Venezuela's State-Owned Crypto Platform Patria To Cease Petro Operations

Venezuela's Bold Crypto Pivot Amid Sanctions

PDVSA shifts to cryptocurrency, using USDT to preserve oil revenues and counteract US sanctions, despite the complexities and new challenges this strategy introduces.

Venezuela Uncovers Crypto Money Laundering Tied to State Funds Embezzlement

Second wave of arrests in Venezuela targets laundering of state funds. Tareck El Aissami, Simon Alejandro Zerpa, Samark Lopez implicated in illegal oil sales. Complex scheme involves crypto, evades national controls. Arrests imminent, charges of treason expected.

Behind the Decision: Understanding Binance's Exclusion of Banco de Venezuela in P2P Payments

Explore the strategic move behind Binance's exclusion of Banco de Venezuela from P2P payments. Understand the interplay between traditional banking and modern cryptocurrency platforms, the impact on users and the market, and the future of financial transactions in our comprehensive analysis

Venezuela Ends Petro Cryptocurrency

Launched in February 2018 with the backing of Venezuela's petrol reserves and priced at US $60 per unit, the petro was intended to provide alternative avenues for international financing amid US sanctions.

Venezuelan Police Raid Reveals Bitcoin Mining Rigs And Rocket Launchers In Tocorón Prison

The prison hosted a nightclub, swimming pool, mini zoo, restaurant, as well as crypto mining operations.

Operational issues plague Venezuelan petro blockchain, affecting user transactions

The blockchain of Venezuela's official cryptocurrency, the petro, has been facing operational difficulties, with block production halting and wallets being blocked or eliminated.

Venezuela: 21 officials, businessmen arrested in oil scheme

Attacker Posts Fake XRP Giveaway on PwC Venezuela Twitter Account

Crypto ATM Company BitBase To Launch Services In Venezuela

Bitbase is a cryptocurrency store and ATM company which has now decided to launch its ATM operations in Venezuela this ...

Uphold withdraws with Venezuela, citing US sanctions

The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.