Venezuela News and Articles


Petro coin

Venezuelans selling Petro on LocalBitcoins at half price

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Venezuelans, who got state crypto coins as a result of free distribution, now trade it on LocalBitcoins for half the official rate. The authorities of Venezuela lately carried a free distribution of Petro coins, as a result of which each citizen received 0.5 Petro. The authorities insist that the...

Venezuela Locha Blockchain

Venezuela develops solution to use bitcoin without Internet

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The Venezuelan development team is preparing a new solution for BTC operations without an Internet connection. The solution is a mesh network called Locha. The developers are also working on two devices that will allow users to connect to the BTC blockchain using long-range waves. This was reported...

Nicholas Maduro

Maduro announces crypto casino to relief Petro

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President of Venezuela Maduro proclaimed the founding of a new crypto casino in a beaten country where betting rooms have all but gone dead. Maduro said that a new casino is going to be in Ávila National Park’s Hotel Humboldt. The new casino is going to work on Venezuela's national crypto coin...

President of Venezuela

Venezuela’s President Maduro promised to revive Petro Coin

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During his speech on the Constituent Assembly on January 14, Nicholas Maduro vowed to renew the country's flunked crypto coin for everything from federal payments to oil purchases. He mentioned that state-owned Petroleos de Venezuela SA is going to begin negotiations of 5000 barrels in Petros...

Burger King Venezual now accepts crypto payments

Burger King Venezuela now accepts crypto payments

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All-time famous food chain Burger King has implemented not just Bitcoin but other cryptocurrencies to its system as well. So if you live in Venezuela and have Ether (ETH), Litecoin (LTC), Binance Coin (BNB), Dash (DASH), or Tether (USDT) then you can have access to some great food from Burger King!...

Venezuela oil and gold to be sold in Petro coin

Venezuela oil and gold to be sold in Petro coin

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Ever since cryptocurrencies came into existence, they have continued to grow. The latest nation to cash in the trend is Venezuela with its head of state announcing that the nation is set to release its cryptocurrency called Petro. While speaking to the journalists of El Nacional Nicolas Maduro...

Nicolas Maduro

Maduro: Venezuela will activate a crypto payment method soon

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President of Venezuela Nicolas Maduro said in a press conference that the government of his country uses cryptocurrencies as a method for free international and national payments. During the press conference on 30 September, Maduro said that Venezuela is cooperating within the crypto world and...

Government of Venezuela is accused of using cryptocurrencies to bypass US sanctions

Government of Venezuela is accused of using cryptocurrencies to bypass US sanctions

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Venezuelan United Socialist party has been accused of avoiding economic barriers inflicted by the authorities of USA. According to locals, Venezuela avoided penalties by using cryptocurrencies via an airline app known as Jetman Pay. This application receives charges from travellers who buy tickets...

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