Tag Archives: venezuela
- SurBitcoin to resume ops after resolving conflict with Venezuela bank
February 24, 2017
Venezuela's largest bitcoin exchange, SurBitcoin, is back in business. If you recall, the bitcoin exchange had been forced to suspend trading for all its users three weeks ago after Banesco, the largest financial institution in Venezuela, closed the company's bank account. The bank told SurBitcoin that Venezuelans aren’t allowed to...
- Bitcoin exchange temporarily shuts down amid Venezuela crackdown
February 7, 2017
Venezuela-based bitcoin exchange SurBitcoin has been forced to shutter its operations—albeit temporarily—as the government continues its crackdown on bitcoin mining businesses. Last week, the bitcoin exchange told its clients to withdraw their cash and cryptocurrency balances after the company’s bank account at Banesco, Venezuela’s largest financial institution, was suddenly shut...
- Venezuela slaps bitcoin miners with electricity theft charges
January 27, 2017
Four bitcoin miners in Venezuela got into trouble with authorities who are accusing them of stealing electricity in the city of Charallave. Federal police arrested three men and one woman on charges of cyber fraud and electricity theft, according to a government website. Douglas Rico, director of the Computer Crime...
- India-like panic looms as Venezuela decommissions 100-bolivar bill
December 13, 2016
2016 has become the year of an all-out war against cash. In November, Indian Prime Minister Narendra Modi shocked the entire country when he banned two currency notes—500 and 1,000 denominations—to crack down on corruption, fake currency notes and tax evaders. The announcement caused massive problems in the country, resulting...
- Turning point for bitcoin: IMF forecasts 1,640% inflation for Venezuela
July 21, 2016
It’s a fact that many economies—even the most advanced ones—struggle to lift inflation, but that’s nothing compared to what Venezuela is going through. The country is in the middle of the worst inflation period in history, with consumer price inflation hitting 480 percent this year. But that’s nothing, according to...
- RACING: Run on OTB accounts; Jersey told to suck it up; Venezuela’s mad for it
December 10, 2010
Bettors can’t withdraw their money fast enough from New York City Off-Track Betting accounts. Hard numbers are hard to come by, but the scuttlebutt is that money has been flowing out of OTB accounts like air out of a deflating balloon. Even if OTB were to somehow find a way...
Pala Interactive debuts New Jersey online poker site
June 7, 2017
New Jersey online gambling demolishes old revenue record
April 12, 2017