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Maduro Bans BTC Exchanges From Giving Money To Health Workers

Maduro Bans BTC Exchanges From Giving Money To Health Workers

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Maduro bans BTC exchanges from giving $18 million to health workers during the ongoing coronavirus pandemic as we are reading more today in our latest bitcoin news.

Venezuela’s opposition government aims to distribute $18 million of funds seized from the country’s Maduro regime and one crypto company AirTM will now handle the payouts. Though the subversive intentions are quite impressive, this plan could not be workable on a larger scale. AirTM a Venezuela-based crypto exchange was selected to redistribute $18 million worth of funds seized from the controversial Maduro government.

After trying to block the distribution, activities provided the users with a guide to using a VPN. After seizing the funds from Maduro’s government in April, the authorities of the US have granted the opposition of Venezuela access to the funds. The $18 million in question will be distributed to 62,000 healthcare workers in the country starting on Monday. They will be able to claim the $100 per month for three months in a row.

The opposition party chose AirTM to distribute the funds due to the popularity of the peer-to-peer crypto exchange. It’s not clear whether the recipients will receive Bitcoin or the air TM dollars as a part of the giveaway. The fact that the exchange is willing to resist Maduro’s regime is also important. Maduro’s government tried to block access to the exchange this week and AirTM published instructions on how to bypass this by using VPN software.

venezuela will start, petro, crypto, taxess

Maduro bans BTC exchanges from providing the funds to the healthcare workers but they used the VPN software to bypass his restrictions. Coinbase and Binance carried out fundraising efforts for a lot of causes and this platform was involved in past crypto airdrops such as Airdrop Venezuela. However, the efforts have been compliant with the rules and demands that were put in place by regulators and governments. AirTM’s current actions are subversive and by carrying out this transfer, they aligned itself with the president Guaido and pitted against Maduro. Though the US supports Guaido, AirTM’s involvement is a risk that many companies might not take.

Crypto companies don’t have the freedom to distribute funds and AirTM is at the mercy of the regulations and laws. It, therefore, has the power to deny payments to users especially if authorities put pressure on it.

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Man Suffers “Agonizing” Penile Blood Clot Caused By COVID

Man Suffers "Agonizing" Penile Blood Clot Caused By COVID

As it turns out, one man’s bodily reaction to COVID has proven that the virus truly isn’t confined to the throat and upper respiratory tract.

According to a foreign medical journal,.

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Man Suffers "Agonizing" Penile Blood Clot Caused By COVID

As it turns out, one man's bodily reaction to COVID has proven that the virus truly isn't confined to the throat and upper respiratory tract.

According to a foreign medical journal, an Iranian man has drawn the interest of doctors after reporting "agonizing" pain in his penis that turned out to have been caused by blood clots that seriously threatened the man's sexual health.

The man, who wasn't named in the news reports about the incident, had suffered penile pain for three days before being seen by a urologist in Iran, who referred him for tests. Keep in mind: one of the side effects of mRNA COVID jabs is they cause blood clots in the heart.

The patient's discomfort began following an erection while having sex, according to the 41-year-old married man, who had not experienced any trauma to his pelvic area that might explain his behavior.

Scientists have learned over the course of the pandemic that COVID doesn't just cause respiratory symptoms: One of its other features is to increase the tendency of blood to clot. In fact, this is often the cause of death.

"Roughly, 20% to 50% of hospitalized patients with COVID infection have abnormal coagulation tests," Morteza Bagheri wrote.

"Searching the literature showed no previously published similar case of deep dorsal penile vein thrombosis following COVID infection and our patient is the first reported case," Bagheri continued.

Penile complications have occurred in the US, too. A 69-year-old man in Ohio suffered a three-hour erection - a condition called priapism - due to blood clotting problems in his penis.

Writing in the American Journal of American Medicine, a team of medics said that they believed COVID had caused clots to form in his penis, trapping blood in the erection chambers. Doctors had to drain blood from the penis using a needle because ice packs didn't work to bring the stiffness down.

Over in France, another man in his 60s had to go through the same procedure after COVID left him with an erection that lasted for four hours.

However, the damage caused to the man's blood vessels during this episode could make it more difficult for him to get future erections.

None of this is news, of course: As we reported last year, one study established a link between erectile dysfunction and COVID.

"In our pilot study, we found that men who previously did not complain of erectile dysfunction developed pretty severe erectile dysfunction after the onset of COVID-19 infection," the study's authors wrote.

This doesn't bode well for birth rates, which have fallen substantially in recent years in the West, as Tesla CEO Elon Musk pointed out in a series of tweets earlier this week.

Tyler Durden Tue, 01/18/2022 - 21:10

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Georgian citizens made to swear an oath to stop mining crypto

A holy oath was taken to try to ensure the region’s power grid would work at its most efficient level, as crypto miners are blamed for drawing off too much juice.
Residents of Svaneti, Georgia, have reportedly been made to pledge…

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A holy oath was taken to try to ensure the region’s power grid would work at its most efficient level, as crypto miners are blamed for drawing off too much juice.

Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining.

The economy of the northwest Svaneti region of Georgia depends on tourism spending, which rose every year from 2000 to 2019 according to Macrotrends. As a result of the Covid-19 pandemic, however, tourism plummeted in 2020 and has only recently begun to return to pre-Covid levels of growth.

To make do, hundreds of residents turned to mining crypto which has been blamed for severely disrupting the electrical supply.

A video cited by local media outlet Sputnik Georgia show miners crowding a church on Dec. 30 2021 to pledge a holy oath to St. George that they would not mine cryptocurrency. Such pledges are traditionally seen as unbreakable bonds.

Crypto mining has become a controversial topic, with residents staging protests in the Svaneti town of Mestia and the electric company that provides them with power, Energo Pro, threatening to increase electricity tariffs.

Svaneti is a mountainous region of Georgia which currently enjoys free electricity in some parts, which makes mining more attractive.

This situation is becoming increasingly common around the world. Bitcoin miners have flocked to countries with cheap energy to the chagrin of local residents. In the cases of Kosovo and Kazakhstan, governments have banned crypto mining in order to preserve the gr.

The municipality of Mestia issued a statement at the end of 2021 explaining the extent to which crypto mining has disrupted the local energy supply. It said, “In comparison with earlier years, consumption has grown by 237% this year.”

Energy company Energo Pro called the vast increase in consumption “unsustainable.” On Jan. 5, the company stated to local media that the region was consuming 27 megawatts, nearly four times the amount of power the infrastructure was designed to handle.

Related: Bitcoin miners’ resilience to geopolitics — A healthy sign for the network

Kosovo in southern Europe recently banned crypto mining due to a dangerous winter supply drain. The Kosovar government seized 300 mining rigs on Jan. 10, forcing mining operations to sell their rigs or move to nearby countries.

Kazakhstan was the second most active country for Bitcoin mining but effectively pulled the plug on miners amid political protests in the first week of this year. An internet blackout in the central Asian country led to a 13.4% decrease in hash power across the Bitcoin network.

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Low taxes and island life attracts Bitcoin millionaires to Puerto Rico

Crypto millionaires are increasingly migrating to Puerto Rico to enjoy island life as well as tax breaks. A report unveiled this news on January 16, citing the example of crypto entrepreneur and investor David Johnston, who moved his parents, wife, three.

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Crypto millionaires are increasingly migrating to Puerto Rico to enjoy island life as well as tax breaks. A report unveiled this news on January 16, citing the example of crypto entrepreneur and investor David Johnston, who moved his parents, wife, three daughters, and company with him to the Caribbean Island in March 2021. Per Johnston, the decision to move from Austin, Texas was a no-brainer.

Reportedly, the unincorporated US territory boasts crypto-friendly policies, including massive tax breaks for anyone that spends at least 183 days on the island each year. Residents also get to hold on to their US passports, as well as avoid paying taxes on capital gains. Coupled with the scenic beaches and tropical weather all year round, these perks made Puerto Rico all the more attractive for Johnston.

He disclosed that his greatest motivation was the fear of missing out, adding,

That’s where all my friends are. I don’t have one friend left in New York, and maybe the pandemic accelerated this, but every single one of them has moved to Puerto Rico.

Johnston further noted that many of his California friends have also moved to the island. As a result, he went to check the place out in early 2021 and fell in love with it. While Puerto Rico is relatively small, it is home to over three million people, and Johnston believes that is enough to build a tech center.

A rapidly growing tech hub

Johnston added that Puerto Rico reminds him of Austin in 2012 before firms like Tesla and Apple helped transform the city into one of the largest tech hubs in the US. Specifically, he claims that Austin, just like Puerto Rico, had a lot of energy and driven people moving into the city, and this accelerated over time.

Apart from Johnston, the island is home to other crypto and blockchain enthusiasts, including Facebook whistleblower Frances Haugen, who claims to have bought crypto at the right time. She moved from San Francisco in the past year. According to Haugen, her move was partially influenced by wanting to stay close to her crypto friends.

Billionaire Brock Pierce, YouTube star and NFT collector Logan Paul, as well as crypto firms like Pantera Capital, NFT.com, and Redwood City Ventures, have also set up shop in the American territory.

While different people have varied motivations for moving to the island, the biggest attraction is Act 60, which offers qualifying residents substantial tax savings. With US residents paying anywhere between 20-37% on capital gains, the tax break that comes with Act 60 makes Puerto Rico the ideal home for entrepreneurs and crypto traders.

The post Low taxes and island life attracts Bitcoin millionaires to Puerto Rico appeared first on Invezz.

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