The proposal to increase electricity tariffs for Bitcoin miners in Paraguay could have a detrimental impact on the economy and job market, potentially leading to significant financial losses and instability. It raises concerns about the country's reputation as a reliable destination for international investors and risks the livelihoods of over 1,170 direct employees in the Bitcoin mining sector.
Impact of Increased Electricity Tariffs on Bitcoin Mining in Paraguay (Summary)
by Giorgi Kostiuk
a year ago
0
Other news
New XRPL Lending Model Raises Big Questions for XRP Holders
A new lending structure on the XRP Ledger has been proposed, involving depositors, loan brokers, and collateralized borrowing.
HashKey Capital Secures $250 Million for Fourth Crypto Fund
HashKey Capital has successfully closed $250 million in commitments for its fourth crypto-focused fund, exceeding initial expectations.
Surge in Cryptocurrency Crime Cases Across India: Maharashtra and Karnataka Lead
Surge in cryptocurrency crime cases across major Indian states, with Maharashtra and Karnataka leading.
Stellar's Composability Enhancements Expected to Boost DeFi Activity
The crypto community reacts positively to Stellar's composability enhancements, anticipating increased DeFi activity and benefits for XLM and USDC.
Stellar Partners with Circle for USDC Interoperability
Stellar is enhancing its network's functionality by integrating Soroban smart contracts and collaborating with Circle for USDC interoperability.
China Properties to Purchase BNB as Strategic Reserve Asset
China Properties Investment Holdings Limited plans to allocate funds for purchasing BNB and other digital assets as strategic reserves through the Hong Kong Stock Exchange.
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