Elon Musk accepts challenge to fight president of Venezuela

After ducking Mark Zuckerberg, Musk has now agreed to fight 61-year-old Nicolas Maduro on live TV.

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Crypto remittances in Venezuela surge as economic situation worsens

Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.

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Yearly Crypto Remittances to Venezuela Surges Over $460 Million

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Critics Allege Venezuelan President Maduro Will Use Crypto to Bypass Sanctions

Venezuelan opposition leaders call for stricter crypto sanctions as Maduro's government uses digital assets to bypass restrictions.

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Venezuela bans crypto mining to protect power grid

This move follows a recent crackdown involving the confiscation of 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

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Tether Will Freeze Venezuelan Wallets Being Used to Evade US Sanctions

PDVSA's adoption of USDT has surged since the U.S. reinstated sanctions amid concerns about Venezuela's upcoming election.

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

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Venezuela Accelerates Shift to Tether (USDT) Amidst Tightening US Sanctions

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Venezuela to Accelerate Crypto Usage in Response to Reimposed US Oil Sanctions: Report

The Venezuelan government is once again turning to crypto to circumvent US sanctions, this time, in its oil and gas sector.

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Venezuelan Petro Blockchain Faces Operational Difficulties, Hundreds of Wallets Allegedly Blocked

The blockchain of the petro, the Venezuelan official cryptocurrency asset, has been facing difficulties, halting on May 24, with block production restarting on May 27 only to stop again on May 28. Asonacrip, a local cryptocurrency association, also reported that hundreds of petro wallets were eliminated or blocked. Venezuelan Petro Blockchain Halted The blockchain of [...]

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Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates

Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei, and Tiktok, opponents of the bill believe one of its provisions will punish ordinary Americans for leveraging a [...]

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Not funny: Comedy club NFT debacle teaches lesson in transparency

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.

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National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil sales continues in the country. Tarek William Saab, attorney general, confirmed the involvement of the institution in a parallel scheme that involved the sale of Venezuelan oil to third parties, mentioning [...]

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Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia

Digital asset exchange Bitfinex has launched a peer-to-peer (P2P) trading platform in Venezuela, Argentina and Colombia. In a June 27 announcement, the crypto exchange said it had started the “Bitfinex P2P” platform allowing users in the South American nations to buy and sell Bitcoin (BTC), Ether (ETH), Tether (USDT), Tether’s euro-pegged stablecoin EURT and Tether [...]

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Venezuela Shuts Down Crypto Mining Operations

Venezuela has closed down crypto mining facilities as part of a national crypto department reorganization and corruption investigation into the country's oil company, PDVSA. (Read More)

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Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam and the Caribbean is picking up, Lula criticizes the current international economic system, and Venezuela integrates the Russian

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Bitcoin Price Surges to $31K: Hitting High In 3 Countries

According to TradingView data, BTC price changes have been concentrated around annual highs. The price of bitcoin held steady over the weekend as attention was drawn to geopolitical developments in Russia and its neighboring countries. As the day went on, tensions decreased, but interest in how the markets would respond on June 26 at the […]

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Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K

Bitcoin (BTC) tapped $31,000 for a third time this year on June 25 as the weekly close promised volatility. BTC/USD 1-hour chart. Source: TradingView BTC price challenges $31,000 Data from Cointelegraph Markets Pro and TradingView showed BTC price movements focusing on yearly highs. BTC price remained strong over the weekend, as attention focused on geopolitical [...]

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Venezuela Crypto Regulator Continues Crackdown Amid Reorganization

There seems to be nothing but negative news for the Venezuelan crypto sector since Superintendent of Cryptoassets Joselit Ramirez was

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Venezuela shuts down crypto mining facilities, exchanges amid corruption probe

Venezuela’s energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country’s oil company. According to local media reports, crypto mining companies, and tweets from Venezuela’s National Association of Cryptocurrencies, mining facilities were shut down in the past [...]

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