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It is popular knowledge that the Venezuelan economy is passing through some very difficult times. As the nation struggles to find stability in it’s economy, can Bitcoin play any role at all?
Venezuelan congressman, Guido Ochoa, and president of the country’s Science Technology and Innovation Commission has decided to buy all of the assets of HashFast, a bankrupt Bitcoin mining equipment manufacturer.
Hashfast filed for Chapter 11 bankruptcy last week and was awarded the protection over the weekend.
One ASIC manufacturer is facing some real legal troubles because customers never received the Bitcoin mining rigs they ordered.
HashFast co-founder Simon Barber may have been way ahead of the game when he sought investments for an ASIC chip to mine Bitcoins back in 2011.
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