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 Venezuela, the minimum public service wage is $2.5 per month and the average salary is about $50, while a basket of basic groceries for a family of five costs about $220.

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

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, ...

Venezuela has become the latest country to adopt a digital currency. The new Digital Bolivar is available as paper money but can also be used over SMS to facilitate payments for goods and services.

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.

According to Bloomberg, Venezuelan President Nicolas Maduro announced on Friday that he intended to link a new national currency, the sovereign bolivar, to a cryptocurrency of his own government's ...

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 ...

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 ...

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 digital” — ...

The official exchange rate of Venezuela's bolivar went from 4.18 million to the US dollar overnight to just 4.18 as the impoverished country slashed six ...