In a May 30 announcement, Tether claimed it intends to establish a mining division in the South American nation "in collaboration with a licensed local company," while also investing in Uruguay's energy production. The stablecoin issuer emphasized that the company will use renewable energy sources…
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miners
Bitcoin miners begin to show significant increases
The bitcoin mining community experienced a 50% increase in revenue in the first month of 2023 through mining rewards and transaction fees.
The drop in bitcoin mining revenue in December 2022, coupled with a rise in energy prices, had put…
Kazakhstan to propose new tax regime for cryptocurrencies
Kazakhstan's Minister of Economy, Alibek Kuantyrov, explained that the government is working on a new tax regime that aims to increase taxes on activities related to cryptocurrency mining. As well as "its intention to link the new rate to…
Texas becomes the crypto capital of the world
After the different prohibitions and problems that have arisen in China around cryptocurrencies, foreign investors have been forced to migrate to other parts of the world, and one destination is Texas.
The US region is now becoming the…
Electrical service to miners in Carabobo was restored
The authorities of the National Electricity Corporation (Corpoelec) of Venezuela reconnected the electricity service of the digital mining farms in Carabobo State, which were disconnected last week for allegedly affecting energy stability…
Paraguay could receive 500,000 Bitcoin miners
Paraguay has a bill to regulate the mining of digital assets that would allow it to absorb, in three years, more than 500,000 cryptocurrency miners if it manages to consolidate a friendly policy with the bitcoin industry, in addition to…
Venezuela to offer guarantees to cryptocurrency miners
The National Superintendency of Crypto Assets and Related Activities (Sunacrip in Spanish) recently held a meeting together with the National Cryptocurrency Association (Asonacrip) for an approach with the institutions that are dedicated to…