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Venezuelan Retailing Heavyweight Starts Accepting Bitcoin, Altcoins
27.11.2020
Rattan Plaza. Source: A screenshot, Instagram/rattanplaza
Rattan, a popular shopping outlet in Venezuela, has become the latest retailer in the country to announce it will start accepting payments in bitcoin (BTC) and a number of altcoins.
Per a tweet from media outlet Criptolugares that...
Venezuelan Army Engineers Start Mining Bitcoin
24.11.2020
Source: A video screenshot, Instagram/ejb_61brig
Venezuelan soldiers are mobilizing. No, this is not the start of World War III – these troops are being put to work mining bitcoin (BTC) in the Nicolás Maduro regime’s latest, and possibly most audacious crypto-themed fundraising effort yet.
Per...
Venezuelan Authorities Clamp Down on Off-The-Books Crypto Pay Vendors
20.11.2020
Venezuelan tax agents on the prowl. Source: Twitter/@jdavidcabello
Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats...
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
12.11.2020
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report...
Venezuela to Incorporate Bitcoin and Litecoin Wallets into National Remittances Platform
2.11.2020
Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation...
UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England
6.10.2020
The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela. Court Rules in Favor of Central Bank of Venezuela...
Venezuela’s State-Run ‘Defi’ Crypto Exchange Goes Live After Maduro’s Anti-Blockade Speech
3.10.2020
Decentralized finance (defi) is allegedly coming to Venezuela after a recent decree from Venezuelan President, Nicolás Maduro and the United Socialist Party of Venezuela. The government recently introduced a defi platform called BDVE that purportedly provides Venezuelan citizens with the means...
Crypto mining activities are now regulated by the Venezuelan gov
23.9.2020
But there is always a catch when it comes to Maduro’s government
Venezuelan Crypto Users Worried as Trading Options Become Limited
15.9.2020
Venezuelans are increasingly finding their options slowly reducing when it comes to choosing crypto trading platforms, with many taking to Twitter to vent their fears and frustrations.
Late on September 14, the peer-to-peer crypto exchange Paxful announced it was exiting the country, stating...
The Battle to Get Dictator’s Seized Millions to 62,000 Venezuelan Health Heroes
26.8.2020
How crypto-powered Airtm is teaming with Venezuela’s opposition government to distribute $18 million in funds the U.S. seized from the Maduro dictatorship, featuring Airtm CEO Ruben Galindo
Coinbase-Backed Exchange to Redistribute Seized Venezuelan Funds
21.8.2020
A major win for the people of Venezuela and the fight against government corruption
What Venezuelans Think About Bitcoin and American Media
15.8.2020
Venezuelan journalist Javier Bastardo and CoinDesk’s Leigh Cuen talk about cryptocurrency and the American media industry
305 Venezuelan Municipalities to Collect Tax in Cryptocurrency Petro
13.8.2020
Venezuela’s national tax harmonization agreement has been signed by the council representing 305 municipalities. They have agreed to use the country’s cryptocurrency, the petro, as the unit of account for tax payments. Taxing in Petro The Bolivarian Council of Mayors signed...
Venezuela Bans Bitcoin Mining Operations in the Country’s Public Housing Sector
18.7.2020
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. The United Socialist...
Venezuela Seizes 315 Bitcoin Mining Rigs: Miners Discuss Illegal Confiscation, Police Extortion
9.7.2020
The Venezuelan military has seized 315 Bitmain Antminer S9 bitcoin mining rigs it claims are not properly registered to operate in the country. Although cryptocurrency mining is legal in Venezuela, miners say they have been unfairly treated, citing illegal seizures of mining equipment and police...
Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines
8.7.2020
Venezuelan authorities confiscated 315 Bitcoin mining systems
Venezuelan Soldiers Stop Truck Full of Antminer 9 Bitcoin Mining Rigs
8.7.2020
The intercepted truck. Source: Twitter/@GNB_CZBolivar
The Venezuelan military says it has intercepted a truck full of 315 cryptocurrency mining rigs.
Per a tweet from the army’s official account, which also posted photos of the Chevrolet 350 truck – and its illegal cargo – the driver was unable...
UK Court Denies Maduro Access to $1 Billion of Venezuela’s Gold
3.7.2020
The UK is denying Nicolas Maduro access to Venezuela’s gold worth about $1 billion, stored at the Bank of England. The UK High Court has ruled that the country does not recognize Maduro as president of Venezuela, blocking him from accessing the much-needed gold. England Denies Maduro Access...
BTC Payments Reportedly Now Disabled for Venezuelan Passport Purchases
25.6.2020
Bitcoin’s payments for Venezuelan passport applications disabled “temporarily” without official explanation
Venezuelan Petro Payments May Be on the Rise
12.6.2020
The government of Nicolas Maduro claims that 15% of fuel payments at petrol stations were made using the state-backed Petro token