Venezuela’s Only Bitcoin Exchange to Resume Operations
Venezuela Bitcoin exchange SurBitcoin has announced it intends to start operating once more within a week. Legal Bitcoin Exchange in ‘Around One Week’. In a statement on its Facebook page, the exchange, which was forced to close at the request of banking partner Banesco, said that the process of finding a replacement had taken “longer than expected.” “Based on the procedures carried out so far and the ongoing discussions with the bank’s management, it is estimated that in approximately one week, exchange operations will resume on the platform,” the statement reads. While Surbitcoin gave no....
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After staying offline for the last few days, Bitcoin exchange BitStamp is hopeful resume trading services today, confirmed co-founder Damijan Merlak via email. The Slovenian exchange recently became the victim of online theft, which eventually cost it and its customers around 19,000 BTC - an equivalent of some $5 million. Their representatives however said that a huge portion of the total Bitcoins is safe, and has moved to a much secure offline wallet. On Wednesday, the founderspromised the customers to resume Bitcoin trading operations within the next 24 hours, soon after they turned off....
Bitstamp, one of the largest exchanges for the digital Bitcoin currency, said it would resume trading later on Friday after suspending operations because of a security breach on Sunday, Reuters reports. Damijan Merlak, one of Bitstamp's two Slovenian founders, told Reuters in an emailed message on Friday: "Trading will resume during the day today." On Wednesday, Bitstamp had said it expected that trading could resume within 24 hours and added that customers would not lose money because of the breach and that security would be increased. The next day Bitstamp stated that they were testing a....
Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.
A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional authorities to allow them to operate and avoid further interruptions to the service. Venezuelan Miners in Carabobo Meet With Sunacrip A group of miners disconnected from the national power grid in the Carabobo state in Venezuela met....
Venezuela’s cash is losing value quickly. People and businesses are shifting to US-dollar stablecoins, especially USDT, to protect savings and make everyday payments. Related Reading: Not Just Crypto: Research Says XRP Is Moving Into Bank-Grade Payment Infrastructure According to market data, the peso-like bolívar has quoted around 267 per US dollar on December 12, 2025, […]