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Venezuelans try to beat hyperinflation with cryptocurrency revolution

With Venezuela's official currency plummeting for years, both the government and cryptocreators are trying to stem the rot with digital tokens. For ordinary Venezuelans, the cryptoboom also means regaining freedom.

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15 May 2021
Four years after Donald Trump withdrew the US from the Paris climate accord, his successor Joe Biden has put the country firmly back in the fight against climate change. He has unveiled an ambitious plan that aims to achieve net zero emissions by 2050. To do this, Biden plans to boost the development of hydrogen. Most of the hydrogen consumed today is extracted from fossil fuels. But in California, researchers, manufacturers and startups are trying to implant carbon-free or "green" hydrogen, which would be a revolutionary step forward. Our correspondents report.
27 May 2021
NFTs – or non-fungible tokens – are effectively a digital proof of sale, and it's fair to say they’re having a moment. Most recently an iconic YouTube home video from 2007 called "Charlie bit my finger" has been sold for a six-figure sum as an NFT, with the family who made it pledging that the winning bidder is now "the sole owner of this lovable piece of internet history". So how exactly do NFTs work? And could they transform the way we do business in the future? We speak to financial technology expert James Bowden, a lecturer at the University of Strathclyde.
29 May 2021
In just a couple of decades, collaborations have opened up a world of possibilities for the world of fashion, with consumers now attuned to the letter X that indicates the marriage of two brands. High-profile collaborations include Prada x Raf Simons and Gucci x Balenciaga, but younger labels are also getting in on the action, as we've seen with La Draft Paris x Apnée. Commercial success is often a given, but the best fusions happen when the brands involved have a shared vision. We take a closer look.
24 Jun 2021
Pro-democracy protesters in Thailand call for the premier to resign as they march on the 89th anniversary of the Siamese Revolution -- an uprising that transformed the country from absolutism to a constitutional monarchy. They took to the streets despite warnings from authorities not to gather because of soaring coronavirus infections.
28 Jun 2021
What's up with Bitcoin? It's down, dropping to its lowest level since January after China announced a crackdown on cryptocurrency mining. Is it, as stated, about going green and cooling it in the nation that's home to an estimated two-thirds of the energy-sucking giant computer servers that create virtual currencies? Or is it about reining in a cottage industry that is out of not only Beijing's control, but that of central banks and regulators the world over?
6 Jul 2021
Very few vaccines have found their way into the arms of Africans as they struggle with a surge in COVID-19 infections. Several countries now want to start producing vaccines on the continent. Can they succeed?
13 Aug 2021
The Lebanese currency has lost up to 90% of its value, and prices are soaring. Most Lebanese are fighting a daily battle for survival and only a few profit from the skyrocketing exchange rates for the US dollar.
20 Aug 2021
When Luis Diaz retired, he was unable to feed his family by relying solely on the food parcels provided by the government at subsidized prices, so he and his friends decided to grow their own. Eight years of recession and four years of hyperinflation have decimated Venezuela’s economy that has lost 80 percent of its value since 2014 leading to regular shortages of basic necessities.
5 Sep 2021
Sri Lanka's aim to become the world's first 100 percent organic food producer is threatening its famous tea industry. President Gotabaya Rajapaksa's ban on chemical fertiliser earlier this year has sparked concerns of a severe reduction in tea, the island's main export commodity, as well other crops by the end of this year.
4 Sep 2021
Paris is famous around the world for its beautiful sights and towering monuments, but it's also somewhat infamous for its driving culture. Parisian drivers are the first to admit that manoeuvring the streets can be quite a harrowing experience. Over the years, Paris's authorities have taken steps to limit traffic in the French capital and encourage alternative modes of transport like cycling. The idea is to make the capital safer while also cutting air pollution, yet this has sparked growing rage among drivers. We take a closer look in this edition of French Connections.
10 Oct 2021
In the autumn of 2019, an unprecedented protest movement engulfed the Iraqi capital Baghdad and the predominantly Shiite south of the country. Demonstrators were angry at the widespread corruption and incompetence of the political class, but also the influence of neighbouring Iran and its militias. An extremely violent crackdown left at least 600 dead and 21,000 injured in just a few months. Meanwhile, the leaders of the protest movement became the target of assassinations. As Iraq prepares to hold parliamentary elections, more and more voices are accusing pro-Iranian armed groups of being behind a campaign of systematic violence. FRANCE 24's Jonathan Walsh and Amar Al Hameedawi report.
19 Oct 2021
Scotland’s Northern Isles, Orkney and Shetland, have long benefited from North Sea oil revenues. But with reserves declining, and climate change forcing a transformation of energy policy around the world, the islands have become a hotbed of renewable energy innovation. As Scotland prepares to host the COP26 UN climate summit in November, the Northern Isles could serve as an example for other nations, both of cutting edge technologies, and of difficult political choices.