600,000 Bitcoin Allegedly Held In Venezuelan Shadow Reserve: Report
Bitcoin entered the geopolitical spotlight over the weekend after a report alleged Venezuela secretly accumulated as much as 600,000 BTC, coinciding with the US capture of President Nicolás Maduro. A new Whale Hunting investigation landed just as Washington delivered its own shock to Caracas: over the weekend, US forces captured Venezuelan leader Nicolás Maduro and […]
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The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC Miners According to a press note published by the GNB, the procedure took place in a checkpoint on the Bolivar state, specifically in the Puente Angostura. An individual transported the bitcoin (BTC) mining equipment on a....
The Shadow Brokers have backtracked from the auction, they are now willing to make the password public for 10,000 BTCs in crowdfunding. It was expected to turn out this way. The hacker group, Shadow Brokers that was responsible for obtaining a cache of cyber-attack tools allegedly used by US National Security Agency’s Equation Group has decided to get rid of the auction process. The decision was made by the hacking group a few days ago after it failed to gain enough attention. According to Shadow Brokers’ recent post on Medium two days ago, the hacker group is now willing to give away the....
Things are not looking good in Venezuela. Food is reportedly tough to procure or inflated, and the country's minimum wage puts people beyond poverty. Recently, individuals have reported the Venezuelan government has taken a strict stance on foreign currencies, including Bitcoin. The Venezuelan government has not released official figures regarding the lack of availability of basic products in the country. A leaked government study, however, has shone light on the question. Alongside scarcity, Venezuelans are enduring the rising cost of food, with the monthly cost of an average Venezuelan....
So far, the auction held by The Shadow Brokers has collected 1.761 Bitcoin, which is next to nothing. The Shadow Brokers are attracting a lot of attention with their so-called NSA exploit kit auction. Although the group is demanding a price of 1 million Bitcoin, several of the bis which have been confirmed raise some questions. The US government obtained several thousand Bitcoin when shutting down Silk Road. What is preventing them from using this funds to win the auction? Hardly anyone will be surprised to hear the US government will do everything they can to prevent this NSA toolkit from....
Venezuelan authorities are cracking down on Bitcoin mining facilities and are focused on “weakening” these mining operations within the region. According to reports on January 27, the Organized Crime Bureau of the Bolivarian National Police (BNP) shut down an 11,000 unit Bitcoin mining undertaking. Venezuelan Police Take Down a Large Bitcoin Mining....