Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Venezuela seizes 4,000 Bitcoin miners to ease record electricity demand strain

Market News
23 May 2026
Crypto Briefing
View Source
Bearish
pluang ai news

Venezuelan authorities raided and confiscated about 4,000 illegal Bitcoin mining machines in Maracay, aiming to reduce the strain on the country's power grid, which recently hit a nine-year peak in electricity demand. The operation, called 'Cazador,' targeted a large facility consuming up to 10 megawatts of power, involving police, military, and energy officials. This crackdown follows a renewed government ban on unauthorized crypto mining amid Venezuela's ongoing electricity crisis. The future of the seized equipment remains unclear, with possibilities including destruction, auction, or government repurposing.

More News

Enhanced Games debuts in Las Vegas with boosted athletes and a TikTok-friendly sports format

Enhanced Games debuts in Las Vegas with boosted athletes and a TikTok-friendly sports format

Enhanced Games will hold its first competition in Las Vegas featuring 50 enhanced athletes, including Olympic and world champions, competing in a new sports format designed for digital and social media viewing. The event combines track, pool, and wei...

Market News
Bullish
2 hours ago
Phibro Animal Health CEO sold 21,120 shares worth $1.2 million

Phibro Animal Health CEO sold 21,120 shares worth $1.2 million

Phibro Animal Health's CEO recently sold 21,120 shares of the company, generating proceeds of approximately $1.2 million. This insider sale might indicate the CEO's personal financial planning or a strategic move, but it could also raise questions am...

Market News
Neutral
3 hours ago
Toescoin expands community presence to boost Solana meme coin engagement

Toescoin expands community presence to boost Solana meme coin engagement

Toescoin, a meme coin on the Solana blockchain, is expanding its public website and social media presence to grow its community. The project emphasizes meme culture, humor, and online identity rather than traditional utility, aiming to increase parti...

Others
Neutral
3 hours ago
Patient Square buys 210,000 shares of Nektar Pharmaceuticals, signaling strong confidence.

Patient Square buys 210,000 shares of Nektar Pharmaceuticals, signaling strong confidence.

Patient Square has purchased 210,000 shares of Nektar Pharmaceuticals (NKTR), indicating a significant investment move. This purchase reflects Patient Square's confidence in Nektar's future prospects and potential growth. Investors may view this as a...

Market News
Bullish
4 hours ago
XRP Ledger amendment nears activation with rare 100% validator consensus by May 27, 2026.

XRP Ledger amendment nears activation with rare 100% validator consensus by May 27, 2026.

The XRP Ledger is set to activate a key amendment called "fixCleanup3_1_3" by May 27, 2026, after achieving a rare unanimous 100% consensus among validators. This amendment includes bug fixes and improvements for NFTs, Permissioned Domains, Vaults, a...

Protocol Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App