Venezuela

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Latam Insights Encore: Trump’s Secondary Tariff Strategy Against Venezuela: Killing a Fly With a Nuke

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Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and crypto news from the past week. This edition examines how the Trump administration’s newfound secondary tariff strategy and its application against Venezuela might inflict lots of collateral damage. Latam Insights Encore: Trump’s Secondary Tariff Strategy Lacks Finesse, Involves Millions The … Read more

Venezuelan Bolivar Plunges After Secondary Crude Tariff Regime Announcement

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The Venezuelan bolivar accelerated its loss against the U.S. dollar as the government faced dollar shortages amid an economic trade war. The Trump administration’s secondary trade tariff regime on Venezuelan crude is starving the country of foreign currency to inject into the national market, driving these imbalances. Secondary Tariff Announcement Prompts Steep Venezuelan Bolivar Drop … Read more

Trump Debuts ‘Never Before Seen’ Secondary Tariff Strategy Against Venezuela

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President Trump signed an order that would impose an additional 25% tariff on imported products from countries that purchase crude oil from Venezuela. Trump alleged this was retribution for sending tens of thousands of high-level criminals to the U.S. Trump Announces Retaliatory Secondary Tariff Regime Against Venezuela The U.S. is deepening its strategy of using … Read more

Venezuelan Minister Remarks 25% of Trade Can Be Conducted Away From the US Dollar

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Venezuelan Foreign Minister Yvan Gil stated that this new state of affairs in international trade was possible due to the push that Russia and the BRICS bloc exerted to bypass the U.S. dollar. Venezuelan Minister Yvan Gil: 25% of Trade Can Be Completed Away From the Dollar International trade markets have been evolving to open … Read more

El Dorado CEO: Venezuela Highlights Stablecoins’ Use Case as a ‘Tool for Resilience’

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Guillermo Goncalvez, founder and CEO of El Dorado, a Latam-focused P2P exchange, has reflected on the rise of stablecoins from a niche product to a widely used tool in Venezuela. Goncalvez states that, as Venezuelans shift to using the dollar due to devaluation, stablecoin remittances have soared, demonstrating that these are a viable alternative when … Read more

Venezuelans Crave USDT as Dollar Exchange Rate Explodes

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Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success, with Tether adoption ramping up as an … Read more

Latam Insights Encore: Venezuela Can Grow to Be Latin America’s Crypto Haven

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Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from realizing its potential. Latam Insights Encore: Venezuela … Read more

Latam Insights: Venezuela Reaches Crypto Milestone, Consortium Announces Real Stablecoin

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Chainalysis states Venezuela was the country where cryptocurrency markets grew most last year, Brazilian giants team to launch a real-pegged stablecoin, and Littio leveraged Avalanche to offer yield-bearing dollar-based savings accounts. Chainalysis Latam … Read more

Chainalysis Latam Report Highlights Major Crypto Growth Milestone in Surprising Nation

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A Chainalysis report reveals that Argentina surpassed Brazil in cryptocurrency value received during the period examined, highlighting the high adoption of stablecoins in Latin America. However, Venezuela was the market that grew the most, rising by 110% despite the current political and economic turmoil the nation is facing. Chainalisis Latam Report: Argentina Beats Brazil, Venezuela’s … Read more

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  • staked-etherLido Staked Ether(STETH)$3,609.388.09%
  • tronTRON(TRX)$0.3281755.53%
  • bitcoinBitcoin(BTC)$120,324.001.62%
  • ethereumEthereum(ETH)$3,605.277.88%
  • rippleXRP(XRP)$3.6017.94%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$741.624.44%
  • solanaSolana(SOL)$181.686.27%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.23613113.07%
  • staked-etherLido Staked Ether(STETH)$3,609.388.09%
  • tronTRON(TRX)$0.3281755.53%