Venezuela bans crypto mining to protect power grid
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. Go to Source
Venezuela
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Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking allegations, and Nubank expands its crypto functionality in Brazil. Venezuela Might Use USDT for Sidestepping Sanctions Venezuela is … Read more
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador’s credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme. Bitcoin Reportedly Hurts El Salvador Credit Opportunities With … Read more
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the state-owned oil company PDVSA, Tareck El Aissami, the former Economy Minister Simon Alejandro Zerpa, and entrepreneur Samark Lopez were … Read more
Venezuela extends reorganization shutdown of crypto agency to March 2024
The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023. Go to Source
Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009. Go to Source
Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia
The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively. Go to Source Powered by WPeMatico
Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K
Bitcoin price strength across the board continues into a weekly close that analysis says should stay above $30,000. Go to Source Powered by WPeMatico
Latam Insights: Bolivia Mulls Chinese Yuan for Trade Settlements, Steve Hanke Proposes 30-Day Solution for Venezuelan Inflation
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using … Read more
Not funny: Comedy club NFT debacle teaches lesson in transparency
What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community. Go to Source Powered by WPeMatico
