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Venezuela's Socialist Regime Is Mining Bitcoin In a Bunker to Generate Cash

From vice.com

At a military base outside Caracas, Venezuela, state video footage shows officers in green fatigues cut a blue ribbon donned with a cluster of glossy balloons. Then, the men pry open the doors of a narrow, dimly-lit bunker. But the balloons weren't inaugurating a new weapons factory or training facility. They marked the opening of a new bitcoin mining farm. Venezuela’s President Nicolás Maduro needs cash to sustain his grip on power after muddling through one of the worst economic implosions seen in recent modern history in the Western Hemisphere. It appears that Maduro’s last ditch effort to buoy Venezuela’s ... (full story)

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  • Category: Fundamental Analysis