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Writer's pictureFahad H

Crypto News From the Spanish-Speaking World: Oct. 21–27 in Review


The Spanish-speaking world has seen main cryptocurrency and blockchain developments with a former Bolivian intelligence director claiming that Venezuela is stuffed with secret crypto mining farms, extortionists who request Bitcoin (BTC) discovering their approach into Spain, and the Fintech Alliance of Latin America making ready a white paper on digital identification.

Here is the previous week of crypto and blockchain information in assessment, as initially reported by .

Former intelligence director: Venezuela is stuffed with secret government-led mining farms

Manuel Figuera, a former director of the Bolivarian National Intelligence Service, mentioned that the Venezuelan authorities is secretly operating crypto mining farms in several areas of the nation.

Figuera, who additionally was once a serious normal within the Venezuelan military earlier than going into exile, mentioned Venezuela’s state crypto — the Petro — is a hoax, which is simply an excuse for the federal government to import 1000’s of mining machines immediately from China.

According to Figuera, the current electrical energy blackouts that occurred throughout the nation are nearly definitely associated to the variety of mining farms which might be dispersed in secret all through Venezuela.

Sextortionists who cost Bitcoin now goal victims in Spain

A community of extortionists who demand funds in Bitcoin in alternate for not spreading false sexual movies of the victims has now discovered its approach into Spain. This new type of sextortion has been denounced by the Spanish nationwide police power, which has additional warned individuals who obtain these rip-off messages not pay or switch the Bitcoin requested by scammers.

50 ports in Latin America contribute to IBM and Maersk’s blockchain platform

IBM instructed on Oct. 24 that greater than 50 ports and terminals in Latin America are already contributing information to the TradeLens blockchain community of IBM and Maersk. IBM mentioned:

“Having five of the six largest global container transport lines – representing more than half of the global vessel capacity – allows collaboration between business partners, generating more efficiency and insights throughout the global chain of commerce, thanks to the digitalization of trade flows.”

Natalia de Greiff, a VP of cloud and cognitive at IBM, mentioned that regardless of a current breakthrough in port operation effectivity within the area, it’s nonetheless lagging behind different nations.

Argentine Ministry of Security indicators settlement with Bitex

The Ministry of Security in Argentina has signed an settlement with fintech firm Bitex to ascertain a framework for collaborating on analysis actions, coaching, research and initiatives for crime prevention and security in our on-line world and the usage of crypto belongings.

The events intention to enhance understanding of the technical traits of crypto belongings, the individuals and corporations that use them, and the function they play in felony actions. Pablo Lázaro, director of Cybercrime Investigations of the National Directorate of Investigations commented:

“We celebrate the agreement between the Ministry of Security and Bitex since it is another demonstration that the Public-private cooperation is necessary to combat cybercrime and to strengthen the protection of citizens and businesses that are often victims of organized crime. ”

The Fintech Alliance of Latin America prepares a white paper on digital identification

The Fintech Alliance of Ibero-America has ready a white paper on digital identification that analyzes how new digital identification applied sciences are starting to have an effect on the monetary sector of the area.

The white paper goals to function a sensible information for the event of the Ibero-American fintech neighborhood and supply info on particular traits of recent digital identification applied sciences comparable to digital onboarding, biometric authentication and digital signatures. The white paper states:

“Local gamers can discover on this information examples of economic regulators which might be selling any such options in different areas of the world […] and from which an instance will be taken to guage the particular advantage of digital identification for, amongst others, to keep away from fraud and promote the monetary inclusion of residents.”


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