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Tag: Venezuela

Bitcoin: Decrease in RSI and Diminished Whale Activity May Signal an Upcoming Price Increase

Blockchain | by Max Cosmo | May 9, 2024

Bitcoin is currently hovering below the critical $67,000 level, having briefly touched an intraday high of around $67,600. Over the past 24 […]

Venezuela Bans Cryptocurrency Mining Amid Repeated Power Outages

Blockchain | by Max Cosmo | May 9, 2024

Venezuela has prohibited cryptocurrency mining activities due to a national energy crisis that has led to repeated power outages. The Venezuelan Ministry […]

Venezuela Seizes 11,000 Bitcoin Miners and Bans Mining to Stabilize the Power Grid

Blockchain | by Max Cosmo | May 7, 2024

Due to energy consumption concerns, Venezuela has joined the growing list of countries taking action against cryptocurrency mining. The Venezuelan government, through […]

Venezuela To Commence CBDC In October, Planning To Launch SMS Based Transaction System

Blockchain | by Ben Gupta | August 8, 2021

The Central Bank of Venezuela is mulling over launching a CBDC in the month of October alongside a monetary redenomination that will […]

Venezuela Regulates Cryptocurrency Mining Activities

Blockchain | by Ben Gupta | September 28, 2020

Venezuela’s National Superintendency of Crypto Assets and Related Activities (SUNACRIP), has recently issued the first ruling to officially legalize digital asset mining […]

Venezuela Mulling Over Collecting Taxes In Digital Assets

Blockchain | by Ben Gupta | August 16, 2020

The mayors of Venezuela have decided to become a part of the government’s proposal to further expand the espousal of the national […]