Legislators in Paraguay are considering a ban on cryptocurrency mining to address the country's severe energy crisis. The proposed legislation is a response to concerns about the impact of illegal crypto mining on Paraguay's power supply. Paraguay's abundance of hydroelectric resources has attracted crypto miners looking for affordable energy sources.
**Contemplating Legislation to Ban Crypto Mining in Paraguay**

by Giorgi Kostiuk
2 years ago

Other news
Federal Reserve's Rate Policy Affected by AI Concentration

The concentration of growth in a few tech companies has influenced the Federal Reserve's decision-making regarding interest rates.

Future of Crypto Market Depends on Economic Indicators

The potential for a retail-driven crypto boom in 2026 hinges on macroeconomic conditions and the performance of AI companies.

PENDLE Forms Symmetrical Triangle as Traders Anticipate Breakout

PENDLE is forming a symmetrical triangle pattern on the 3-hour chart, indicating potential for a breakout as traders anticipate significant price movement.

PENDLE Experiences Short-Term Price Decline Amid Active Selling

PENDLE's price has dropped to 212, reflecting active sell-side participation and a failed attempt to reclaim resistance.

Institutional Selling Intensifies as Bitcoin Faces Major Outflows

Large outflows from major asset managers indicate aggressive bearish positioning in the Bitcoin market.

Bhutan and El Salvador Lead in Bitcoin Treasury Allocations

Countries like Bhutan and El Salvador are significantly increasing their Bitcoin treasury allocations, marking a shift towards Bitcoin as a strategic reserve asset.

Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter