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
0
Other news
Kraken to Introduce CFTC-Regulated Perpetual Futures for US Traders.
Kraken is set to introduce CFTC-regulated perpetual futures for eligible US professional traders through its acquisition of Bitnomial.
Kraken Expands Crypto Trading with Pre-IPO Futures for AI Companies
Kraken has launched new perpetual futures contracts for private AI companies OpenAI and Anthropic, allowing traders to gain synthetic exposure before they go public.
Ethereum Faces Potential Third Consecutive Negative Quarter
Ethereum is on track for a third consecutive negative quarter, raising concerns among traders despite strong staking signals.
Glassnode Tracks Seller Exhaustion Constant for Market Insights
Glassnode tracks the Seller Exhaustion Constant to analyze market trends and provide insights into seller behavior and market dynamics.
Gate Expands USDT Utility with Access to Hong Kong Stocks
Gate has launched a new feature allowing users to access Hong Kong-listed stocks through USDT-powered accounts.
Uniswap's UNI Token Set for Massive Growth, Predicts Standard Chartered
Standard Chartered's Geoff Kendrick predicts significant growth for Uniswap's native token, UNI, forecasting a price target of $100 by 2030 as Wall Street transitions to on-chain investments.
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