Venezuela UPDATE. 1 BTC is 27,000,000 Bs. Last week it was 23,000,000 Bs. Monthly minimum wage down to 3.5 USD. 1,454 BTC were traded last week. More than 2,000,000 of minimum wages.

Hey guys, situation is the same here.

https://coin.dance/volume/localbitcoins/VES/BTC

https://www.bloomberg.com/features/2016-venezuela-cafe-con-leche-index/

https://dolarsatoshi.com/

Some people dont believe the MONTHLY minimum wage is around 3.5 USD (67,000 satoshis) , here is some proof:

https://www.reuters.com/article/us-venezuela-economy/we-all-earn-the-same-venezuela-minimum-wage-hike-angers-skilled-workers-idUSKCN1M62OX

You can see the minimum wage here :

https://www.reuters.com/article/us-venezuela-politics-wage/venezuelas-maduro-hikes-minimum-wage-300-percent-idUSKCN1P82E2

18.000 BS. per month

And the official exchange rate is now 4113 Bs. per USD. http://www.bcv.org.ve/

(Last week is was 3,302.24) BS. Per USD.

18,000 / 4,113 = 4,36 USD

(Street rate is around 5,000 Bs per USD, that is why the 3.5 USD figure)

submitted by /u/WorkingLime
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Bitcoin – The Currency of the Internet

The story is that this warehouse in my home town that burned down last week was a Chinese owned Bitcoin mining operation called 3G Ventures. I can’t seem to find anything on them. Has anyone heard of them?

The story is that this warehouse in my home town that burned down last week was a Chinese owned Bitcoin mining operation called 3G Ventures. I can't seem to find anything on them. Has anyone heard of them? submitted by /u/The_Schmidt_Show
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Bitcoin – The Currency of the Internet

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