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Colombia Eyes Bitcoin Mining Hub on Renewable Energy

Colombia Eyes Bitcoin Mining Hub on Renewable Energy

President Gustavo Petro proposes a Bitcoin mining hub on Colombia's Caribbean coast, leveraging renewable energy for economic growth.

Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners

Venezuela to Offer Christmas Bonus in Petro Coin to Retirees and Pensioners

Since the launch of Petro, Venezuela's cryptocurrency in February 2018, the government has been trying to expand its use case across almost every activity in the country. To this effect, a tweet from a local news outlet, Venepress, claimed that Venezuela Government would give its Christmas bonus to retirees and pensioners in its cryptocurrency, Petro.

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Government Offers $5 Million Reward for the Arrest of Venezuela’s Head of Petro Cryptocurrency

US Immigration and Customs Enforcement (ICE) has added Venezuela’s head of Petro cryptocurrency agency, Joselit Ramirez, to its most wanted person’s list. The US government seeks to offer a $5 million reward for information leading to Ramirez’s arrest.

Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption

Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption

Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic.

Venezuela Wants Citizens to Pay Taxes in State-Issued Petro Cryptocurrency

Venezuela Wants Citizens to Pay Taxes in State-Issued Petro Cryptocurrency

Venezuela is moving on a mandate that could see taxes being collected using its state-issued cryptocurrency—the oil-backed Petro. The effort is part of a nation-wide campaign to create mainstream use cases for Venezuela’s cryptocurrency.

Chainalysis: Venezuela’s State-Owned Crypto Exchange Possibly Used by Maduro Regime to Launder Funds

Chainalysis: Venezuela’s State-Owned Crypto Exchange Possibly Used by Maduro Regime to Launder Funds

Blockchain analysis company Chainalysis wanted to find out whether the claims of whether Petro aiding Venezuelans are true.

Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation

Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation

Bitcoin's trading volume has set a record high in Venezuela, thanks to the 10,000,000% inflation rate in 2019.

Venezuelans to Bypass Hyperinflation with Bitcoin-Backed Synthetic US Dollars After Years of Extreme Economic Crisis

Venezuelans to Bypass Hyperinflation with Bitcoin-Backed Synthetic US Dollars After Years of Extreme Economic Crisis

A cross-border remittance startup based in Colombia, Valiu has released a new Bitcoin-backed US dollars for Venezuelans to bypass the hyperinflation that has been tormenting their national economy.

North Korea Is Making Its Own Version of Bitcoin

North Korea Is Making Its Own Version of Bitcoin

The hermit state is reportedly in the early stages of creating its own cryptocurrency, Vice News reports.

Lebanon Considers a Central Bank Digital Currency for 2021

Lebanon Considers a Central Bank Digital Currency for 2021

The Governor of The Central Bank of Lebanon Riad Salameh has revealed the possibility of the bank launching a digital currency by 2021.

Bitcoin's Largest Competitor Ethereum Quickly Gaining Ground in Colombia

Bitcoin's Largest Competitor Ethereum Quickly Gaining Ground in Colombia

The South American region has been very receptive to Bitcoin and cryptocurrencies in general. Countries such as Venezuela have experienced extreme situations ranging from inflation of their currency to other economic situations which ultimately renders them useless to persons within that geographical location have been left with little or no choice but to seek refuge in cryptocurrencies.

Are You Ready for Halal Cryptocurrency?

Are You Ready for Halal Cryptocurrency?

Recently, many cryptocurrencies are being introduced to serve different purposes. This time round, halal cryptocurrency is soon coming. But are you ready for it?

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