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As Hospital’s Crumble, Venezuela’s President Airdrops Petros to Doctors

News Nicolas Maduro, a former bus driver and Venezuela’s sitting president, has announced a campaign to support his country’s medical staff amid the coronavirus pandemic by airdropping one Petro to each doctor. The ‘Doctors of the Homeland’ initiative will see each Venezuelan doctor air-dropped on..

Fed’s Quantitative Easing Strategy Holds Long-Term Benefits for Crypto

Analysis These are perilous times, and it hasn’t escaped anyone’s notice that the United States Federal Reserve is doing its part to alleviate the suffering — which began with the coronavirus pandemic and has spread to the global economy. It’s printing more money. “There is an infinite amount of ..

Venezuela’s Struggling Internet Could Make Crypto Trading Tough

News The global coronavirus lockdown has put a strain on Venezuela’s internet, which could logically make crypto participation difficult. As much of the world hunkers down in quarantine, people logically turn to internet-based services for work, as well as a way to pass the time. This mass movemen..

No Evidence of Crypto-Related Charge in Maduro Drug Cases

Analysis Several Venezuelan leaders recently came under fire for alleged criminal acts, although, contrary to initial impressions, the situation did not directly involve cryptocurrency usage. “Maduro and his co-defendants are not alleged to have been involved with crypto, directly,” Ashok Ayyar, c..

Venezuelan President Maduro Used Crypto in Vast Drug Scheme, DOJ Says

As with any technology, people can use cryptocurrencies for both good and bad things. The despot Venezuelan President Nicolás Maduro certainly became a face for the latter category upon unveiling a national crypto, the Petro, back in December 2017. That asset, which Maduro said would be backed by o..

National Digital Currencies: Not Yet Too Big to Fail

Opinion Over 30 years ago, in a January 1988 cover story emblazoned with a phoenix hovering over a paper-money inferno, The Economist offered this semi-prophetic vision of currency: “Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relativel..

Banking Shut Down Drives Crypto Adoption Among Venezuelans

News Peer-to-peer Bitcoin (BTC) trading has surged in Venezuela after shutting banks amid a nationwide quarantine to fight the spread of coronavirus. On March 17, Venezuelan President Nicolas Maduro brought a country-wide quarantine to slow the spread of COVID-19. With only 33 cases of coronavirus..
How Cryptocurrency Transfers Worked During the Venezuela Blackout

How Cryptocurrency Transfers Worked During the Venezuela Blackout

The political and economic crisis of Venezuela seems to be getting worse each day. Despotic President Nicolas Maduro is on the verge of being ousted, and everyone hopes that the transition to a new...

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