Dogecoin

Token

NEXT GEN PEPE

<div class="insidebitcoins">
 <p>Venezuela has banned cryptocurrency mining activities amid a national energy crisis that is causing recurring blackouts.</p>
 <p>The Venezuelan Ministry for Electric Energy is also planning to disconnect miners from the national power grid to control demand.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="es" dir="ltr">#Oficial Prohibida la minería de Criptomonedas en toda Venezuela.</p>
  <p>— Asonacrip (Asociación Nacional de Criptomonedas) (@AsonacripVe) May 18, 2024</p>
 </blockquote>
 <p></p>
 <p>Shutting down crypto mining farms will reduce demand and ensure the Venezuelan people can access efficient and reliable services, the energy ministry said. The government did not say whether the ban would be temporary or permanent.</p>
 <h2 id="venezuela-seizes-2-000-mining-rigs">Venezuela Seizes 2,000 Mining Rigs</h2>
 <p>The recent ban comes after local reports that the Venezuelan government had seized over 2,000 crypto mining rigs in Maracay.</p>
 <p>The seizure is part of an anti-corruption probe leading to the arrest of several government officials, including the former head of the National Superintendence of Cryptoassets, Joselit Ramírez.</p>
 <p>In a social media post, Carabao’s governor, Rafael Lacava, called for public cooperation to improve the country’s electricity system. Lacava urged the public to report unlawful mining activities.</p>
 <p>It is not the first time the Venezuelan government has shut down crypto mining. In early 2023, crypto miners were banned from the country after a probe into the operations of the state oil company and the national crypto ministry.</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>Pepe Price Pumps 12% In A Week, But Investors Are Flocking To This Multi-Chain Dogecoin Derivative And Its 53% Annual Yield</li>
  <li>Notcoin Price Prediction: NOT Plunges 13% As Experts Say This Casino Token Might Be The Best Crypto To Buy Now</li>
  <li>Is It Too Late To Buy ETH? Ethereum Price Surges 5% As Coinbase Upbeat On ETH ETF Approval Odds And This Might Be The Next Crypto To Explode</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/venezuela-bans-crypto-mining-amid-recurring-blackouts-tbt88928.html">https://thebittimes.com/venezuela-bans-crypto-mining-amid-recurring-blackouts-tbt88928.html</a></p>
</div>

Venezuela Bans Crypto Mining Amid Recurring Blackouts

Table of Contents

TheBitTimes

Other articles published on May 20, 2024

Another Chinese money laundering scheme tied to Deltec and Tether

Top Crypto Gainers Today May 20 – Pendle, Livepeer, Fasttoken, ArcBlock

Is It Too Late To Buy GOME? Game Of Memes Explodes 400% As Experts Say Consider This Crypto Casin...

Meme Coins Facing a Dump? Best Altcoin to Diversify With

StakeStone’s Omnichain Carnival: BNB Eco Wave starts with BNB Chain Airdrop Alliance

Ethereum Maintains Stability Above $3,000

Join our free newsletter for daily crypto updates!