Bloomberg: 28-year-old Venezuelan wins a Pdvsa oil block
Manuel Iribarren, a Silicon Valley-based entrepreneur, co-founded Primavera Infinita, a company that signed a contract with Pdvsa to develop the Budare-Elotes block and aims to reach production of 100,000 barrels per day in the short term Primavera Infinita, a company linked to Venezuelan entrepreneur Manuel Iribarren and Coinbase co-founder Fred Ehrsam, aims to reach oil production of 100,000 barrels per day after signing a Production Participation Contract (CPP) with Petróleos de Venezuela (Pdvsa) to develop the Budare-Elotes block.
Bitcoin could approach $1 million in 2030, investor says
Entrepreneur and investor Mark Moss imagines Bitcoin capturing 1.5% of the market for assets used as a store of value. Renowned investor, entrepreneur, and financial educator Mark Moss said that the price of Bitcoin (BTC) could approach US$1 million by 2030 if it gains prominence as a store of value. The projection depends on whether a growing share of the wealth held in other assets shifts to the cryptocurrency. Moss applies a venture-capital-style valuation formula: “Implied BTC price = modeled store-of-value market × assumed Bitcoin share ÷ projected BTC supply.”
Fact: Venezuela is exporting liquefied petroleum gas to the US and the Dominican Republic
Venezuelan authorities are negotiating with Caribbean countries, including Barbados, to export liquefied petroleum gas. Venezuela is exporting liquefied petroleum gas (LPG) to the United States (US) and the Dominican Republic, and is negotiating with Caribbean countries, including Barbados. Venezuela’s acting president, Delcy Rodríguez, recently reported this during an inspection of the Ambrosio Plaza Communal Gas Cylinder Plant, located in Guarenas, Miranda state.
Bloomberg: Chinese company to help restart a key power plant in Venezuela
The repair work being carried out at Planta Centro is part of the country's plan to improve its electrical infrastructure. China Machinery Engineering Corp. is close to partially restarting the Venezuelan power plant Planta Centro in order to repair the country's electrical grid. According to Bloomberg, the Chinese company plans to bring a 600-megawatt fuel-oil-fired generating unit online in November.
📢 Netanyahu requests a blockchain plan amid possible banking sanctions against Israel
Israeli Prime Minister Benjamin Netanyahu said the country could face economic sanctions, including banking sanctions, and that he had already asked for a plan to be prepared that includes blockchain as one of the alternatives. He said this in an interview with journalist Roi Katz on Israel’s Channel 10, an economics channel, which aired…
📢 Bitcoin falls below its 50-day moving average as ETFs add US$301 million: crypto roundup for October 19–24
Bitcoin came close to US$85,000 on Wednesday, October 21, and returned to the US$81,000 range the following day, according to CoinDesk. In the early hours of Saturday, October 24, it was trading at US$80,806, according to CoinGecko data cited by CryptoTicker, which estimates that the price fell below its 50-day moving average for the first time…
This week could be very DANGEROUS for the markets…
MONDAY: U.S. markets reopen after Trump’s warning of another attack on Iran. Brent crude is already near $117.
TUESDAY: U.S. employment, housing, and consumer confidence data.
WEDNESDAY: FOMC decision and Kevin Warsh’s press conference. Rates are expected to remain unchanged, but the Fed could hint at future increases.
THURSDAY: U.S. PCE inflation and GDP data. Inflation is estimated at 3.6%, above 3.4%, and with oil prices rising, there could be another upside shock.
FRIDAY: Japan unemployment data and U.S. wage inflation data.
⚖️ After being cleared in the Libra case, President Javier Milei demanded compensation for what he considers months of political and media persecution. The Argentine leader accused journalists and media outlets of spreading lies to harm him.
📉 Bitcoin fell below USD 80,000 this Saturday, hitting USD 79,146. In four hours, USD 429.9 million was liquidated, 94% of it in bullish bets, with spot selling and ETFs closed.
Colombian investor sees signs in Venezuela: "Venezuelans are more interested in doing
Colombian investor sees signs in Venezuela: "Venezuelans are more interested in doing business" Andrés Bilbao, entrepreneur, investor, and member of Rappi's founding team, noted that business owners and entrepreneurs are willing to explore new opportunities in the Venezuelan market. Entrepreneur, investor, and member of Rappi's founding team Andrés Bilbao noted that Venezuelans «are currently more interested in doing business than in politics».
Eni could decide on new oil investment in Venezuela before the end of the year
Italian energy company Eni signed an agreement last month with Petróleos de Venezuela S.A. (PDVSA) to develop the Junín 5 heavy oil field, located in the Orinoco Oil Belt. Executives at Italian oil company Eni said the company is advancing its heavy oil project in Venezuela and could make a final investment decision before the end of this year. Director of Transition and Finance Francesco Gattei said on a conference call with analysts, following the release of the company’s third-quarter results, that “things are moving very quickly.”
📢 Fake AI-generated Messi video: retiree loses $24.5 million in crypto, and judge halts his installments
A 70-year-old retiree from Las Heras, in Mendoza, Argentina, lost $24,500,000 (Argentine pesos) after investing in “Stake Manerix 0.6,” a fake cryptocurrency platform promoted through a fake La Nación article and a video of Lionel Messi manipulated with artificial intelligence, Diario UNO reported on October 23…
📢 Arbistar diverted 881 bitcoins on the day it collapsed, according to the Civil Guard
Arbistar, the cryptocurrency platform based in southern Tenerife, diverted 881 bitcoins to other wallets on the very day it collapsed, in September 2020, according to a National High Court order citing a Civil Guard report. The EFE news agency reported this on October 23, 2026,…
📢 Bitcoin falls below US$80,000 and drops below the average cost basis of ETF buyers
Bitcoin fell below US$80,000 this Saturday, October 24, 2026. On Binance, it hit a low of US$79,833 at around 9:25 a.m. Bogotá time, its lowest level since October 15. At that price, bitcoin is below the average cost basis of U.S. ETF buyers,…
📢 Interpol arrests 1,462 suspects in Serengeti III: illegal crypto mining and investment fraud in Africa
Interpol announced on October 22, 2026, that Operation Serengeti III ended with 1,462 suspects arrested, more than US$105 million in illicit funds recovered, and 10,909 malicious networks dismantled across 21 countries, according to its official statement. The cases include illegal cryptocurrency mining centers in Angola and an investment fraud…
📢 $LIBRA case: Argentine judge dismisses charges against Javier and Karina Milei and nine other suspects
Argentine federal judge Marcelo Martínez de Giorgi dismissed the case on Friday, October 23, 2026, against President Javier Milei, his sister Karina Milei, and nine other suspects in the criminal case involving the $LIBRA memecoin, finding that the reported conduct “does not fit any legal definition,” according to Infobae and La…
📢 Heatbit launches Bitwater, an US$899 heating element for water heaters that mines bitcoin
US company Heatbit opened preorders on October 22, 2026, for Bitwater, a heating element for electric hot water tanks that mines bitcoin using ASIC chips and uses the heat to warm the water. The starting price is US$899, and deliveries will begin in the first quarter of 2027, according to…
📢 The Bible verse forever inscribed in Bitcoin block 666,666: we verified it on the blockchain
Bitcoin block 666,666, mined on January 18, 2021, contains a Bible verse that no one can erase: “Do not be overcome by evil, but overcome evil with good – Romans 12:21”. The story resurfaced on October 23, 2026, in a post by Simple Mining on X…
BREAKING! ⚖️ Argentina’s justice system closed a case against President Javier Milei and Karina Milei over the $LIBRA case. The judge found that the evidence was insufficient to prove fraud.
🔹 Banco de Costa Rica will charge a fee to customers with less than USD 50 in their account. This contrasts with how Bitcoin works: you can hold 1 sat in a wallet without being penalized.
🔹 El Salvador launches its first investment fund, which seeks an annualized return of 8% to 12% measured in bitcoin, not fiat currency.
🔹 In Argentina, a suspect accused of alleged bitcoin scams involving USD 160,000 was ordered held in pretrial detention.
Meta earns $52.481 billion in nine months, up 39% year over year
In a statement, the tech company said it expects to continue investing “heavily” in its core business and in “emerging AI initiatives.” Tech giant Meta reported a cumulative profit of $52.481 billion in the first nine months of the fiscal year on Wednesday, up 39% year over year, driven once again by advertising on its social networks and artificial intelligence (AI). The company that owns WhatsApp, Instagram and Facebook generated revenue of US$181.712 billion between January and September, up 29% from the same period a year earlier, according to the statement on its results published after the close of trading on Wall Street.
Adriana Cisneros: in a year, «conditions will be ripe» to begin investing US$1 billion fund
million During her remarks at the Startup Venezuela Summit 2026, Cisneros specified that the goal of the capital investment «is not to repair obsolete infrastructure, but to leap directly to modern solutions to solve everyday problems». Adriana Cisneros, CEO of the Cisneros Group, estimates that in a year «conditions will be ripe» to begin investing her «Intrépida» fund of US$1 billion in Venezuelan projects in sectors developing at the intersection of infrastructure and technology.