{"id":72336,"date":"2026-05-11T05:21:39","date_gmt":"2026-05-11T05:21:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/venezuelas-crypto-mining-ban-tethers-300m-lawsuit\/"},"modified":"2026-05-11T05:21:39","modified_gmt":"2026-05-11T05:21:39","slug":"venezuelas-crypto-mining-ban-tethers-300m-lawsuit","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/venezuelas-crypto-mining-ban-tethers-300m-lawsuit\/","title":{"rendered":"Venezuela&#8217;s Crypto Mining Ban, Tether&#8217;s $300M Lawsuit"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">After May 7, demand hit 15,579 MW, Venezuela upheld a mining ban, and will next sanction illegal operators.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Tether sued Titan Holding over a $300M defaulted loan and next seeks an asset freeze to recover funds.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Binance notes stablecoins drive 90% of Peru\u2019s $28B crypto market, aiming to cut remittance middlemen.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Venezuela Upholds <span>Crypto<\/span> Mining Ban as Power Demand Hits 9-Year Peak<\/h2>\n<p>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.<\/p>\n<p>The <a href=\"https:\/\/x.com\/AlMomento_M\/status\/2052506612670124431\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a> stressed that on May 7, the National Electric System experienced a peak demand of 15,579 MW, the highest number in 9 years, attributing this rise to an ongoing heat wave and the continued growth of the country\u2019s economy.<\/p>\n<p>Regarding <span>crypto<\/span> mining, it states that <strong>\u201cthe absolute ban on digital mining in the national territory is upheld. Those who illegally use this activity will be sanctioned as the law establishes.\u201d<\/strong> Furthermore, authorities established an oversight plan to fulfill this order.<\/p>\n<p><\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/venezuela-upholds-crypto-mining-ban-as-power-demand-hits-9-year-peak\/\">Read more.<\/a><\/p>\n<h2>Tether Sues Titan Holding in Brazil to Recover $300 Million Defaulted Loan<\/h2>\n<p>Tether has introduced a lawsuit in S\u00e3o Paulo to recover $300 million borrowed to Titan Holding, a company part of the Master conglomerate owned by Daniel Vorcaro.<\/p>\n<p>Vorcaro, who was apprehended on Thursday, was also the owner of Banco Master, liquidated by the Central Bank of Brazil in November after a $2.2 billion hole in its reserves was detected.<\/p>\n<p>According to local media, the loan was issued by Tether Investments one year ago, before the Master conglomerate scandal exploded, affecting over 1 million customers. The loan was supposed to be repaid by March 28, 12 months after its issuance.<\/p>\n<p>Nonetheless, until the time of writing, Tether has not received any repayment from Titan Holdings. In the lawsuit, Tether requests <strong>\u201cthe freezing of financial assets deposited in bank accounts, financial applications, investments, and any other financial assets held by the Defendants Titan, Master Holding, and Master Participa\u00e7\u00f5es be ordered.\u201d<\/strong><\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/tether-sues-titan-holding-in-brazil-to-recover-300-million-defaulted-loan\/\">Read more.<\/a><\/p>\n<h2>90% of Peru\u2019s $28 Billion <span>Crypto<\/span> Market Is Now Driven by <span>Stablecoins<\/span><\/h2>\n<p>Daniel Acosta, Latam North General Manager at Binance, recently commented about the relevance of these digital assets in the country, stressing that they were involved in the majority of the <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> transactions originating in Peru.<\/p>\n<p>According to Criptonoticias, Acosta stated that the Peruvian <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrency<\/a> market has an annual <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a> of $28 billion, with 90% of these operations involving dollar-pegged <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoins<\/a>.<\/p>\n<p>For Acosta, one of the driving forces behind this high level of adoption is the use of these as a dollar proxy for remittances and cross-border payments, as these benefit from the removal of middlemen, reducing costs and increasing the efficiency of these processes.<\/p>\n<p><a href=\"https:\/\/news.bitcoin.com\/90-of-perus-28-billion-crypto-market-is-now-driven-by-stablecoins\/\">Read more.<\/a><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/latam-insights-venezuelas-crypto-mining-ban-tethers-300m-lawsuit\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) 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\u2019s $28B crypto market, [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":72337,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72336"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72336"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72336\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72337"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}