The economic crisis in Venezuela has worsened significantly over the last few months. Vast volumes of Venezuelans have fled the country, as a direct consequence of the financial instability within the region. Consequentially, the Venezuelan Bolivar has plummeted this year. The fall of the Bolivar was a catalyst for the increased demand for bitcoin and other virtual currencies by the Venezuelan people. CoinDance has reported that the Venezuelan trade has reached an all-time high, as bitcoins worth nearly 300 million bolivars were traded last week. It is expected that this record-high will be broken again in the upcoming week, as … Continue reading Bitcoin Trading Volumes reach record highs in Hyperinflation-Struck Venezuela