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Mexico’s Second Richest Person Ricardo Salinas Pliego Is Bullish On Bitcoin

In an interview with Cointelegraph, Ricardo Salinas Pliego said he was bullish on Bitcoin calling it, “the best investment ever.” Ricardo Salinas Pliego, who is the second richest man in Mexico and chairman at conglomerate Grupo Salinas confessed to Cointelegraph in an interview that he first bought Bitcoin in 2013, when it was worth around… Read More

Mexico Leads The Way in Retail Crypto Transactions for Latin America

The financial crisis in Latin American is setting the crypto market up to be the next financial system in the region. While crypto usage is the highest in Venezuela, Mexico has seen the most retail crypto transactions. Research has indicated that 7% of the world economy is comprised of Latin American nations. Since July 2019,… Read More

Welcome to the Global Venezuelan Inflation Hell

There is a lot of money – and it will make most people poor. We think of money as wealth – but it isn’t. Money is a means of accounting and nothing more. You can ask John Law about it – and ask him how the Mississippi bubble ended. Some think that the French Revolution… Read More

Venezuela Wants to Use Crypto to Skirt Sanctions

In a recent public statement, the president of Venezuela, Nicolas Maduro, stated that cryptocurrencies are expected to offer a solution to fight sanctions against Venezuela. Earlier last month the country’s government initiated a new bill to help the nation resolve the impact of US sanctions. As part of the bill, Venezuela will conduct research to… Read More

Venezuela Gets Access to a Satellite-Based Bitcoin Node – Behold the Failure of Government!

Think you need access to the internet to use Bitcoin? Think again! At least for some people in Venezuela – Bitcoin is now a satellite operated payments service. According to new reports out of the economically stricken South American nation continues to descend into a living hell – but Bitcoin is here to help. Anibal… Read More

Venezuela Officially Legalizes Cryptocurrency Mining – Petro Still Laughable Token

All crypto mining activities are now officially regulated by Venezuela’s National Superintendency of Crypto Assets and Related Activities, or SUNACRIP. Miners must comply with strict criteria in order to qualify – which may or may not happen in the poorly run South Ameirican nation. According to Gaceta Oficial, the chief of the SUNACRIP, Joselit Ramirez… Read More

COVID-19 Boosts Crypto Use in South America – Poor Governments Will Drive Use Higher

The global political reaction to COVID-19 has been terrible for the real economy – and one region that has been especially hard-hit is South America. Even before 2020, many nations in South America were struggling with economic woes and political scandals. For those of you who don’t follow South American political trends, the mid 1980s… Read More

Banking System Woes Push Latin Americans to Use Cryptocurrency

The influence of cryptocurrency has been limited in many places in Latin America. The impact of COVID-19 have changed this – and many are turning to cryptos as a means of savings and payment. Blockchain research from Chainalysis showed that a number of Latin American businesses are embracing cryptocurrency for purchases. The instability of fiat… Read More

Cryptos Widely Used in Venezuela Amid Hyperinflationary Crisis

Venezuela has become a basketcase of a country with an unstable economy. Currently, as Venezuela’s economy continues to suffer from hyperinflation, many businesses have expanded their use of cryptocurrencies. It is estimated that more than 20,000 stores and businesses in Venezuela will accept cryptocurrencies starting on June 1. This news was made as part of an… Read More

Trade Settlements Make Bitcoin Appealing for Venezuela

According to reports in US media, Venezuela’s state-owned oil company, Petroleos de Venezuela SA (PDVSA), asked the nation’s central bank to look into how Bitcoin (BTC) could be used in international trade. The South American nation has been struggling with a declining economy as well as sanctions from the United States, which has traditionally been… Read More

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