Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance

August 18, 2024 Bitcoin.com

Binance

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the Venezuelan government blocks Binance using a state-owned ISP, and the Paraguayan justice system convicts an individual for energy theft crimes […]

Despite Bitcoin’s 10% Drop, Over M in Old Coins Find New Homes

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Venezuela Blocks Access to Binance Amid Massive Inflation and Civil Unrest

August 13, 2024 The Daily Hodl

Binance

Access to Binance has been blocked in Venezuela amid civil unrest and massive inflation following the South American country’s controversial presidential election last month. Binance, the top global crypto exchange by volume, took to the social media platform X on Saturday to assure Venezuelan customers that their funds are safe. “Like several websites of companies […]

The post Venezuela Blocks Access to Binance Amid Massive Inflation and Civil Unrest appeared first on The Daily Hodl.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Venezuela blocks Binance, X amid presidential election dispute

August 12, 2024 Coin Telegraph

Ban

Binance has assured its users that their funds are safe after Venezuela cut off access to the exchange and social media platform X.

Venezuela’s government has blocked access to crypto exchange Binance, social media platform X and other online services amid unrest over disputed presidential election results.

On Aug. 9, local anti-censorship organization VE sin Filtro posted to X that it “detected a DNS block on the cryptocurrency exchange Binance, which affects the normal operation of its website and mobile application.”

“Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,” the exchange’s Latin American-focused X account posted on Aug. 10.

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands

August 11, 2024 Bitcoin.com

Binance

CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world. The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Venezuelan President Nicolas Maduro Announces 10-Day Block of X; Signal Also Affected

August 9, 2024 Bitcoin.com

bitcoin.com

Venezuelan President Nicolas Maduro announced that he signed a document authorizing Conatel, the telecom regulator, to block access to the X social network for 10 days. This requires its owner, Elon Musk, to present several documents before allowing it to operate again in the country. Paradoxically, using X, Maduro called for an end to “plans […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Latam Insights: El Salvador Proposes Using Crypto for International Settlements; First Bitcoin-Funded Company Registered in Argentina

August 5, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador proposes using crypto as a tool to complete international settlements with Russia, Argentina registers its first bitcoin-funded company, and the Polymarket Venezuelan presidential election bet is still undecided. Russian Diplomat: El […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Latam Insights: Bukele Slashes Import Duties in El Salvador, Argentina Enacts Crypto Tax Normalization

July 21, 2024 Bitcoin.com

Argentina

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele eliminated import taxes for basic products for a decade in El Salvador, Argentina defined rules for regularizing cryptocurrency assets, and OFAC sanctioned the Venezuelan gang Tren de Aragua. President Bukele […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Triple-A: Argentina and Brazil in the Top Ten Of Countries With Most Cryptocurrency Ownership

July 18, 2024 Bitcoin.com

Argentina

Argentina and Brazil are part of the top ten countries with the most crypto ownership, according to a recent report issued by Triple-A, a provider of digital currency white-label payment solutions. Argentina took the fourth place in the list, with 18.9% of its population holding cryptocurrency, while Brazil appears in sixth place with 17.5%. Argentina […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Latam Insights: Bukele Goes Chavez Mode Against High Prices, Paraguay Strengthens Power Theft Penalties For Crypto Mining

July 14, 2024 Bitcoin.com

bitcoin.com

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: President Nayib Bukele starts combating price gouging practices in El Salvador a la Chavez, Paraguay enacts penalties of up to 10 years of jail time for power theft linked to crypto mining activities, […]

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

July 10, 2024 Bitcoin.com

Bitcoin (BTC)

According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local ASIC stores are still selling miners for small operations, that survive by hiding their farms in undisclosed locations. Clandestine Bitcoin Mining Rises Again […]

Venezuela

Share this video