Category: Coins

Bitcoin Price Increases 30% In Venezuela Due to Currency Devaluation

Venezuela, the South American country famous for its cheap gas (fuel) prices, has experienced a surge in both Bitcoin volume and price. The country is in the middle of the worst economic crisis ever seen in its recent history. According to the Venezuelan consulting firm, Ecoanalítica, the country’s annualized inflation reached the 1.108% mark. The Venezuelan government has unofficially banned the country’s central bank (BCV) from releasing economic indicators such as inflation figures …
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Bitfinex Unveils Sales Pitch Alongside BnkToTheFuture, Target is to Raise $80 Million

Bitfinex has released today details about a Special Purpose Vehicle (SPV) investment opportunity alongside BnkToTheFuture, in the hopes of raising $80 million in funds to relaunch what it was the biggest Digital Assets trading platform by USD volume. Seven days after Bitfinex told customers in a public announcement about the ‘imminent’ release of details over BFX Token-for-Equity exchange, the company has unveiled a sales pitch. Together with BnkToTheFuture, the company has set a target of €71,085,836 …
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Cryptobuyer Partners With VISA to Give a Free Bitcoin Debit Card for Venezuelans

Cryptobuyer to release a bitcoin debit card in Venezuela. Caracas, Venezuela – September 13, 2016 – Immersed in a severe economic and humanitarian crisis, Venezuela has become one of those cases where creativity and new ventures arise, fueled by the necessity to solve problems and bring solutions to users; such is the case of Cryptobuyer a startup based in Venezuela’s capital Caracas and launched in 2016. Defining itself as an ‘enabler’ …
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XAPO Enables Bitcoin Purchases In Venezuela

Xapo, one of the main Bitcoin wallet providers as well as Bitcoin merchant began selling the cryptocurrency to the citizens of the economically-depressed Venezuela. The company has enabled Bitcoin purchases through their website, for now, the minimum amount of bitcoins to be purchased stands at the $50 mark. Taking into account that the minimum wage in Venezuela is hovering the $50 per month mark one can realize that not everyone will be able …
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