Amidst Sanctions and Tanker Seizures, 80% of the Venezuelan Oil Sales Revenue Is Collected Using USDT
Asdrubal Oliveros, a local economist, claims that nearly 80% of all the crude sold by Venezuela is being paid for using stablecoins, specifically USDT. He stressed that cryptocurrency has become a main part of the Venezu...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
US sanctions firms behind Iran’s Strait of Hormuz BTC insurance scheme
The US Treasury’s Office of Foreign Assets Control (OFAC)has sanctioned two Iranian maritime firms in an effort to stop Iran from...
USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin
The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. Whi...
Lite Strategy Funds $5.4M Buyback With Litecoin Sales And Covered Calls
Lite Strategy has repurchased 4.9 million shares for $5.4 million, using Litecoin treasury activity and covered-call premiums to f...
US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies
Bitcoin Magazine US Closes in on Iran’s Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies Iran has been dodging sanct...
As Ethereum turns 11 years old it hosts $148B in stablecoins, but daily mainnet revenue just fell to $330k
Ethereum turned 11 on July 30, the anniversary of the day users generated and loaded the Frontier genesis block in 2015. In its fi...
Strategy authorizes up to $5B in Bitcoin sales after $8B Q2 loss
Strategy's Bitcoin sales could destabilize crypto markets, impacting liquidity and investor sentiment, potentially triggering a pr...