Paraguay is set to hold a meeting in September to explore the creation of a national Bitcoin reserve.
Read MoreParaguay is set to hold a meeting in September to explore the creation of a national Bitcoin reserve.
Read MoreCanadian cryptocurrency mining company HIVE Digital has set its sights on South America, unveiling plans to construct a massive 100-megawatt Bitcoin mining facility in Paraguay.
Read MoreIn a significant move to combat the rising issue of unauthorized cryptocurrency mining, Paraguayan authorities have announced a major milestone in their crackdown on illegal Bitcoin mining operations.
Read MoreParaguay, a nation once seen as a haven for cryptocurrency miners due to its abundant hydropower and low electricity costs, is tightening its grip on the industry.
Read MoreParaguay's burgeoning Bitcoin mining industry faces a crisis as the National Electricity Administration (ANDE) enacts a 14% electricity price hike specifically targeting crypto mining operations.
Read MoreParaguay's booming Bitcoin mining industry is facing a potential roadblock: new energy tariffs proposed by the National Electricity Administration (ANDE). Miners argue these increased costs could cripple their operations and stifle further growth in the sector.
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