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
Galaxy Digital Completes First Tokenized CLO on Avalanche
Galaxy Digital has successfully closed its first tokenized collateralized loan obligation (CLO) deal worth $75 million on Avalanche, marking a significant step in integrating traditional finance with blockchain technology.
Limited Activity in Shibarium's Automated Burn Mechanism
The automated burning mechanism on Shibarium has not produced significant burns in 2026, with manual burns by whales dominating the activity.
Shiba Inu Community Burns 288 Million Tokens in 24 Hours
The Shiba Inu community has burned 288 million SHIB tokens in the last 24 hours, significantly increasing the burn rate.
WalletConnect Launches Wave 2 of Boosted WCT Rewards
WalletConnect has launched Wave 2 of Boosted WCT Rewards, allocating 19 million WCT to eligible stakers on the Optimism network to enhance staking engagement and support long-term network growth.
UK Faces Recession Threat Due to Trump's Tariffs
Economists warn that tariffs imposed during President Trump's administration could push the UK into a recession, with a potential GDP loss of £22 billion.
Constellation Energy Positioned for Growth Amidst Nuclear Policy Changes
Constellation Energy is strategically positioned to benefit from U.S. nuclear energy initiatives, especially as Germany acknowledges its energy policy mistakes.
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