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Paraguay Raises Bitcoin Mining Power Fees by 14%, Companies Mull Stopping Operations

2.7.2024
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 planned to invest over $400 million in the country due to...

Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 2024

2.7.2024
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 Coinmetrics report. Bitcoin Mining Faces Pressures...

Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning

2.7.2024
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the opportunity for cryptocurrency in Bolivia after the central bank unbanned it from its financial system and how the citizens might...

Crypto Whales & Institutions Shift Focus on Chainlink’s LINK

2.7.2024
Crypto whales are known to hold markets in bear seasons and propel them in bull seasons. Heavyweight investors have shifted their focus to Chainlink. According to a market analysis by Lookonchain, whales are buying a lot of $LINK. LINK gets whales and institutional attention According to...

Market Jitters: Germany Offloads 3,820 BTC in a Week, Impacting Crypto Sentiment

2.7.2024
Over the past seven days, data reveals that the German government has transferred 3,820 BTC to cryptocurrency exchanges, with around 2,165.49 BTC moved in the last eight hours. German Government’s Bitcoin Transfers Cause Stir A week ago, Bitcoin.com News reported that the German...

How ETFs are reshaping the crypto markets

2.7.2024
In Cointelegraph’s latest video, experts discuss the impact of the spot Bitcoin ETF approvals on the crypto markets and the potential for a spot Ethereum ETF

Binance Executive's Health Deteriorates in Jail as Nigeria Money-Laundering Trial Proceeds

2.7.2024
On Tuesday the cross-examination of the first witness from Nigeria's Securities and Exchange Commission was completed

Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services

2.7.2024
Paxos has secured full approval from the Monetary Authority of Singapore (MAS) to offer digital payment token services, positioning Singapore as a key player in Paxos’s global stablecoin operations. The approval permits the issuance of stablecoins compliant with MAS’s forthcoming regulatory...

Crypto Exchange Kraken Is Considering Going Nuclear

2.7.2024
Massive demand for energy from high performance computing and artificial intelligence firms is changing the landscape in terms of power stability, the company’s CTO said in an exclusive interview with CoinDesk

Tether signs MoU to promote crypto freedom in Turkey

2.7.2024
Stablecoin giant Tether is eager to learn about the possibilities of introducing new business lines into Turkey's banking in cooperation with the local crypto firm BTguru

Bitcoin $500K prediction, spot Ether ETF ‘staking issue’— Thomas Fahrer, X Hall of Flame

2.7.2024
Thomas Fahrer says multiple “low-probability” events could push Bitcoin into a “strong bull market.”

US Spot Bitcoin ETFs Record $129 Million Inflow, Fidelity Leads

2.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw the largest net inflow since June 7, 2024, accumulating $129.45 million. Fidelity’s FBTC led the inflow on Monday with $65.03 million. Fifth Consecutive Day of Inflows for U.S. Bitcoin ETFs On Monday, U.S. spot bitcoin ETFs recorded $1.36...

German gov’t transfers another $52M Bitcoin, threatening more BTC selling pressure

2.7.2024
The repeated Bitcoin transfers to centralized exchanges suggest that the government is planning to sell its $2.75 billion worth of BTC holdings

Singapore ups crypto exchanges risk factor under new law update

2.7.2024
The update aims to prevent Terrorist groups and organizations from exploiting Singapore’s economic openness as an international financial, business, and transport hub

Russia’s Cryptocurrency Mining Bill Faces Delays

2.7.2024
The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements...