Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Paraguay raises bitcoin mining power fees, Bolivia talks about the utility of stablecoins as dollar…
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the…
Salyn Buzarquis, a Paraguayan senator, blasted the National Power Administration of Paraguay (ANDE), stating that high-ranking officials charged illegal bitcoin mining farms for operating underground. Buzarquis stated these unnamed…
Crypto mining stocks took a hit in pre-market trading as Bitcoin (CRYPTO: BTC) plummeted 22.45% over the past month and is down 9.15% in just five days.
Shares of Bitcoin mining companies, including Marathon Digital and Riot Platforms, are falling Friday as the price of Bitcoin dips below $56,000. Here's what's going on:; read more
Jameson Lopp, a software engineer and Bitcoin (CRYPTO: BTC) advocate, while highlighting two significant busts involving the theft of Bitcoin mining equipment, questioned the objectives of the robbers behind doing so.
Bitcoin’s hashprice, or the anticipated value of 1 petahash per second (PH/s) of hashing power per day, has plummeted to a historic low. According to Luxor’s hashprice index, at 6 a.m. EDT on July 4, 2024, the price per petahash dropped to…
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower alongside the price of Bitcoin (CRYPTO: BTC). The bitcoin miner on Wednesday released production and mining operation data for June.
The National Power Administration of Paraguay (ANDE) has surprised cryptocurrency mining operators by raising power fees by 14%, affecting the profitability of these activities. The rise have already caused the exit of a company that…
Iris Energy Ltd (NASDAQ:IREN) shares are trading higher Tuesday after the company on Monday provided a business update and announced that its 2024 expansion is fully funded.
Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a…
Iris Energy Limited (NASDAQ:IREN), a prominent data center company, announced on Tuesday that it has secured $413 million to fuel its Bitcoin (CRYPTO: BTC) mining expansion.
Bitcoin, a groundbreaking digital currency, has garnered global attention for its financial opportunities and intricate security implications. Understanding advanced security measures becomes paramount as more individuals turn to Bitcoin…