Tag: Surbitcoin

Venezuela’s Biggest Bitcoin Exchange Halts Operations

A series of raids and detentions ignited fear and anxiety in the Venezuelan bitcoin community. Yesterday, Surbitcoin – the country’s largest exchange – was forced to halt operations after Banesco, the exchange’s main bank partner, decided to close the company’s accounts. Turmoil brewed inside the local bitcoin community. Several police agencies in Venezuela made a series of raids across the country, the result: 10 citizens detained, and thousands of bitcoin mining …
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Venezuela Experiences A Surge In Bitcoin Volume

During last month, Venezuela experienced a high volume of Bitcoin transactions, following the relaunch of the country’s oldest and first Bitcoin exchange, Surbitcoin. Venezuelans now have two more local bitcoin exchanges to choose from: Yabit, and Cryptobuyer. Bitcoin transactional volume keeps growing in the Latin American country, according to several data sources (including coin.dance and our own research) the amount of bitcoin transacted in the several markets available to Venezuelans have experienced …
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Venezuela’s Biggest Bitcoin Exchange Resumes Operations

Surbitcoin, the biggest Bitcoin exchange in Venezuela has resumed normal operations. On July 14th the exchange managed to unfreeze one of its fiat bank accounts and reestablish its API integration with Banesco (the biggest financial entity in Venezuela).  The Bitcoin exchange announced the successful relaunch of its Fiat gateway. Surbitcoin stated that their bank accounts got frozen after an undisclosed party decided to complain to the bank for a delayed withdrawal. …
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Surbitcoin Confirms All User Funds Are Safe Despite Banesco Issues

In light of the panic that ensued over the Surbitcoin exchange yesterday, the company issued an official statement. Some Bitcoin users were concerned the platform had been hacked, and funds were being liquidated. As it turns out, all user funds are safe, and the issues with Banesco should be resolved shortly. Surbitcoin Can Resume Operations As Normal When people found out Surbitcoin was selling Bitcoin 26% below the global marketplace, …
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