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CANBERA (dpa-AFX) - The U.S. dollar strengthened against other major currencies in the Asian session on Monday, after the U.S. attacked Venezuela and captured its president, Nicolas Maduro.After c......
The Indian rupee is facing a volatile week, having already slipped significantly against the dollar. Political uncertainty in Venezuela and broader global tensions are raising concerns about further depreciation. Bankers anticipate the rupee could weaken to Rs 90.50-91 per dollar before potential intervention by the Reserve Bank of India....
Venezuela's Crypto Adoption Surges Amid Inflation Surge And Currency Collapse
Authored by Amin Haqshanas via CoinTelegraph.com,
Cryptocurrencies are becoming a core part of the economy in Venezuela as citizens turn to digital assets to shield themselves from a collapsing currency and tighter government controls.
From small family stores to large retail chains, shops across the country now accept crypto through platforms such as Binance and Airtm. Some businesses even use stablecoins to pay employees, while universities have begun offering courses dedicated to digital assets.
“There's lots of places accepting it now,” shopper Victor Sousa, who paid for phone accessories with USDt, told the Financial Times. “The plan is to one day have my savings in crypto.”
Venezuela ranked 13th globally for crypto adoption, according to the Chainalysis 2024 Crypto Adoption Index report, which noted a 110% increase in usage in the year.
Venezuela ranked 13th globally for crypto adoption. Source: Ch...
President Nicolas Maduro's crackdown on an obscure social media account that Venezuelans relied on to navigate the country's twisted currency market is sowing confusion among traders and residents alike....
Venezuelans are snapping up dollars, sending the local currency crashing to record lows as concern mounts that the Trump administration is throttling the country's oil industry and tipping the economy back into crisis....
Zitat des Tages: Es gibt ja nur zwei Sorten Menschen, die einen kultivierten Mann faszinieren können: Menschen, die alles wissen, und Menschen, die überhaupt nichts wissen. - Oscar Wilde