Venezuela – Fusion Nepal

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Google has quietly added DuckDuckGo as a search engine option for Chrome users in ~60 markets

sudshr47 March 13, 2019

In an update to the chromium engine, which underpins Google’s popular Chrome browser, the search giant has quietly updated the lists of default search engines it offers per market — expanding the choice of search product users can pick from in markets around the world. Most notably it’s expanded search engine lists to include pro-privacy […]

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Seth Meyers tears into Trump’s latest military threats

sudshr47 January 31, 2019

Donald Trump has been president for two years now, and in that time one thing’s become clear: he’s not afraid to make threats that don’t seem all that thought through, both on Twitter and in real life.
On Late Night, host Seth Meyers tore into Tr…

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Venezuela’s president dines at Salt Bae’s restaurant while millions in his country are starving

sudshr47 September 18, 2018

Venezuelan President Nicolás Maduro was recently seen enjoying a lavish meal at the restaurant of Turkish celebrity chef Nusret Gokce, aka Salt Bae, and it did not go over well.
As many know, including Maduro, Venezuela is in the midst of a food…

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Latin America is the next stage in the race for dominance in the ride-hailing market

sudshr47 September 7, 2018

Nathan Lustig Contributor Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor Latin America’s Groupon Mafia A new era for startup investing in Latin America As the number of competitors in the ride-hailing industry dwindles, geographic expansion is emerging as the […]

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Venezuela just ‘linked’ the newly created sovereign bolivar to its terrible cryptocurrency

sudshr47 August 21, 2018

You know you’re in trouble when your only hope for stability is something as notoriously unstable as cryptocurrency. And yes, Venezuela appears to be very much in trouble.

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 making — the Petro. This is the first case of a government tying its economic fortunes so closely to that of any digital currency, and suggests a possible exit path for a country ravaged by hyperinflation.

More about Petro, Venezuela, Cryptocurrency, Tech, and Cryptocurrency Blockchain

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Venezuela ties its currency to a state-run cryptocoin

sudshr47 August 20, 2018

Venezuela has just taken drastic and unprecedented steps to stabilize its currency as it grapples with hyperinflation and other economic issues. The country’s currency has not only been massively devaluated and renamed, but is now tied a state-issued cryptocurrency called the Petro, which itself fluctuates based on oil prices. Hardly anyone knows what to expect out of this.

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Analysis backs claim drones were used to attack Venezuela’s president

sudshr47 August 8, 2018

Analysis of open source information carried out by the investigative website Bellingcat suggests drones that had been repurposed as flying bombs were indeed used in an attack on the president of Venezuela at the weekend. The Venezuelan government claimed three days ago that an attempt had been made to assassination president Maduro using two drones loaded with […]

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Venezuela claims drones loaded with explosives used in failed attack on president

sudshr47 August 5, 2018

Is the dystopian future of shoestrong budget weaponized drone attacks here already? The BBC and AP are reporting claims by the Venezuela government of an assassination attempt on its president using a couple of drones carrying explosives. President Nicolás Maduro was giving a speech at a military event in Caracas which was being screened live on television […]

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‘World of Warcraft’ gold is worth 7 times more than Venezuela’s currency

sudshr47 May 8, 2018

Venezuela’s currency, the bolívar, has been drastically losing value on the global market ahead of its reform in June. The bolívar has lost so much value that World of Warcraft’s in-game currency is now worth seven times more than it.
Ever …

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Trump bans Venezuelan cryptocurrency in the US

sudshr47 March 19, 2018

U.S. President Donald Trump has issued an executive order to ban Petro in the U.S. Petro is a cryptocurrency developed by the government of Venezuela. As of today, U.S. citizens, residents and companies can’t buy or sell Petro. The executive order says that Venezuelan President Nicolás Maduro is trying to avoid U.S. sanctions against Venezuela with this […]

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Venezuela’s national cryptocurrency is officially up for sale

sudshr47 February 20, 2018

The bleeding Venezuelan economy is pinning its hopes on cryptocurrency.
On Tuesday, the Venezuelan government launched a pre-sale of “Petro,” a new cryptocurrency backed by the country’s oil reserves. The aim of Petro is to raise foreign investment i…

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Venezuela to launch ‘petro’, a cryptocurrency backed by oil and other reserves

sudshr47 December 4, 2017

The country of Venezuela has been mired in economic crisis for years. Now, its government is turning to cryptocurrency in hopes of turning things around.

Venezuela’s president has teased the launch of the “Petro,” a new digital cryptocurrency that would help the country “advance in issues of monetary sovereignty, to make financial transactions, and overcome the financial blockade,” according to Reuters.

The motivation for Venezuela President Nicolás Maduro to launch a second currency isn’t surprising. Venezuela’s economy has been collapsing. The nation faces rampant inflation, huge debt, and strict sanctions imposed by the U.S. Meanwhile, cryptocurrencies like bitcoin have skyrocketed in value. Read more…

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Category: Venezuela