Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
“On that point we believe that [the cap] has to respond to a cost structure so that it is viable for the installation of electric power supply,” Sosa said, adding that he wants mining companies to pay their tariffs in advance in U.S. dollars, with an annual readjustment in that currency. In the Alto Paraná area, according to Sosa, illegal connections by mining companies led to losses of $410,000 in July alone, bringing losses to $2.2 million for the first seven months of the year. In some cas...
Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation
“On that point we believe that [the cap] has to respond to a cost structure so that it is viable for the installation of electric power supply,” Sosa said, adding that he wants mining companies to pay their tariffs in advance in U.S. dollars, with an annual readjustment in that currency. In the Alto Paraná area, according to Sosa, illegal connections by mining companies led to losses of $410,000 in July alone, bringing losses to $2.2 million for the first seven months of the year. In some cas...
Want Stocks With NFT Exposure? This ETF Has You Covered
New York-based Defiance ETFs is launching an exchange-traded fund (ETF) focused on non-fungible tokens (NFTs), according to a press release sent to CoinDesk.The fund will track the performance of an index, dubbed the BITA NFT and Blockchain Select Index, composed of NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase and Playboy.The index will be rebalanced on a quarterly basis, Defiance said.Crypto-pegged ETFs have grown significantly in the past year; ...
Want Stocks With NFT Exposure? This ETF Has You Covered
New York-based Defiance ETFs is launching an exchange-traded fund (ETF) focused on non-fungible tokens (NFTs), according to a press release sent to CoinDesk.The fund will track the performance of an index, dubbed the BITA NFT and Blockchain Select Index, composed of NFT, blockchain and crypto stocks, including NFT marketplaces and issuers such as Coinbase and Playboy.The index will be rebalanced on a quarterly basis, Defiance said.Crypto-pegged ETFs have grown significantly in the past year; ...
FiCAS Subsidiary Bitcoin Capital Lists Actively Managed Bitcoin, Ethereum ETPs in Switzerland
Bitcoin Capital, a subsidiary of Zug, Switzerland-based investment manager FiCAS, has listed actively managed exchange-traded products (ETPs) offering exposure to bitcoin and ether on the SIX Swiss Exchange.Through active management, the products are designed to counter the price volatility inherent in crypto assets, Bitcoin Capital said Thursday.The 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP are available to institutional, private and professional investors in Switzerland, Li...
FiCAS Subsidiary Bitcoin Capital Lists Actively Managed Bitcoin, Ethereum ETPs in Switzerland
Bitcoin Capital, a subsidiary of Zug, Switzerland-based investment manager FiCAS, has listed actively managed exchange-traded products (ETPs) offering exposure to bitcoin and ether on the SIX Swiss Exchange.Through active management, the products are designed to counter the price volatility inherent in crypto assets, Bitcoin Capital said Thursday.The 1 FiCAS Active Bitcoin ETP and 1 FiCAS Active Ethereum ETP are available to institutional, private and professional investors in Switzerland, Li...
Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased
Bitcoin mining company Bitfarms said it mined 339 bitcoins in November, down from 343 in October, as network difficult increased.The Nasdaq and Toronto Stock Exchange-listed company reported Wednesday having mined 3,089 BTC in the first 11 months of the year.Bitfarms said it was able to maintain production levels due to the delivery and installation of mining equipment, driving a 16% increase in the hashrate to 2.1 exahash per second (EH/s), attaining the target it set for the month after rea...
Bitfarms Mined 339 Bitcoin in November as Network Difficulty Increased
Bitcoin mining company Bitfarms said it mined 339 bitcoins in November, down from 343 in October, as network difficult increased.The Nasdaq and Toronto Stock Exchange-listed company reported Wednesday having mined 3,089 BTC in the first 11 months of the year.Bitfarms said it was able to maintain production levels due to the delivery and installation of mining equipment, driving a 16% increase in the hashrate to 2.1 exahash per second (EH/s), attaining the target it set for the month after rea...
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.“El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear.Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitco...
El Salvador Buys 100 More Bitcoins as Crypto Market Falls
The government of El Salvador bought 100 more bitcoin, President Bukele tweeted on Friday, while the price of the largest crypto currency by market-cap fell near $54,000.“El Salvador just bought the dip. 100 extra coins acquired with a discount,” Bukele said.Bitcoin price fell about 8% on Friday around $54,237, as broader markets tumble on new COVID-19 variant fear.Bitcoin officially became legal tender in El Salvador in September, three months after the country’s legislature passed the Bitco...
