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Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin Miners

Venezuelan Court Rolls Back Seizure of More Than 1,000 Bitcoin MinersA Venezuelan court in the capital of the country has rolled back a seizure of more than 1,000 Bitcoin miners due to irregularities that occurred during the confiscation. According to court documents, the equipment that was seized was in the custody of a third-party company that was doing maintenance services. The court ordered Sunacrip, the […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mining Operation

Venezuelan Authorities Seize More Than 100 Miners From Clandestine Bitcoin Mining OperationVenezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and personnel from Sunacrip. […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela

Travelers Will Be Able to Purchase Airline Tickets With Crypto in VenezuelaTravelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near future. According to statements made by Freddy Borges, Director of the Maiquetía International Airport, the institution would be working to include cryptocurrencies such as dash, bitcoin, and the national petro as supported currencies in the airport’s payment system. Airport to […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency Scams

Sunacrip and Venezuelan Intelligence Police Issue Warning on Cryptocurrency ScamsSunacrip, the Venezuelan cryptocurrency watchdog, and the Intelligence Police (CICPC) issued a warning for the general population about cryptocurrency scams. The institutions gave a series of recommendations to avoid being scammed by cryptocurrency Ponzi schemes involving the national cryptocurrency, petro (PTR), advising users to always keep their accounts’ passwords secure. This is the government’s answer […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Cheap Power Brings Bitcoin Mining Boom to Venezuela as Country Moves Toward Digital Economy

Cheap Power Brings Bitcoin Mining Boom to Venezuela as Country Moves Toward Digital EconomyThe very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious Bitcoin. In other […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Venezuelan Authorities Reconnect Affected Bitcoin Miners to Power Grid

Venezuelan Authorities Reconnect Affected Bitcoin Miners to Power GridVenezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between the regional power utility authorities and the affected miners, and managed to exert pressure to reconnect these miners, who were disconnected last week. Venezuelan Bitcoin […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours

Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 HoursA group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Museum of Bitcoin Mining History Opens Its Doors in Venezuela

Museum of Bitcoin Mining History Opens Its Doors in VenezuelaA new museum dedicated to the history of bitcoin mining opened its doors in Venezuela last weekend. The institution will allow visitors to learn about the history of cryptocurrency mining, going from its roots to the current state of the mining industry. The museum is part of a private initiative started by Criptoavila, a mining-dedicated […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

400+ Miners Seized in Venezuela Due to Lack of Permits

400+ Miners Seized in Venezuela Due to Lack of PermitsAuthorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in the apprehension of four individuals. Mining in Venezuela is perfectly legal, but it […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI

Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers

Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service ProvidersSunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising alarms in the cryptocurrency community about what the government could do with this […]

From Ethereum’s Debut to the Future of Web3: The Legacy of WAGMI