Uphold withdraws with Venezuela, citing US sanctions

Crypto trading platform Uphold said it will be withdrawing support for users in Venezuela due to sanctions imposed by the United States government.
In a Thursday announcement, Uphold said “owing to the increasing complexity of complying with U.S.

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Venezuela to launch CBDC in October — and cut six zeros from its currency

The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency due to raging inflation.
As of Oct. 1, the digital bolivar will begin circulation in the economy.

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Jackson, Tennessee Mayor Proposes Bitcoin as Property Tax Payment  – BeInCrypto

City of Jackson Mayor Scott Conger has backed bitcoin following inflation concerns
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The City of Jackson Mayor recently expressed his thoughts on Twitter, backing bitcoin as the dollar continues to decline in value through inflation.

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Venezuela’s Caracas Air Adds Bitcoin as New Payment Method – BeInCrypto

Venezuelan aviation academy Caracas Air has announced that it will now accept bitcoin as a method of payment, according to CEO Oliver Laufer.
Caracas Air will now accept payments in bitcoin, according to a tweet from the CEO of the company.

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Countries Adopt Bitcoin as Hedge Against Inflation, Threatening Gold as a Store of Value – BeInCrypto

A new report suggests that the rise of crypto and bitcoin in particular, could affect gold prices. Led by a strong non-fungible token (NFT) market in quarter one of 2021.
NFT market leads growth in 2021
Non-fungible tokens, or NFTs, have taken the digital currency by storm in recent months.

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Venezuela Holds Unofficial Referendum Using Blockchain, Millions of Votes Cast – BeInCrypto

Juan Guiado, the opposition leader of Nicolas Maduro’s regime in Venezuela, held an ‘unofficial’ referendum that resulted in millions casting their votes.

The referendum was to decide on whether Maduro should resign from his position or remain in power. Over 6.

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Circle Using USDC Stablecoin to Aid Venezuela Crisis | Crypto Briefing

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Circle, the creators of the popular USDC stablecoin, is partnering with the Bolivarian Republic of Venezuela and the cryptocurrency exchange Airtm.
The development is intended as a form of aid to overcome Venezuela’s ongoing economic crisis.

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