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

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 the lack of clarity in the area. Paraguay Raises … Read more

BlockDAG Dev 61: Transaction Page Boosts Crypto Handling

BlockDAG Network Unveils Game-Changing Transaction Page in Dev Release 61, As Presale Rockets To 1300% BlockDAG is quickly becoming a powerhouse in the cryptocurrency world. Leveraging its distinctive Directed Acyclic Graph (DAG) architecture, BlockDAG effectively addresses the blockchain trilemma, drawing considerable investment interest. The newest update, Dev Release 61, introduces significant improvements, featuring a Transactions … Read more

Coinmetrics Report: Bitcoin Mining Faces Turbulence in Q2 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 and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in … Read more

Aave DAO Launches GHO Stablecoin on Arbitrum Network

Aave DAO has introduced its multi-collateralized stablecoin, GHO, on the Arbitrum network. This move marks the first step in the DAO’s phased strategy for cross-chain expansion. Aave DAO Begins Cross-Chain Expansion With GHO on Arbitrum According to an announcement, Aave DAO has launched GHO on Arbitrum, utilizing the Chainlink Cross-Chain Interoperability Protocol (CCIP). Aave DAO … Read more