RATE Group | Another Venezuelan Bitcoin Spike as Banks Struggle + More News
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Another Venezuelan Bitcoin Spike as Banks Struggle + More News

19 Mar Another Venezuelan Bitcoin Spike as Banks Struggle + More News

Posted at 17:30h in Bitcoin News by

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Another Venezuelan Bitcoin Spike as Banks Struggle + More News 101
Source: iStock/pawel.gaul

Crypto Briefs is your daily, bite-sized digest of cryptocurrency and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

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  • Peer-to-peer (P2P) bitcoin (BTC) trading appears to be on the rise in Venezuela after the country’s president Nicolás Maduro imposed strict coronavirus quarantine measures on the nation, with banks struggling to cope under the weight of financial pressure – already high in the country due to United States-led sanctions. Per CoinDance data, trading volumes at P2P platforms like LocalBitcoins is spiking, with banks foundering, according to Expansion – and the International Monetary Fund refusing to meet the country’s request for an emergency loan.

    Another Venezuelan Bitcoin Spike as Banks Struggle + More News 102
    Source: coin.dance
  • Days after revealing it has co-developed a blockchain-powered vehicle and personal ID platform, motoring and financial giant Toyota’s Blockchain Lab has released a video extolling the virtues of…

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