Tag: underground

Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency

Trump Signs Executive Order Banning Venezuela’s Petro Cryptocurrency

U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies. In effect, this means that the petro, recently launched by Venezuelan president Nicolas Maduro, is now illegal in the U.S. The controversial cryptocurrency was widely seen as a means to evade economic sanctions imposed by the U.S. The executive…

Life Inside a Secret Chinese Bitcoin Mine

Life Inside a Secret Chinese Bitcoin Mine

Subscribe to Motherboard Radio today! http://apple.co/1DWdc9d In October of last year Motherboard gained access to a massive, secretive Bitcoin mine housed within a repurposed factory in the Liaoning Province in rural northeast China. This is the infrastructure that keeps the digital currency’s decentralized network up and running, and its operators are profiting big time. The…

Venezuela Unveils Official “Petro” Cryptocurrency to “Overcome Financial Blockade”

Three months ago, in a not entirely surprising move meant to circumvent US economic sanctions on Venezuela, president Nicolas Maduro announced that his nation would stop accepting dollars as payment for oil imports, followed just days later by the announcement that in a dramatic shift away from the Petrodollar and toward Beijing, Venezuela would begin…

Everything You Need to Know About Bitcoin: VICE Podcast 027

This week on the VICE Podcast, Reihan Salam sits down with Jerry Brito, one of the leading experts on Bitcoin. Jerry is a senior research fellow at George Mason University’s Mercatus Center and director of its Technology Policy Program. His research focuses on internet policy, copyright, and the regulatory process. Jerry was kind enough to…