Paraguay Police Recover 300 Stolen BTC Rigs
A major operation by the Anti-Kidnapping Department (DAS) of Paraguay resulted in the recovery of 300 Bitcoin mining rigs stolen from a farm in April. In the province of Alto Paraná, a group of hooded individuals attacked a Bitcoin mining farm and overpowered its manager. After which, they fled with 492 mining rigs, leaving behind […]
Paraguayan president vetoes bill regulating cryptocurrencies
As the country’s mining industry continues to grow as a result of cheap energy costs, the law was adopted by the Paraguayan Senate in July. On Monday, Mario Abdo Bentez, the Paraguayan president, vetoed a bill that attempted to classify bitcoin mining as an economic endeavor. He reasoned that the development of a nationally sustainable […]
Sushi restaurant to give 30% discount if buyers pay with Shiba Inu
According to a Thursday statement on its Instagram page, a sushi restaurant in Asunción, Paraguay’s capital, has begun taking the Shiba Inu cryptocurrency. Customers who pay with the red-hot meme coin will receive a 30% discount at Hattori Sushi & Drinks throughout November . Such actions are intended to entice additional customers and accelerate the […]
El Salvador’s Bitcoin adoption: Could Paraguay be next in line to make Bitcoin a “legal tender”?
The acceptance of Bitcoin as legal cash in El Salvador earlier this month sparked national aspirations throughout Central and South America. Paraguayan congressman Carlitos Rejala sparked excitement among Bitcoin enthusiasts when he stated that Bitcoin would be the “official currency” if he were elected President in 2023, according to a recent tweet. Si nos jugamos […]
Due to China’s crypto crackdown, Bitcoin miners relocate to Paraguay
In recent news, eight Bitcoin mining firms in China have made plans to relocate their operations to Paraguay. This will in no doubt increase the number of Bitcoin miners and mining activities in the area. In the aftermath of China’s crackdown on its domestic industry , eight China-related Bitcoin mining companies are intending to shift […]