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Tag: bolivars

Venezuela Pulls The Plug On Controversial Petro Crypto After Six Years

Advertisement &nbsp &nbsp Venezuela’s oil-backed Petro cryptocurrency will cease to exist starting Monday, as per press reports. After roughly six years of struggling to...

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Meet the Crypto Rich Who Want to Live Forever: Inside Vitalik’s Zuzalu – Decrypt

Around 200 key players in the fields of crypto, big pharma, politics, and academia flew home this past weekend after spending upwards of two...

Venezuelan Banking Watchdog to Oversee Crypto Transactions to Preserve Currency Stability

Sudeban, the Venezuelan banking watchdog, is currently working on a mechanism to review crypto-related transactions in real-time to control the influence these have...

Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem

The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to...

Mexico’s Third Wealthiest Man Reveals Why He Wants To Hold Bitcoin Over The Next 30 Years

Mexico’s Third Wealthiest Man Reveals Why He Wants To Hold Bitcoin Over The Next 30 Years
Ricardo Salinas, the third wealthiest man in Mexico, says fiat is fraud because it does not have a finite supply and all governments do is deflate people’s assets by “emitting” or printing more of it into the supply. Salinas, who already has 10% of asset value invested in Bitcoin, says he would choose Bitcoin as […]

Fiat is a Fraud, Buy Bitcoin Says Billionaire Salinas

Ricardo Salinas Pliego

“Fiat is a fraud. Look, I started my career in 1981, the Mexican Peso was 20 to $1. Today we are at 20,000 to 1. And that is in Mexico,...

How Cryptocurrency Is Protecting Venezuelans From Hyperinflation

Bitcoin, Dash, Reserve, EOS, Ether on the road to national adoption in Venezuela

Reserve Rights (RSR) gains 300% as stablecoins gain regulatory approval

Global stablecoin adoption and uncontrolled hyperinflation in Venezuela and Argentina have helped push Reserve Rights to a new all-time high.

The Venezuelan Petro: Failed Digital Token or Diamond in the Rough?

It’s no secret that Venezuela’s economy is fraught with problems stemming from an ongoing political crisis and a shaky monetary policy. The country...

Crypto Users Can Now Buy Fractional Shares in Google, Tesla & More

On June 25, Uphold announced that they will allow users in Latin America to use cryptocurrency to acquire fractional ownership of the world’s...

Venezuela Is a Testing Ground for Digital Dollarization (and Zelle Doesn’t Like It)

J.P. Koning, a CoinDesk columnist, worked as an equity researcher at a Canadian brokerage firm and a financial writer at a large Canadian...

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