Key Takeaways
- After May 7, demand hit 15,579 MW, Venezuela upheld a mining ban, and will next sanction illegal operators.
- Tether sued Titan Holding over a $300M defaulted loan and next seeks an asset freeze to recover funds.
- Binance notes stablecoins drive 90% of Peru’s $28B crypto market, aiming to cut remittance middlemen.
Venezuela Upholds Crypto Mining Ban as Power Demand Hits 9-Year Peak
The government of Venezuela issued a statement reiterating the ongoing ban on digital mining operations, as the country faces peak energy demand, prompting power rationing measures affecting citizens.
The statement stressed that on May 7, the National Electric System experienced a peak demand of 15,579 MW, the highest number in 9 years, attributing…
