Bitcoin

April

<p>Things are heating up between Venezuela and Guyana right now. The reason? Nicolás Maduro wants to reclaim Essequibo, a territory awarded to the British in 1899 following a “partial” decision by the judges of the time. Burdened by massive inflation, Venezuela needs to find other alternatives to get its economy back on track. And if that means the annexation of 2/3 of Guyana, where there are oil and other mineral resources, so be it.</p>
<h2 id="h-soon-a-referendum-on-essequibo">Soon a referendum on Essequibo</h2>
<p>With its colossal energy resources (coal, hydrocarbons, uranium, etc.), <strong> Russia quickly understood that bitcoin mining would be beneficial</strong> as the most sanctioned country in the world. And their efforts seem to be paying off as they currently hold the <strong>second place among the superpowers of BTC mining</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>As for Venezuela, currently holding 1/5<sup>th</sup> of the world’s crude oil reserves, this option has unfortunately been ruled out by the regime. For now, <strong>the Maduro government is focused on expanding its territory</strong>.</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Guyana has discovered oil reserves in Essequibo which are greater than Kuwait’s &amp; the UAE,however Venezuela claims the region of Essequibo is theirs,despite a court ruling stating its Guyana’s. <br><br>Guess which country is on its way to “HELP” solve a potential conflict <br><br>USA<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f644.png" alt="🙄" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f644.png" alt="🙄" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f644.png" alt="🙄" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/TSCqzWifqD" rel="noopener noreferrer nofollow">pic.twitter.com/TSCqzWifqD</a></p>— Lin Mei (@linmeitalks) <a href="https://twitter.com/linmeitalks/status/1728734472806519280?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 26, 2023</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption">
  Essequibo, the Venezuelan Crimea?
 </figcaption>
</figure>
<p>Recently, news outlets have reported on <strong>a referendum in which Venezuelans will have to decide on the fate of Essequibo</strong>. If the YES vote wins, the inhabitants of this territory once belonging to Venezuela will be granted Venezuelan citizenship. And at the same time, they would see the <strong>creation of the department of “Guyana Esequiba.”</strong></p>
<p>Why annex a 160,000 km2 territory when Maria Corina Machado, Maduro’s main opponent, is against it? Why question the competence of the International Court of Justice (ICJ), and by extension the UN?</p>
<p>In fact, “<em>it has oil deposits, minerals, and rich river basins</em>,” specifies <a href="https://www.france24.com/fr/info-en-continu/20231122-venezuela-la-principale-opposante-contre-le-r%C3%A9ferendum-sur-la-r%C3%A9gion-en-dispute-avec-le-guyana" target="_blank" rel="noopener noreferrer nofollow">France24</a>.</p>
<p>This <a href="https://twitter.com/ObsDelphi/status/1729188058120220732?t=RDkntpbMKvK-Qxiutmil8Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">extensive Twitter thread by Louis Duclos</a>, a geopolitical analyst, will certainly teach you a lot more about Maduro’s motivation and the dynamics of this annexation of Essequibo.</p>
<h2 id="h-venezuela-and-bitcoin-a-difficult-symbiosis">Venezuela and bitcoin, a difficult symbiosis?</h2>
<p>The top 10 countries most affected by inflation by <a href="https://www.cnews.fr/monde/2023-05-29/inflation-voici-les-10-pays-du-monde-ou-le-taux-est-le-plus-eleve-en-2023-1359577" target="_blank" rel="noopener noreferrer nofollow">CNews</a> puts Venezuela in first place. With <strong>price increases nearing 430% in April 2023</strong> (234% in 2022 and 686.4% in 2021), the incumbent president, Nicolás Maduro, is increasingly challenged by his people. Polls give him very little chance of winning the 2024 presidential elections.</p>
<p>And yet, other neighboring countries facing the same problems, such as Argentina, are not hesitant to turn to cryptocurrencies to deal with inflation. With a <strong>new anti-system president</strong> recently elected, Javier Milei, this Latin American country expects that other alternatives like bitcoin (and the dollar) may pull them out of the mud.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Can Venezuela find salvation in bitcoin? El Salvador, the first country to legalize the queen of cryptocurrencies, is not far away. And the Maduro government can learn from its experiences. Unless it persists in its policy promoting “21st century socialism” initiated by the late President Hugo Chavez, who died in 2013. In that case, its financial regulator Sunacrip will continue to impose increased surveillance of cryptocurrency transactions.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>

Venezuela vs. Guyana: Does Maduro Need Bitcoin More Than Oil?

Mục lục

Cointribune EN

Các bài viết khác được xuất bản trên 30 thg 11, 2023

2 Positive Signals Before Bitcoin’s Halving

While Bitcoin Prepares for Monthly Closing, Bitfinex Analysts Received a Positive Report for BTC!

Bitcoin Exchange Upbit Announces It Will List a New Altcoin!

Binance expanded investments in lobbying just before guilty plea

Shiba Inu (SHIB) Price Forecast With AI Insights For December 1

AntPool Agrees to Refund Whopping $3M Bitcoin Fee

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!