Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts

Locha Mesh is building software and hardware for connecting to bitcoin's Lightning Network – even when the power's out.

Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America

Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.

Venezuela’s Bitcoin Birth Proves Crypto Beats Gold in Hyperinflated Economy

A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña...

Venezuela’s Bitcoin Birth Proves Crypto Beats Gold in Hyperinflated Economy

A Venezuelan man has used the bulk of his bitcoin savings to pay the medical costs of his son’s birth. Many consider adequate healthcare a universal human right but only few in the inflation-ridden country can actually afford it. José Rafael Peña...

Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims

LocalBitcoins data is a starting point for research, but it isn't conclusive evidence of grassroots adoption.

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.

Desperate Maduro Trumpets Crypto Payments with China and Russia

Venezuela’s President Nicolas Maduro has openly declared his regime’s love for cryptocurrencies like Bitcoin and Ethereum. The controversial politician on Tuesday said his government is using cryptocurrencies to access national and internat...

Venezuela’s State-Run Oil Company Has a Secret Bitcoin Stockpile

A recent Bloomberg report suggests that the central bank of Venezuela is looking to add both bitcoin and Ethereum to its international basket of currency reserves. The call for digital solutions was trumpeted by state-owned enterprise Petróleos de Venezuela S.A (PDVSA) which is apparently sitting on its own secret stockpile of bitcoin. The energy behemoth […]

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Maduro Mandates Petro-Financed Public Housing Scheme in Venezuela

Venezuelan President Nicolas Maduro has mandated that the country’s oil-backed cryptocurrency, the Petro, must be used to fund the ‘Great Housing Mission Venezuela’ social housing program. Ildemaro Villarroel, the minister of popular power for habitat ...

Venezuela’s Maduro Mandates Petro Use in Funding of Social Housing Project

Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.