Sharing economy On Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month. According to the nonprofit, the $1,000 will be divided between both organizations in order to help the Eatbch crew provide
Advertisement The amount of Venezuelan bolivars being spent to purchase bitcoin has risen to record levels as the South American country experiences unprecedented hyperinflation and a worsening economic crisis. Per Coin Dance, bitcoins worth nearly 900 million bolivars have been traded so far this week in Venezuela, and this is already higher than last’s week
Venezuela is rapidly becoming an exemplar of a socioeconomic basket case. More than a decade of wildly ineffective government policies have left the once prosperous nation in dire straits. CoinCola, a leading crypto exchange, recently announced they would be taking steps to help Venezuelans escape from a broken monetary system with discounted transaction fees and
Regulation A bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U.S. residents from providing software to the Venezuelan government in its efforts to launch the Petro. Also Read: Venezuela Demands Citizens Pay for Passports With Petro U.S.
This article was originally posted on Ethereum World News – an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain Ecosystem. For more follow the link below. Venezuela-Issued Passports Now Cost 2 Petro Venezuela is in turmoil — the local currency is inflating at an unsustainable rate, citizens are losing