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
Bitcoin Remains Steady Amid Market Consolidation
Bitcoin is holding steady within a descending range, while several altcoins are quietly building strength.
Can XRP Price Reach $100? Experts Weigh In
The feasibility of XRP reaching a price of $100 is being debated among investors and analysts, considering its large supply and market conditions.
Michael Selig Appointed as CFTC Chair to Strengthen US Crypto Regulations
Michael Selig has been appointed as the Chair of the CFTC to enhance US crypto regulations.
SEI Price Movement Amidst Cautious Market Sentiment
The SEI price is experiencing a technical bounce while the overall market sentiment remains cautious.
Wormhole Launches Market Infrastructure Grid on SEI
Wormhole has launched its Market Infrastructure Grid on SEI, connecting stablecoins with tokenization platforms.
PENGU Token Surges 75% After Pudgy Penguins Ad on Las Vegas Sphere
The Pudgy Penguins brand's advertisement on the Las Vegas Sphere led to a significant price increase of the PENGU token amidst a stagnant crypto market.
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