Venezuela’s Bitcoin Trading Explodes Amid Alleged Anti-Maduro Plot – CCN Markets

Venezuela’s government has accused Colombia of backing a violent anti-Maduro plot as the country with the world’s largest oil reserves hits record bitcoin trading volumes. | Source: REUTERS/Manaure Quintero/File Photo The number of Bolivars exchanged for Bitcoin in Venezuela has surged to yet another record high as economic and political woes of the Latin American […]

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Bolivars to Bitcoin: Activists Take Down Venezuela’s Maduro in Crypto Art Exhibit

Venezuelan president Nicolas Maduro will be taken down today. At least his visage, painted on 1,000 bolivars by cryptocurrency-focused artist cryptograffiti, will be. The destruction of the artist’s newest piece – an 11-foot by 10-foot portrait of the Venezuelan leader – will happen in Cucuta, Colombia, about 500 yards from the Simon Bolivar Bridge, a […]

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Trump Pumps Fake Oil Price Crisis While Strangling Venezuelan Exports

Donald Trump sent the oil market into a tailspin Monday with one tweet claiming oil prices are too high and blaming OPEC for it. Is Trump unaware that oil prices are a function of supply and demand? Or is he deliberately shifting the blame off his destructive embargo of Venezuela? Oil prices getting too high. […]

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Venezuela Calls US Sanctions Against Its Petro Cryptocurrency ‘Discriminatory’

Venezuela is pushing back against U.S. sanctions before the World Trade Organization, including ones imposed against its controversial cryptocurrency efforts. The complaint, filed late last month and published this week, addresses a number of actions taken by the U.S. in recent years, claims that the country is infringing on Venezuela’s rights under the General Agreement […]

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Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun converting pensioners’ monthly payments into its controversial cryptocurrency, the petro. According to the Caracas Chronicles, an English-language politics and economics blog based in the country, the government has recently been taking the bolivares (the country’s current fiat currency) paid to its elderly residents and automatically swapping them for petros. Normally, a […]

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