Venezuela set a new record for the amount it traded for Bitcoin (BTC) last week, showing cryptocurrency’s continued appeal in the face of ongoing political turmoil. 17.1 Billion Bolivars For Bitcoin Data from Coin Dance, which tracks volumes on P2P trading platform Localbitcoins, showed that in fiat terms, the seven days ending February 2 were the busiest on record for Venezuela. The country’s embattled currency the sovereign bolivar (VES) suffers from rampant hyperinflation, with capitalRead MoreThe post Venezuela Breaks Bitcoin Trading Record Again As New Regulations Become Law appeared first on Bitcoinist.com.
