Cryptocurrency-based financial services company BlockFi, which has filed for bankruptcy before US authorities, has been cleared by the bankruptcy court to sell its crypto mining equipment and other physical assets in order to raise around $5 million dollars.

The assets will be sold at an auction in which there was a lot of interest for the physical equipment. Part of the assets will be acquired by an entity called US Farms.

It should be noted that the firm received authorization at the end of January to organize the auction. At the time, BlockFi’s lawyer claimed that they were interested in doing so as soon as possible, to take advantage of the current interest among mining companies and services to get hold of their high-end equipment.

Although the estimated price of the devices in his possession was around $160 million, the associated value has dropped dramatically over the last year due to many of these being ASIC machines. It is important to mention that the US managed a rather incisive policy on cryptomining activities, promoting the use of renewable energies and trying to mitigate the carbon footprint they generate.

BlockFi continues with its bankruptcy process to gather sufficient assets and honor commitments made to creditors and users who were affected by the insolvency it went through in 2022. In January of this year, the court granted permission to BlockFi to use part of its capital and make more competitive salary proposals to its workers.

K. Tovar

Source: Diariobitcoin

(Reference image source: file)

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As of 2023, Venezuelan citizens, as well as the rest of Latin Americans, must obtain a permit from the European Travel Information and Authorization System (ETIAS) to access the European Union (EU) or the area of Europe Schengen.

The Schengen area is a region of ​​Europe made up of 26 countries that have agreed to abolish controls on their internal borders to allow the unrestricted free movement of people, goods, services and capital, following common external border control rules. All members of the European Union are part of the Schengen area.

In order to “improve border security” the member countries of the Schengen area approved that starting next year the ETIAS permit will be mandatory for people from “Latin American” countries that traditionally could access the Schengen area without a visa during short stays related to tourism and business.

The citizens who will need to process the new permit will be those from Argentina, Brazil, Chile, Colombia, Costa Rica, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Paraguay, Panama, Peru, Uruguay or Venezuela. While Bolivians and Cubans must carry out the regular procedures to apply for the visa corresponding to the country they decide to visit.

Steps to manage the ETIAS

Citizens interested in managing the European Travel Information and Authorization System must comply with a series of requirements:

• Have a valid passport, debit or credit card to pay for the permit application, internet connection and an email address where you will receive the document once approved.
• Complete the virtual form with personal data and passport data, as well as criminal records that will be verified with international organizations such as Europol. The time to complete the form will range between 10 and 20 minutes.
• Once the application is approved, citizens will receive the ETIAS travel permit for a period of three continuous years or until the expiration date of the passport.
• The travel permit allows you to visit any country in the Schengen zone for 3 months.
• If the permission is rejected, the user will have the possibility to appeal the decision.
• The cost of the ETIAS permit is approximately 8 dollars for all persons of legal age, while for minors it is free.

M. Rodríguez

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Source: bancaynegocios.com

La entrada Venezuelans will require an ETIAS permit to enter the EU apareció primero en Bitfinance.