Venezuela

Lightning Torch Reaches Final Destination, Over 0.4 BTC Donated to Humanitarian Aid

Charity-focused organization Bitcoin Venezuela tweeted on April 10 that the so-called Lightning Torch had reached its final destination, with all…

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The…

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency.…

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary…

Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela, first due to hyperinflation and later due to dollarization, could come to play a…

P2P Markets: Russian Localbitcoins Trade Outpaces Venezuela

During the week of March 2, roughly 14,365 BTC changed hands via peer-to-peer (P2P) exchange Localbitcoins, equating to approximately $51.51…

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