News about VENEZUELA

News about Venezuela

Venezuelan Sunacrip Tightens Control on Transactions Made Using Unauthorized Exchanges

Sunacrip, the Venezuelan cryptocurrency watchdog, has issued a new internal providence that defines the guidelines it will follow in dealing with reports of suspicious activity related to fintech platforms. The document describes that the use of unau...

Updating this week number here in Venezuela, last week 28 BTC were traded here only measured using LocalBitcoin, one BTC is around 160,000 "new" Bs. (160,000,000,000 "old" Bs.). Monthly minimum wage is around 25 USD!

Hi, I'm a Venezuelan "living" here, for the last years I have been posting these stats here. During these years, monthly minimum wage was gone from 1 USD to 30 USD and then 2 USD and now 25 USD. I use LocalBitcoin stats not because it&#...

37 BTC were traded in Venezuela last week (only measured using LocalBitcoin), highest since Sep21. Monthly minimum wage is 130 Bs. (Bolivares) -around 25 USD-. One BTC is around 152,000 Bs. (Bolivares)

Hi, updating this week numbers, as you probably know I'm a Venezuelan "living" here. Weekly I keep track of the traded amount in BTC/ Bs. (Bolivares, our currency). Years ago this number was so high, over 2,000 BTC weekly in 2019! . Th...

Even with the dip, 33 BTC were traded in Venezuela last week only using LocalBitcoin. Up from 25 BTC last week. Monthly minimum wage is around 24 USD. One BTC is around 162,000 Bs. (Bolivares)

Hi guys. Venezuelan "living" here. I keep track of the traded amount in BTC/ Bs. (Bolivares, our currency), now around 100 BTC are traded monthly. Years ago that number was so high, over 2,000 BTC weekly in 2019! That would mean 8,000 BTC i...

Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

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 in a country that has just exited hyperinflation...

Venezuelan Binance Angel on Local Adoption of Crypto

submitted by /u/MildredKelleye [link] [comments]

Venezuela’s Sunacrip Launches Petro-Based Gift Card Market and Exchange

Sunacrip, the Venezuelan cryptocurrency watchdog, has announced a set of improvements to its Petroapp wallet, allowing Venezuelans to use the petro (PTR) for new functions. The app now has an embedded cryptocurrency exchange that allows users to exch...

Just keeping track. Last week 27 BTC were traded in Venezuela only measured using LocalBitcoin (still used here), a 1 BTC decrease from last week. This week, new monthly minimum wage will start rolling, around 28 USD monthly, old wage was 2 USD per month.

Hi guys as I always do, I'm posting the numbers of the BTC traded measured using LocalBitcoin here in Venezuela. I'm Venezuelan living here. One BTC is around 180,000 Bs. (Bolivares, Venezuelan currency) There are others exchanges, with much...

Venezuelan Minimum Monthly Wage Not Pegged to the Petro, According to Official Gazette Decree

submitted by /u/Mean_Listen [link] [comments]

Supreme Tribunal in Venezuela States Sunacrip Has Strategic Role, Voids Earlier Sentence

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 significance for the country. The sentence also voids certain...

Venezuela, bitcoin oil and the multiverse.

Venezuela is a parallel reality, there is a huge group of people who depend on a subsidized box of food per month with poor quality products with little access to education, health and services such as electricity with constant cuts, dream internet s...

Venezuela Increases Minimum Monthly Wage to Half a Petro

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 salary would be half a petro, the national...

Russia, Venezuela, Turkey are all examples of people in power destroying economies due to personal greed. This is why decentralization is so important. Not giving someone power to be able to destroy lives due to greed.

Do the Russian citizens want war? No. Putin wants war, so they will have a war. Politicians create wars, not people. This war has major problems for both sides citizens. Obviously people in Ukraine are/will suffer far worse than the Russians but bot...

Infura Mistakenly Leaves Venezuelan Users Without Metamask Support

Infura, the service provider of Metamask, one of the most used smart contracts-based wallets, blocked the access of Venezuelans to the Ethereum blockchain. Reports about this happening circulated on social media, attributing it to the existence of sa...

Venezuela pegs its monthly minimum wage to its national cryptocurrency (stablecoin) "Petro", now monthly minimum wage is around 28 USD (0.5 PTR) a 1,300% increase over the old minimum wage, 2 USD monthly!

Hi guys, Venezuelan "living" here. This was done also in 2018, but it lasted only two months the wage was unpegged and wage plumeted to around 2 USD monthly. Let's hope this time it stays and keeps going up! Yes, you are reading it righ...

Iranian, Venezuelan OpenSea Users Blocked From NFT Platform As Russia Sanctions Grow

Accounts belonging to OpenSea users with Iranian IP addresses have been canceled in the face of a growing debate regarding international sanctions and Russia’s attack on Ukraine. As pressure mounts on large cryptocurrency exchanges such...

Iranian, Venezuelan OpenSea Users Blocked From NFT Platform Over Russia’s Attack On Ukraine

Can we Stop the MetaMask/Venezuela nonsense?

Sorry for the rant but: Guys please use your brains… If you use a bitcoin light wallet the same thing can happen as you are relying on a centralized node service to connect to the network that can block your ip from connecting to it if desired. Metam...

Are MetaMask Venezuela Rumors True?

Is there anyone here from Venezuela? Can you confirm that you cannot use MetaMask? I want to fact-check this news I have seen across Twitter. submitted by /u/AlexandreL1984 [link] [comments]

Decentralization? Metamask suspend operations in Venezuela citing "compilance with laws". How do I get out my 0.005 ETH?

Hi guys, Venezuelan living here in the country, crypto enthusiast. It is very strange considering Metamask has been working and being used here for years without any problem. Could be the Russia situation? Is not a secret Venezuela supports Russia, b...

Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension

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 measures could affect the finances not only of Venezue...

26 BTC were traded last week in Venezuela! (Only measured using LocalBitcoin), same than last week. One BTC is around 170,000 "new" Bolivares (Bs.) that would have been 170,000,000,000 "old" Bs. back in October! Monthly minimum wage still is 2 USD.

Hi guys, I'm Venezuelan and live here in the country, crypto enthusiast! I have been posting these updates for more than 3 years, way before moons. Hope I don't anoy you. This measurement I take is only with LocalBitcoin, which is still very...

Venezuela Might Have Cryptocurrency ATMs Again Soon

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 ATM company, is currently in talks with Vene...

26 BTC were traded last week in Venezuela! (Only measured using LocalBitcoin) where monthly minimum wage is around 2 USD and average wage is around 80 USD monthly! This is after six zeroes were removed from our currency (Bolivares, Bs.) in Oct. 2021 by la

Hi guys, as you know I'm Venezuelan and live here in the country, crypto enthusiast! I have been posting these updates for more than 3 years, way before moons. Still around 100 BTC monthly, a good amount but way lower what we were used to years...

Venezuela update. 35 BTC were traded last week only measured using LocalBitcoin (up from 28 BTC last week), goverments wants to tax crypto transactions up to 20% and still, monthly minimum wage is around 2 USD! One BTC is around 190,000 BS (Bolivares), af

As you know I usually post this weekly update. I'm a Venezuelan living here, a crypto enthusiast. There was a increase from last week, very interesting biggest traded amount since September 2021!. Years ago, LocalBitcoin was trading over 500 BTC...

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