At first there were errors, although later the operation was completed. Binance imposes certain limits on depositing dollars and purchasing USDT. If you are in Venezuela, and you use cryptocurrencies, you surely have the habit of using the Binance peer-to-peer (P2P) market and other platforms to acquire your assets. But that exchange enabled BPay Global, … Read more
Far from the oil fields, a new financial power is brewing in the palm of Venezuelans’ hands. It is the digital economy where the use of bitcoin (BTC) and stablecoins such as Tether’s USDT consolidate a market that, although silent, mobilizes a volume of capital that challenges the traditional metrics of the national economy. During … Read more
The closing of the fiscal year in Venezuela on March 31, 2026 usually brings with it a mix of urgency and doubts, but this year the conversation revolves around a leading actor such as the user of bitcoin (BTC) and cryptocurrencies. At the recent Crypto Summit, held from March 26 to 28 in the State … Read more
Venezuela has between 30 and 36 GW of generation capacity, the historical peak demand is 13-17 GW. Bitcoin operations can quickly go offline amid spikes in domestic demand. The installed electricity generation capacity in Venezuela reaches between 30 and 36 GW, while the historical maximum demand is around 13 to 17 GW. Once the maintenance … Read more
The adoption of Bitcoin in Latin America is the result of the failure of fiat. The success of one country adopting Bitcoin is the inspiration for another. Gradually, and then suddenly. This is what government adoption of Bitcoin and cryptocurrencies in Latin America feels like. Despite the local particularities of each country, a transversal reason … Read more
“Venezuela is on fire, my friend”. So pray the part of a song by the famous Venezuelan performer – unfortunately now deceased – Tyrone González, alias Canserbero. And although the lyrics of that piece deal with other events that characterize my country, I am convinced that that phrase can easily be applied to the bitcoin … Read more
Now Venezuelans can buy USDT directly on Binance, without P2P or foreign wallets. Buying cryptocurrencies directly on Binance is cheaper and easier, but it is more guarded. The recent enabling of BPay Global by Binance in Venezuela has begun to modify the dynamics of local arbitration. After the arrival of this regulated fiat currency gateway … Read more
The intention is to articulate the participants of the local economy and generate appropriate policies. “The idea is to begin to clear up many doubts,” said the secretary of the board, Eleazar Colmenares. The Venezuelan Chamber of Electronic Commerce (Cavecom-e) held the first formal session of the Cryptocurrency Technical Table, a multidisciplinary body that seeks … Read more
Giving or sharing your account violates the Terms of Use and may result in suspension of the service. Any access request from third parties is a scam, the exchange explains. Binance Latin America issued an official statement to remind its users that accounts on the exchange are strictly personal and non-transferable. The warning responds to … Read more
According to Oliveros, dollarizing the Venezuelan economy has key advantages and disadvantages. There are those who warn that dollarization in Venezuela would not resolve the underlying distortions. The discussion over the formal adoption of the US dollar as legal tender in Venezuela has returned to the fore. According to economist Asdrúbal Oliveros, the official dollarization … Read more