Latest News for: Venezuela mining


From South Africa to Latin America, developing countries currently top cryptocurrency usage

The Times of India 18 Sep 2021
Nigeria in South Africa, Vietnam and Philippines in SouthEast Asia and Venezuela and Argentina in Latin America were key names thrown up by the survey ... However, crypto mining is still not a regulated activity in Vietnam ... Crypto mining has been a regulated activity in Venezuela since November 2020.

U.S. Citgo protection to end on June 2022

Petroleum World 17 Sep 2021
The US government may be turning a Venezuela policy corner by signaling a possible end to its protection of US refiner Citgo from creditors in first half 2022 ... The lapse of this already tenuous mandate effectively ends the authority of opposition leader Juan Guaidó as Venezuela's interim president.

How gamers are earning cryptocurrency for a living - Pocketful of Dirhams

The National 16 Sep 2021
Video game players have discovered a lucrative side hustle – earning cryptocurrency by signing up for play-to-earn games ... In fact, it’s become a financial lifeline for many gamers who have lost their jobs in countries such as the Philippines, Brazil and Venezuela.READ MORE. How a teenager and his sister are making $35,000 a month by mining Bitcoin ... .

Colombia, Venezuela tensions rising as Bogota boosts troop presence on border

Press TV 14 Sep 2021
Colombia has increased troop presence on its border with Venezuela after five Colombian soldiers were killed and several others wounded in an attack "carried out by the National Liberation Army (ELN) and FARC guerrillas." ... We continue to pray for peace in Colombia.” Venezuela says 10 Colombian paramilitaries killed in Caracas clashes so far.

Colombia boosts troop presence on border with Venezuela

Urdu Point 13 Sep 2021
Bogota, Sept 13 (UrduPoint / Pakistan Point News - 13th Sep, 2021 ) .Colombia said Monday it was sending 300 troops to the border with Venezuela after five soldiers were killed in a rebel attack that Bogota claimed was planned on its neighbor's soil ... been "planned from Venezuela."

Boies Schiller taps Reed Smith int'l disputes pro in partner hire

Reuters 10 Sep 2021
Love, according to his since-deleted profile page on Reed Smith's website, was among the attorneys who helped Canadian gold miner Rusoro Mining Ltd win more than $1.2 billion in damages in 2016 after a World Bank tribunal ruled that Venezuela had unlawfully seized the company’s gold mine.

Venezuela central bank gold reserves fall as Maduro seeks cash

Petroleum World 09 Sep 2021
Venezuela central bank gold reserves fall as Maduro seeks cash ... Venezuela’s gold reserves fell by 3 tonnes in the first half of 2021 to their lowest level in 50 years, central bank data showed on Tuesday, as President Nicolas Maduro’s cash-strapped government continues selling gold as a source of income.

What Is Driving Bitcoin Mining In Venezuela?

NDTV 09 Sep 2021
With electricity prices as low as 0.06 cents per kWh, crypto mining is proving to be extremely lucrative in Venezuela, a country riddled by economic uncertainty and a high unemployment rate ... .

Gold steadies below $1,800 as firm dollar, yields weigh

The Times of India 08 Sep 2021
Russia's Nornickel, world's largest producer of palladium and high-grade nickel, has extracted additional metals from waste products as part of new technology it tested to support its 2021 output from its Arctic mines that were hit by flooding, it said on Tuesday. Venezuela's gold ...

Venezuela's Smaller Gangs Carve Out Local Criminal Fiefdoms

InSight Crime 07 Sep 2021
The video, released on August 28 but filmed a few days earlier, was reportedly shot near Troncal 10, a highway linking Venezuela’s northern states of Monagas and Sucre ... Enemies to Allies - How Venezuela Decides Which Criminal Groups Thrive ... The Unlikely Resistance of a Lone Mining Gang in Venezuela ... ELITES AND CRIME EXTORTION VENEZUELA.

How individuals can ‘unbank’ from TradFi using crypto

Cryptoslate 07 Sep 2021
Cryptocurrencies are becoming increasingly popular as the world transitions to a more digital society ... For example, Bitcoin – with its hard cap on mining at 21 million – offers those in hyperinflation-prone countries like Venezuela and Argentina an alternate form of currency that is not vulnerable to the central bank’s inflationary policies ... .

Cheap electricity ushers crypto mining boom in Venezuela paves way for digital economy

The Times of India 05 Sep 2021
Extremely low rates of electricity have proven to be a boon for mining Bitcoins in Venezuela ... In the case of Venezuela, mining is a legal and well regulated activity, as established by Sunacrip, the country's legal cryptocurrency watchdog ... The mining cost, however, proves ...

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

Bitcoin 03 Sep 2021
The 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 country is going digital because of the possibilities these new tools offer. Cheap Power Creates Mining Opportunities in Venezuela.

Cheap electricity a boon for bitcoin mining in cash-strapped Venezuela

Manila Standard Today 01 Sep 2021
This is the sound of a bitcoin mine -- one of several in a country where cheap electricity has made crypto mining a rare profitable endeavor ... - In a Venezuela with ridiculously low electricity costs, mining cryptocurrencies has become a very profitable business, albeit a target for extortion.