Cryptocurrency News: Venezuelan Bolivar Falls 66%, Argentinians rely on cryptocurrency, Greece to tax bank transactions, and more

According to the recent reports, the official exchange rate between the two aforesaid currencies surged 66% last week, while in black markets, it went 64 times higher than the official rate. Tip: go trade cryptocurrency fellas.

Argentinians might have to rely on cryptocurrency trades after all, for the banks in their country have officially gone on strike. This decision has ultimately emptied the nation’s ATMs, leaving public without spendable cash. The strike is hopeful to go on until the union’s demand of an allowance raise is met.

Motion Pictures Association of America (MPAA) recently asked PayPal to block the account of Andrew Sampson, the developer of a new torrent website Strike. Under legal obligations, PayPal had to block Sampson’s account that will ultimately leave him with six months of no funds. It would advisable for him to start receiving money in the form of cryptocurrency Bitcoin.

In hope to generate money even from the remotest corners of its economy, Greece has now proposed to tax bank transactions. According to the available reports, the revenue deficit nation has been warned by the International Monetary Fund (IMF) to sign an agreement with its international creditors, or face a withdrawal.