As the situation in Venezuela intensifies, a local bitcoin user details how he and his family use the cryptocurrency to survive the country’s ongoing crisis. Keeping all of his money in bitcoin, he only exchanges small amounts into the hyperinflating bolivar when necessary. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval […]
Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the […]
The post Russia Not Ready for the Petro, Proposes Plan to Aid Venezuela Without It appeared first on Bitcoin News.
Over the past couple of days, the state of Texas was hit by a ferocious hurricane, devastating the region with severe flooding and forcing 30,000 residents towards evacuation shelters. The impact of the storm destroyed a lot of Texan infrastructure and people all over the country are working together to help the region’s residents. Now […]
The post Over $50K in Cryptocurrency Donations Will Help Texas Hurricane Victims appeared first on Bitcoin News.