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Venezuela
Touzi Capital CEO on BTC Mining, DeFi Yields, Environmental Concerns
Touzi Capital Founder & CEO Eng Taing discusses retail bitcoin mining, sharing insights into his company’s work with Compass Mining. Taing explains the energy efficiency of new mining technology, his investment strategy in decentralized finance (DeFi) and the crypto mining landscape in other countries like Venezuela. Plus, a conversation on the environmental concerns of proof-of-work mining.
Venezuela’s Maduro Announces 18-Fold Increase to Minimum Wage, Pegged to Official Cryptocurrency
According to a Bloomberg report, Venezuela President Nicolas Maduro announced a 18-fold increase in Venezuela’s monthly minimum wage to roughly 126 bolivars ($28) by pegging it to the value of half a petro, the government’s cryptocurrency being the petro (PTR).
MetaMask and Infura Block Services Amid Regulatory Concerns
CoinDesk Managing Editor for Global Policy and Regulation Nikhilesh De joins “First Mover” to share his insights on why MetaMask and Infura restricted access for some users in certain parts of the world like Venezuela. De touches on the increasingly prevalent influence of regulatory bodies on the crypto industry and the true nature of decentralized technology.
Venezuela Pegs Minimum Wages to National Cryptocurrency: Report
The Venezuelan national cryptocurrency is based on the DASH blockchain, and has many characteristics of a CBDC.
RPT: Crypto Wallet MetaMask Suspends Venezuela Operations Due to Compliance Issues
Reports are circulating on the internet claiming the MetaMask wallet has started blacklisting certain Venezuelan addresses, citing compliance issues with regulatory frameworks. “The Hash” discusses the state of decentralized technologies as government entities become increasingly aware of their activity while relating this story to broader concerns about the openness of the Ethereum network.
They Were Jailed for Hacking an Exchange. Blockchain Data Cleared Them
How blockchain forensics helped two suspects in a cyber crime prove their innocence
Axie Infinity Finds Ready Players in Hyperinflation-Racked Venezuela
As they have in the Philippines, some players are making enough money to feed their families.
Venezuela Citizens Reportedly Using Gold Flakes to Pay for Goods and Services As Economic Crisis Deepens
In certain areas of Venezuela, some citizens are reportedly using flakes of gold as a means of buying goods and services amid the country facing hyperinflation. "The Hash" squad discusses the potential use cases of gold and crypto as the Venezuelan bolívar currency weakens in an ongoing economic meltdown.
Venezuela’s New Digital Bolivar Isn’t Digital, and It Won’t Solve the Country’s Economic Crisis
In view of the hyperinflation in the Latin American country, the government decided to remove six zeros from the currency and issue a new bolivar. For a third time.
Crypto Adoption in Venezuela
Alejandro Machado, Open Money Initiative co-founder, with an update on crypto adoption in Venezuela.