Venezuela Cryptocurrency Market

ForkLog 6 22.11.2021

La Guaira governor promises scholarships to study cryptocurrencies

The newly elected governor of La Guaira (Venezuela), Jose Alejandro Teran, proposed awarding scholarships to students of Centro de Formación Tecnica to study mining and cryptocurrencies.

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ForkLog 9 01.11.2021

Venezuela Seizes More Than 100 Bitcoin Mining Devices

Authorities in Venezuela seized more than 100 Bitcoin mining devices in the Palo Verde residential area (Miranda state) for illegal mining, according to Morocotacoin.

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ForkLog 15 11.10.2021

Venezuela’s Maiquetía airport to accept cryptocurrency payments

The Simón Bolívar International Airport in Maiquetía, Venezuela, will add the option to pay for airline tickets and other services with Bitcoin, DASH and the national digital currency El Petro.

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ForkLog 6 30.08.2021

In Venezuela, a man is suspected of staging his own kidnapping to steal $1.15 million in Bitcoin

Venezuelan authorities are searching for a 23-year-old man who allegedly orchestrated his own kidnapping to steal bitcoins worth $1.15 million. This was reported on Instagram by Douglas Rico, head of the police department for scientific, criminal and forensic investigations.

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ForkLog 9 06.08.2021

Venezuela to launch digital bolivar in October

The Central Bank of Venezuela said it would put the digital bolivar into circulation on 1 October 2021.

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ForkLog 8 03.05.2021

Venezuela shifts subsidies to the El Petro digital currency

Venezuela's President Nicolás Maduro ordered social payments to be made in the national digital currency El Petro.

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ForkLog 7 25.04.2021

Venezuelan aviation school offers discounts for Bitcoin payments

The Caracas Air, the largest aviation training centre in Venezuela, began accepting the first cryptocurrency as payment.

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ForkLog 17 09.03.2021

Venezuela’s bank enables citizens to buy stablecoins

The Bank of Venezuela's partnership with the fintech startup Glufco will enable citizens to buy dollar-linked stablecoins through the state Biopago biometric payments system. Decrypt reports.

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ForkLog 10 09.12.2020

LocalBitcoins: Russia, Venezuela and Colombia accounted for 40% of trades in 2020

The largest volumes of bitcoin trades via the LocalBitcoins p2p trading platform this year were carried out by users from Russia (17.4%), Venezuela (12.3%), and Colombia (11.3%). The data are provided in the company's blog.

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ForkLog 9 02.12.2020

Venezuela arrests suspects in $2 million Bitcoin theft

Authorities in Venezuela arrested two people who allegedly stole 101 BTC (over $1.9 million) from a local cryptocurrency exchange. Decrypt reports.

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ForkLog 15 30.11.2020

Venezuelan Army Turns to Cryptocurrency Mining

In Caracas, a centre for mining digital assets by the Venezuelan armed forces has opened. The facility occupies space within the Fort Tiuna headquarters. The military described the mining centre as an example of cooperation with the civilian sector. The video shows that part of the equipment consists of Antminer devices from Bitmain. View this post on Instagram. Post by 61 Brigada Codazzi (@ejb_61brig). The volume of computing power is not specified by the brigade officials. In their view, the project is an unfettered source of income. In late September, Venezuela allowed miners to operate provided they had a licence from Sunacrip and joined the national pool. In November, one of the Venezuelan miners reported that Corpoelec began forcibly disconnecting equipment in Carabobo state. Subscribe to ForkLog on YouTube!

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ForkLog 6 30.11.2020

Venezuela’s Pizza Hut branch begins accepting Bitcoin

American chain Pizza Hut has begun accepting Bitcoin and other digital currencies in its Venezuelan branches. The processing service Cryptobuyer acted as partner.

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