Ernesto, a gastronomic entrepreneur in Cumaná, a coastal Venezuelan city facing the Caribbean Sea, initially thought that Venezuela’s new digital bolivar — English translation of “bolivar ...

In total, Venezuela plans to issue 100 million digital tokens, ... sale of the petro will only be in dollars — a sign of how much Venezuela’s own currency, the bolivar, ...

The cryptocurrency exchange El Dorado — often used as a benchmark for Monitor Dólar — also shut down operations in Venezuela ...

What’s new, however, is the direct link between the Venezuelan government and a digital currency. Unlike bitcoin, the Venezuelan version would be backed by and linked to a fraught economy.

Because of the hyperinflation process, as of next October the Venezuelan currency, Bolivar, will lose six zeroes, the central bank announced on Thursday, This is the third time in thirteen years ...

Venezuela faces economic turmoil as its currency crashes. President Nicolas Maduro's government is arresting economists and ...

And, unlike the Venezuelan bolivar, the virtual currency has been going up in value. Making bitcoins is known as “mining,” but it requires a powerful computer instead of a pick and shovel.

Digital currency in the online role-playing game “World of Warcraft” is now worth more than the free-falling Venezuelan bolivar. According to websites that track the value of each currency ...

Venezuelan President Nicolas Maduro is pressing banks to implement digital payment systems as hyperinflation prompts chronic shortages of cash in the bolivar currency, three people familiar with ...

Mérida, August 7, 2021 (venezuelanalysis.com) – The Venezuelan Central Bank (BCV) will overhaul the national currency beginning in October. A BCV communique on Thursday announced the launch of the ...

Venezuela will remove six zeros from the bolivar in another attempt to save a currency that has been wracked by years of hyperinflation.