p2pcripto

The world energy board moved again and, as usually happens, Venezuela ends up feeling it in its pocket before it hits the headlines. International reports warn that the shutdown of the East-West oil pipeline in Saudi Arabia —the artery that crosses the Arabian desert to the Red Sea— could take up to 4% of global crude supply off the market. The figure sounds somewhat distant, but it comes at a delicate time: fuel prices were already at record highs and global inflation showed no letup.

📊 A $700 salary that won’t appear by decree
The debate is back at the center of the labor agenda: How much should a Venezuelan worker earn to afford the basic food basket? The figure being discussed is around $700 a month, but Conindustria is urging caution before any announcement. Tito López, president of the Venezuelan Confederation of Industries, was direct: no adjustment is possible unless the cost structure strangling the productive sector is addressed first, starting with the tax and parafiscal burden.

📊 Venezuela, the cheapest electricity in the neighborhood
GlobalPetrolPrices data once again put the country in an awkwardly good position: Venezuela has a residential rate of US$0.069 per kilowatt-hour and a business rate of US$0.081, figures that place it 16th among 20 countries in the region, well below the South American average of around US$0.220 per kWh. To put that in perspective: rates in Guatemala, Uruguay, and El Salvador are above US$0.25 and US$0.30.

The Simón Bolívar Foundation, Citgo Petroleum’s philanthropic arm, published its sixth annual report and put a figure on the table that’s worth reading twice: nearly 1,500,000 people in vulnerable situations served since 2020. The original goal was to reach one million. Reality surpassed it.
The figure alone speaks to medicine, food, and maternal and child health programs. But at PitbullChain, we look at this news through a different lens: what does a humanitarian operation of this scale tell us about the flow of foreign currencies, payment rails, and how Venezuelans move value today?

The Minister of Electric Energy, Rolando Alcalá, confirmed that unit TZ5 at the G/J Rafael Urdaneta Thermoelectric Complex in Zulia has come online, adding 150 megawatts to the National Electric System (SEN). According to the official, the startup is part of the plan announced days ago and will have a direct impact on the Zulia region. He added that work is continuing to bring TZ7 and TZ2 online, two additional machines at the plant, as well as recovery work at Planta Centro in Carabobo.

Banco Digital de los Trabajadores (BDT) kicked its marketing machine into gear this week. The institution launched a brand campaign featuring Olympic athlete Joselyn Brea as its ambassador, crafting a narrative that compares an elite runner’s precision with the speed of its platform. The slogan is catchy: “less running around and more solutions.” And although it may sound like agency copy, the phrase strikes a nerve in a country where losing ten minutes can cost real money.

Brazilians will return to the polls on October 25. With 98.36% of polling stations counted, the Superior Electoral Court confirmed that Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro will face off in a runoff that no one in the region should underestimate. The eldest son of former president Jair Bolsonaro received 47.31% of the vote, while the Workers’ Party leader got 44.83%—a much tighter result than Quaest and Datafolha had projected.

The private sector of Nueva Esparta took a step that many merchants from inside the country have been considering for some time: stop praying for the power grid and produce their own energy. Fedecámaras Nueva Esparta, under the leadership of Gabriel Briceño, announced an agreement with Swing Energy so that companies and businesses on the island can purchase electrical self-generation equipment with financing options and terms that the association described as favorable.
The stated objective is to alleviate the national electricity service problem, which on Margarita hits the tourism trade with particular force—hotels, restaurants, and small shops that rely on uninterrupted operation of refrigerators, air conditioners, and payment systems.

📊 The public consultation on the livestock law has begun
This Friday, the Mixed Commission for Domestic Policy and Economy and Finance of the Venezuelan Parliament formally opened the national public consultation on the Law for the Promotion, Development, and Protection of Livestock Activity. The joint session with agricultural and livestock associations was led by deputies Nicolás Maduro Guerra and Jesús Faria, and outside the Federal Legislative Palace, Fedenaga president José Labrador brought the issue up directly, without beating around the bush.

📊 A legal crackdown on tolls no one had budgeted for
The Constitutional Chamber of the Supreme Tribunal of Justice decided to put the spotlight —and the scissors— on that tangle of local charges that had been inflating the movement of goods through the country’s two busiest customs corridors. Sentence 0931, with the ruling by Justice Tania D’Amelio Cardiet, nullifies, from its publication onward, a series of decrees, trade agreements, and regional tariffs that were applied to the overland transit of containers in La Guaira and in Carabobo.

📊 A plastic card with an emblem, but a move that’s much deeper
Bancamiga presented a special edition of its Mastercard debit card dedicated to the Leones del Caracas, the team with the most titles in the history of the Venezuelan Professional Baseball League. At first glance it looks like pure sports marketing: the team’s shield upfront, giveaways at the Estadio Monumental, and a happy fan base. But if you scratch the surface, what you find is a customer-acquisition strategy in a market where cash is scarce and digital dollars are calling the shots.

📊 Twelve hotels, two countries, and a question that almost nobody asks: do they accept USDT?
The Venezuelan Association of Five-Star Hotels (Avecintel) reported that twelve hotel companies from Venezuela and Colombia signed a memorandum of understanding to create a Binational Hotel Circuit, with its focus on the border between Táchira and Norte de Santander. The official message is the same as always: more tourism exchange, more economic activity, and fewer gaps for visitors crossing from one side to the other.

📊 An academic alliance that goes to the heart of the problem
In the Venezuelan market, no one is arguing anymore about whether they need to digitalize. The real discussion is different: why does so much technological effort end up going nowhere. EY Venezuela, IESA, UCAB, and UNIMET sat down at the same table to tackle that bottleneck and presented DITech, an executive program designed to train profiles that the four institutions refer to as Chief Disruptive Officers.
The diagnosis behind the initiative is uncomfortable: around 89% of digital transformation and artificial intelligence initiatives get stuck in the pilot phase, choked by scalability and governance issues. And if you look at the financial impact, the outlook is worse: a study by MIT cited during the presentation states that 95% of these projects never manage to affect the income statement or redesign the business model.

Lorenzo Mendoza, CEO of Empresas Polar, resurfaced with a message that, on paper, sounds like a business roadmap, but in practice describes the same problem that led thousands of Venezuelans to seek refuge in digital dollars: without capital, projects don’t get off the ground. He said this during the presentation of the «1.000 Empresas» program, an initiative by Polar itself to train, support, and finance entrepreneurial ventures with a national vocation.
📊 A diagnosis the P2P knows by heart

Once again, the offices of public and private banking joined forces to put the Plan Venezuela Renace under scrutiny, the program with which the Executive seeks to provide housing for families that lost their homes after the earthquakes of June 24. The meeting took place in the office of Jimmy Berríos, Vice Minister of Banking, Insurance, and Securities and also President of Banco del Tesoro, with Pedro Pacheco in attendance, head of the Venezuelan Banking Association, along with delegates from Banesco, Mercantil, Provincial, Banco Nacional de Crédito, Banco de Venezuela, Banco Digital de los Trabajadores, and the Treasury itself.

📊 A real estate market that split into two
After the double earthquake that shook the central coast, the real estate market in La Guaira entered a dynamic that no one had on the map. María Teresa Brito, president of the Real Estate Chamber of La Guaira, warned that purchase-sale and rental prices rose in an excessive, uncontrolled way, while the available supply shrank to as much as 60%. The cause is not only the destruction of homes: it’s also the massive influx of state credits and subsidies to relocate the affected families. When new money enters a market with little supply, the result is mathematical: the seller sets the price they feel like.

The Banco del Tesoro moved the board of passive rates in Venezuela. The institution announced that its accounts in bolívares will begin to pay interest above the floor set by the Central Bank of Venezuela (BCV) in Extraordinary Official Gazette number 7.073, effective from September 15. In practice, the state entity decided not to stay at the regulatory minimum and offer a little more to anyone who maintains a balance in their accounts.
For PitbullChain, this is not a minor detail: every time the banking system increases the yield on bolívares, a classic debate opens up in the local market—should you leave the money sitting and earning interest in VES, or move it to USDT and protect yourself against devaluation? The answer, as is often the case in Venezuela, depends on the exchange rate you’re looking at.

The Azul Environmental Foundation has once again sounded the alarms in Zulia. According to the organization, oil spills and gas leaks along the eastern coast of Lake Maracaibo have multiplied in recent months, just as the country’s oil activity regains momentum with the heat of the energy agreements signed with the United States. The complaint, led by Yohan Flores, points directly to PDVSA, which is why it is described as a prolonged institutional silence and a lack of contingency plans to contain the spilled material and seal the leaks.

On Friday, September 11, the session ended with oil prices falling, and at PitbullChain we read it closely because any move in oil, sooner or later, ends up reflecting on the exchange desk where our users buy and sell USDT for bolivars. West Texas Intermediate fell 2.37% to $100.05 per barrel for October delivery, while North Sea Brent slipped 2.81% to $104.61. The previous week had risen sharply, so this pullback feels more like relief than a change in trend.

Horse Consulting published a new edition of its report _Thought Leaders 100_, a ranking that measures the influence of Latin American executives based on the analysis of hundreds of thousands of news articles, conversations on social media, and attendance at corporate events. The headline that drew the most attention here: five Venezuelans appear on the list of the 100 most influential names in the region.
Rafael Segrera (Schneider Electric), Francisco Aristeguieta (Scotiabank), Ricardo Arias-Nath (Starbucks), Carlos José Fiorillo Martínez (Fitch Ratings), and Leonardo Romero Domínguez (Procter & Gamble) hold positions ranging from 42 to 93. All of them lead or are part of the regional senior management teams of multinational companies in energy, banking, mass consumption, and risk rating.