasingly critical role in Venezuela's political conflict, offering financial sovereignty to both the opposition and Maduro's regime.
The latest Latam Insights Encore discusses how Bitcoin's uncensorable nature is being utilized by both opposition and government in Venezuela amid economic turmoil.
Venezuelan army seizes 35 Bitcoin mining rigs in a crackdown on an illegal farm in Guárico.
Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, while President Nicolás Maduro suggests that Venezuela must retake the crypto path. GAFILAT report indicates bitcoin has not...
This week's LATAM Crypto Roundup covers Mexico's investigation into Worldcoin, MicroStrategy CEO's Argentina visit, and more. Highlights include Venezuela's Bitcoin proposal, Bitcoin's limited impact in El Salvador, and Meta's data usage in Brazil.
Venezuelan opposition leader Maria Corina Machado proposes a national Bitcoin reserve to combat economic instability amid rising BTC adoption globally.
Venezuelan opposition leader Maria Corina Machado proposes a Bitcoin reserve to protect against hyperinflation and launches a Bitcoin donation campaign.
Venezuelan opposition leader Maria Corina Machado sees Bitcoin as a crucial tool for combating the nation's severe inflation and economic issues.
Bitcoin adoption is set to increase in Venezuela backed by opposition leader Maria Corina Machado, who calls Bitcoin a lifeline amidst economic challenges. Crypto executives expect positive market impacts.
Venezuelan opposition leader María Corina Machado highlights Bitcoin's vital role in combating the country’s economic collapse and authoritarian rule under Chávez and Maduro.
Venezuelan opposition leader María Machado proposes a national Bitcoin reserve.
Venezuelan opposition leader María Corina Machado plans to use Bitcoin as a national reserve asset, inspired by Trump's strategy.
Venezuelan opposition leader María Corina Machado calls Bitcoin a 'lifeline' for Venezuelans facing hyperinflation under Chávez and Maduro.
Maduro pledges to revive Venezuela's cryptocurrency initiatives after a crackdown on corruption involving a $21 billion scandal in the state-run agency Sunacrip.
Venezuela may revisit its cryptocurrency policies as President Maduro signals a possible positive shift.
President Nicolas Maduro suggests Venezuela return to using cryptocurrency despite previous $20 billion losses in the PDVSA-Crypto scheme.