Venezuela Cryptocurrency Market

ForkLog 175 11.11.2025

Hyperinflation Drives Venezuela’s Shift to Cryptocurrency

Major retail outlets in Venezuela are increasingly adopting cryptocurrency payments, with projections that by early 2026, these will account for at least 10% of all grocery transactions.

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ForkLog 11 12.08.2024

Venezuela Blocks Access to Binance, Social Network X, and Other Services

Venezuelan authorities have restricted access to Binance, social network X, and several other online services amid unrest following the presidential elections on July 28. Representatives of the platform assured users that their funds remain secure. Estimados Binancians, Al igual que varios sitios web de empresas de diferentes segmentos en Venezuela, incluidas las redes sociales, las […]

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ForkLog 23 19.05.2024

Venezuela Halts Cryptocurrency Mining to Protect Power Grid

Venezuela’s Ministry of Electricity will disconnect “all cryptocurrency mining farms” from the national power grid to manage demand. This was reported by local media, citing a statement from the ministry. “The goal is to disconnect all cryptocurrency mining farms in the country from the national electrical system to avoid high demand and continue providing efficient […]

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ForkLog 24 23.04.2024

Venezuelan Oil Firm Embraces USDT Amid Sanctions

Venezuela’s state oil company, PDVSA, is set to increase its use of the stablecoin USDT for exporting crude oil and fuel oil due to tightened US sanctions. This development was reported by Reuters, citing sources. According to these sources, the transition began last year, aiming to reduce the risk of the state company’s oil sales […]

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ForkLog 30 24.01.2024

LocalCoinSwap Withdraws from Russian and Venezuelan Markets

On January 22, clients of the P2P platform LocalCoinSwap in Russia and Venezuela received letters announcing the company’s withdrawal from these jurisdictions. The information was confirmed in the official Telegram chat. The exchange attributed its decision to “recent changes in the regulatory sphere” in these regions. Source: Screenshot of the letter. LocalCoinSwap announced a complete […]

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ForkLog 12 13.01.2024

Venezuela to Abandon National Digital Currency El Petro

The Venezuelan authorities have decided to discontinue the development of the national digital currency El Petro. On January 15, all coins will be automatically converted into local bolivars, reports Barrons. According to the publication, on the same day, all cryptocurrency wallets on the Patria platform—the “only” site where El Petro is traded—will be closed. De […]

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ForkLog 7 22.09.2023

Venezuela police seize Bitcoin miners from gang-held prison

Venezuelan law enforcement, following the assault on Tocoron prison in the city of Maracay, seized several dozen ASIC miners and a large weapons cache.

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ForkLog 7 27.06.2023

Bitfinex launches P2P services in Argentina, Colombia and Venezuela

The Bitfinex exchange has launched P2P services in Argentina, Colombia and Venezuela for buying and selling crypto assets.

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ForkLog 16 27.02.2023

Some Venezuelan businessmen switch to USDT for settlements to circumvent sanctions

In Venezuela, some companies use USDT for settlements with foreign clients and suppliers.

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ForkLog 7 24.06.2022

Uphold to Pull Out of Venezuela

The crypto trading platform Uphold will discontinue support for users in Venezuela due to the difficulty of complying with U.S. sanctions.

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ForkLog 5 03.06.2022

Media: Venezuela to tighten oversight of Bitcoin transactions

The Venezuelan National Superintendency for Cryptoactives and Related Activities (Sunacrip) plans to strengthen oversight of transactions involving digital currencies.

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ForkLog 7 18.05.2022

U.S. charges 55-year-old dual French-Venezuelan cardiologist with creating ransomware

The federal court in Brooklyn has issued a warrant for the arrest of a 55-year-old Venezuelan on charges of creating a ransomware virus and distributing ransomware programs.

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#Venezuela Cryptocurrency Market