Bitcoin [BTC]: Venezuela transacts record number of BTC trades as Petro fails to get support

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Venezuela’s economy has been under constant strain for a while now as the country’s fiat currency continues to plummet in valuation. A massive hyperinflation rate of 2 million percent crippled the country to its core and according to reports, the situation might get worse as the rate is expected to reach 8 million percent by the end of 2019.

In an attempt to salvage something, President Nicolas Maduro urged his fellow countrymen to invest in the highly controversial cryptocurrency, Petro,…

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