Uphold, a New York-based cryptocurrency exchange, has announced it is closing its operations in Venezuelan markets. The company, which has already had problems with users in the country in the past — ...
Tag: Venezuela
Crypto Exchange Uphold Cuts Off Venezuela Due to ‘Complexity’ of US Sanctions
U.S. sanctions have forced cryptocurrency exchange Uphold to shut off Venezuela—officially this time. In an update to its website’s help center, the U.K.-based exchange noted that it was shutting down...
Uphold halts services in Venezuela, cites US sanctions
Uphold, a cryptocurrency trading platform has said that it will be suspending its services in Venezuela over the sanctions imposed against the country by the United States. Uphold said that Venezuela ...
As Gas Prices Soar, Biden’s Bended-Knee Tour Of OPEC Nations Continues
Russian President Vladimir Putin (L) shakes hands with Saudi Deputy Crown Prince Mohammed bin Salman … [+] during a meeting at the Kremlin in Moscow on May 30, 2017. / AFP PHOTO / POOL / Pavel G...
OPEC Move Is Not Worth Biden’s Hype, And Won’t Stop Record Gasoline Prices
Biden speaking by video with a different cartel, of baby formula makers, June 1, 2020. © 2022 Bloomberg Finance LP Another day, another record for gasoline prices, which hit an average of $4.715 a gal...
Geopolitics Takes A Back Seat As Biden Drops Sanctions On Venezuela
When Biden sent a delegation to Caracas in early March, rumors began to circulate that the U.S. was considering reopening relations with Venezuela as oil prices soared. Now, after a period of silence ...
In 2011, Venezuela Was No. 4 For U.S. Oil Imports; In 2021, It Was Russia
Venezuelan President Nicolas Maduro called a demonstration in the summer of 2019, complete with a … [+] hand-held sign in English, after former U.S. President Donald Trump imposed an economic em...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Coinotizia
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet...
Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied – Emerging Markets Bitcoin News
The government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet...
Purchase Oil From Canada, Not Venezuela
Gasoline prices are reaching record highs and Russian oil imports are ending. As the Biden Administration makes overtures to Venezuela to request more oil, Alberta Premier Jason Kenney asks why the Ad...
Venezuela tops NFT auction charts for Latin countries
TL;DR Breakdown • Digital artist believes that NFTs provide various opportunities for Venezuelans.• Venezuela is one of the first Latin countries to use the cryptocurrency market without restrictions....
Supreme Tribunal in Venezuela States Sunacrip Has Strategic Role, Voids Earlier Sentence – Bitcoin News
The Supreme Tribunal of Justice of Venezuela has stated in a recent sentence that the tasks developed by Sunacrip, the national cryptocurrency and bitcoin mining watchdog, have a strategic significanc...
White House Says ‘No Talks’ About Lifting Venezuela Oil Sanctions
Topline A senior Biden Administration official said the White House has not held discussions about easing oil sanctions on Venezuela, after a rare visit by an American delegation to Caracas on Saturda...
Why Biden’s Killing Of Keystone XL Was A Big Energy Blunder
WASHINGTON, DC – FEBRUARY 03: White House Press Secretary Jen Psaki talks to reporters during a news … [+] conference in the Brady Press Briefing Room at the White House. (Photo by Chip So...
As Biden Bans Putin’s Oil, Is Venezuela A Possible Replacement?
WASHINGTON, DC – MARCH 08: U.S. President Joe Biden speaks in the Roosevelt Room of the White House … [+] March 8, 2022 in Washington, DC. During his remarks, Biden announced a full ban on...
Venezuela Increases Minimum Monthly Wage to Half a Petro – Emerging Markets Bitcoin News
Nicolas Maduro, president of Venezuela, announced an increase in the minimum wage of workers in the country linked to the petro. In the II Workers’ Congress, Maduro revealed that the new value of the ...
Venezuela Will Peg Minimum Wage to Nation’s Cryptocurrency
Key Takeaways Venezuela’s president announced a major minimum wage increase yesterday to a crowd of 10,000. The wages would be pegged to a half of a Petro, a cryptocurrency that launched in 2018...
Venezuela to Raise Minimum Wage 18-Fold By Pegging it to Half a Petro
The South American nation has seen economic struggles for years, whether prompted by hyperinflation or simply low salaries. Now, though, the president – Nicolas Maduro – announced a positive developme...
Ethereum’s Infura Cuts Off Users to Separatist Areas in Ukraine, Accidentally Blocks Venezuela
In brief Infura has blocked access to “certain jurisdictions.” Venezuelan users, Infura says, accidentally got blocked. It had a knock-on effect for users of the MetaMask wallet, which def...
Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension – Economics Bitcoin News
Analysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These meas...
Venezuela Might Have Cryptocurrency ATMs Again Soon – Emerging Markets Bitcoin News
While Venezuela has been a leading country for cryptocurrency adoption in Latam, its citizens don’t have access to cryptocurrency ATMs. However, this might change in the future, as Bitbase, a crypto A...
P2P payments have become more popular in Venezuela – Chainalysis
TL;DR Breakdown • The Latin country has supported crypto-mining since the rise of Bitcoin in 2021.• Venezuela accepts P2P payments in Bitcoin, USDT, and Dash. Venezuela is noted as one of the countrie...
P2P payments spurred crypto adoption across Venezuela in 2021
For Venezuela, 2021 has been a year of considerable changes at the microeconomic level, where even more than in 2020, the results of powerful catalysts for change such as COVID-19 were clearly visible...
Venezuela to put 20% tax on transactions in cryptocurrency
It is being seen as a general trend that although governments across countries make cryptocurrencies legal tenders, but in process, they also levy heavy taxes. The Government of Venezuela recently has...
Venezuela announces 20% tax levy
TL; DR Breakdown Venezuela levy 20% crypto tax payments on transactions The bill will push the adoption of the Petro Venezuela wants a fairground between crypto and Petro The crypto sector has been do...
Venezuela: New tax regime levies upto 20% tax on cryptocurrency transactions
A taxation frenzy has gripped cryptocurrency markets worldwide, as several countries introduced tax regimes for the nascent asset class over the past few weeks. The latest such development has popped ...
Venezuela passes new tax for crypto and foreign currency investments
The global crypto regulatory framework has significantly evolved, and this has largely been attributed to the increased rate of adoption. As one of the largest crypto economies globally, Venezuela has...
Sunacrip Revokes Licenses Of Two Cryptocurrency Exchanges In Venezuela – Regulation Bitcoin News
Sunacrip, the Venezuelan cryptocurrency watchdog, has suspended the operating licenses of two exchanges for lack of compliance with current regulations. The announcement was made by Joselit Ramirez, s...
Venezuela Breaks One of World’s Longest Hyperinflation Bouts
(Bloomberg) — Venezuela broke a four-year bout of hyperinflation, one of the longest in the world, as the socialist government slowed the pace of printing money and the U.S. dollar became the pr...