2024-5-19 16:58 |
Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). origin »
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Amidst economic turmoil and stringent regulations, citizens in countries like Argentina and Venezuela have turned to Bitcoin as a lifeline. The International Monetary Fund (IMF) examines how individuals in these nations are leveraging Bitcoin to manage their finances, bypassing capital controls through off-blockchain transactions.
2024-4-24 14:30 | |
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Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported. On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory.
2021-8-11 02:05 | |
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Venezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive.
2021-5-28 13:00 | |
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The referendum was to decide on whether Maduro should resign from his position or remain in power. Over 6. 5 million Venezuelans voted using a blockchain system. The referendum was held on the Voatz platform, a pro-democracy blockchain-based application where citizens have the opportunity to securely and transparently vote.
2020-12-18 13:06 | |
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Circle, the payments fintech startup is working closely with those in power. Helping the Needful with USDC US dollar-pegged stablecoin, USDC issuer, Circle is working with the US government to circumvent Nicolas Maduro and directly support the Bolivarian Republic of Venezuela led by Juan Guaido.
2020-11-22 01:00 | |
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MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution.
2020-9-15 19:28 | |
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According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.
2020-7-19 19:30 | |
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Venezuela has been suffering from rapid inflation as the purchasing power of the sovereign bolivar has become near worthless. Over the last few weeks, Venezuelans have been dealing with blackouts throughout major cities, making credit card readers useless.
2019-11-13 20:30 | |
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Coinspeaker Venezuela Is Going to Use Crypto for Payments, Maduro SaysMaduro believes in the power of cryptocurrencies like Bitcoin and Ethereum. He says that his cryptocurrency-powered plan will help the country “maintain [the flow of] imports and exports.
2019-10-1 21:13 | |
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Venezuelan President Nicolas Maduro has mandated that the country’s oil-backed cryptocurrency, the Petro, must be used to fund the ‘Great Housing Mission Venezuela’ social housing program. Ildemaro Villarroel, the minister of popular power for habitat and housing - the department overseeing the housing project - confirmed that the program will be funded using the Petro.
2019-9-22 16:29 | |
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For quite some time now, Venezuela has been suffering from a political crisis and a collapsing economy. Venezuelans dealing with rampant inflation continue to see their purchasing power decline. After witnessing one of the worst economic disasters in modern history, 4 million citizens have emigrated to seek a better form of money, shelter, and to […] The post Venezuelans Fighting Economic Hardship Discover Crypto’s True Potential appeared first on Bitcoin News.
2019-9-6 03:30 | |
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Venezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country.
2019-3-15 21:29 | |
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You have probably heard about how bad the crisis in Venezuela is. Recently, most of the country has faced power outages, as there is a national electricity blackout going on and it is lasting for six days.
2019-3-13 14:15 | |
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Bitcoin transactions and active addresses have seen a steep fall this Saturday as Venezuela saw what AP calls the “worst power and communications outage” which “reached virtually every part of.
2019-3-11 18:23 | |
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Nicholas Maduro’s government in Venezuela is going through tough times. In the midst of shockingly high inflation levels, the US has imposed new sanctions on the country’s state-backed oil firm PDVSA and has urged the country’s military to help with the peaceful transfer of power.
2019-1-31 22:24 | |
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As part of an international effort to wrest power from Nicolas Maduro in Venezuela, the Bank of England has denied the nation access to gold deposits stored with the institution. Such instances highlight just why a permissionless store of value like Bitcoin is important on both the global and personal level.
2019-1-26 02:00 | |
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KFC is set to start accepting DASH payments at its first branch in Venezuela by next week. The legal… The post Dash Adoption Grows in Venezuela — Will the Bulls Power Toward $100? appeared first on Invest In Blockchain.
2018-12-18 20:13 | |
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As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
2018-11-1 23:35 | |
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Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.
2018-10-10 22:30 | |
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Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.
2018-8-16 00:26 | |
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When it comes to cryptocurrency, it seems that there are always two sides of the (bit)coin. On the negative side, there’s everything that can go wrong.
2018-7-14 19:30 | |
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Faced with the rapid decline of their money’s purchasing power, Venezuelans have no choice but to come up with out-of-the-box solutions to offset the effects of their country’s sky-high inflation rate.
2018-6-25 20:37 | |
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Venezuela isn’t just a Bitcoin rumor. It’s proof that crypto is now geopolitical infrastructure. When regimes fall, assets go onchain.
The leading cryptocurrency stories in Latin America this week point to a region in transition. Fintech giant Revolut launched full banking operations in Mexico. In Venezuela, Interpol carried out a major crackdown on a cross-border cryptocurrency scam linked to Generation Zoe.
This week in LATAM crypto news, from Colombia to Brazil and Venezuela, the region is witnessing significant advancements in the cryptocurrency field. Some notable examples include: Colombia’s DIAN tightens cryptocurrency transaction reporting laws, Brazil debuts a new government-backed stablecoin with yield sharing, and Venezuelan exchange Kontigo promises to fully recover cash following a security compromise. […]
Venezuela may have quietly built a Bitcoin stash of roughly 600,000 to 660,000 BTC. That number would be worth about $56 billion to $67 billion at recent prices, intelligence reports cited by Whale Hunting analysts Bradley Hope and Clara Preve disclose.
Altcoins traded mixed as Bitcoin led the rally, buoyed by macro triggers and a tightening supply outlook.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently in the green, having recorded excellent gains over the weekend. The leading cryptocurrencies could rally higher in the near term as the bulls take full control of the market.
Despite official claims of recovery, Venezuela is heading toward 2026 burdened by deep structural weaknesses and rising uncertainty. Economist Aldo Contreras and political analyst Pablo Quintero told Invezz the country remains trapped in a prolonged downturn that began more than a decade ago.