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Paraguay Extends Bitcoin Mining Support To Boost Economic Growth

CoinGape LogoCoinGape2w ago

Paraguay Extends Bitcoin Mining Support To Boost Economic Growth - CoinGape

Quick Summary:

Paraguay has taken a significant step in leveraging its abundant hydro-energy resources to support Bitcoin mining, aligning this move with its broader economic development strategy.

The country’s decision to sell surplus hydro-energy to Bitcoin miners marks a new chapter in its engagement with the crypto-mining industry.

By tapping into the burgeoning cryptocurrency sector, Paraguay seeks to enhance its economic resilience and promote sustainable growth through innovative use of its natural resources.


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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-10 @ 13:46:22 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 41 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21207047

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 31 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions

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The story "Paraguay Extends Bitcoin Mining Support To Boost Economic Growth" has 462 words across 41 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Paraguay Extends Bitcoin Mining Support To Boost Economic Growth" was covered 2 weeks ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 31 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #21207047
  • URL: https://beamstart.com/news/paraguay-extends-bitcoin-mining-support-1718027654

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