Paraguay Congress Impeaches President Over Bank Collapse
The fall of Ueno Bank, one of the four systemic banks in Paraguay with nearly 3 million customers, has sparked a crisis involving an impeachment against President Santiago Peña and…
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Bitcoin Mining Consumes 30% of Paraguay Energy, Analysts Reveal
During the “Accelerating Bitcoin” conference, experts debated how current bitcoin mining operations would affect the Paraguayan grid, warning of a possible generation crisis by 2029 if bitcoin mining energy consumption…
Police Probe Substance Abuse in Harry Yeh’s Death Plunge
While the Paraguayan police are still investigating the facts surrounding the death of the $2 billion crypto investor, the results of the autopsy and some statements from Jade Park building…
Paraguay Convicts Two Bitcoin Miners to Jail Sentences for Large-Scale Energy Theft
The National Power Administration of Paraguay (ANDE) stressed that this 2-year conviction against two individuals would set a precedent against energy theft, punishing not only those who perpetrate it but…
Paraguay Strenghtens Mandatory Reporting Requirements for VASPs and Individuals
Individuals transacting cryptocurrency on offshore platforms or independently must now report their movements when the amount of crypto transacted surpasses $5,000 per year. Users must now deliver sensitive data, including…
Paraguay to Leverage Seized ASICs to Mine Bitcoin
ANDE, the state power company, has partnered with Morphware, an artificial intelligence (AI) and mining tech company, to start a pilot program and use part of its seized miners to…
EU and Mercosur Sign Historic Free Trade Agreement
The EU and South America’s Mercosur formally sign a long‑awaited trade pact in Asuncion to cut more than 90% of tariffs. Top officials from the European Union and the Mercosur…
Hive Digital Completes Site Development in Paraguay, Achieves Hashrate Milestone
Digital Hive has completed the second phase of development for its mining site in Yguazú, Paraguay, reporting an increase in its hashrate to 18 EH/s. Luke Rossy, Hive’s COO, emphasized…
Paraguay to Launch $6 Million Equity Tokenization Project on Polkadot
The project will issue 130,000 equity tokens backed by $6 million for the Asunción Innovation Valley, a real‑estate development in Paraguay. The issuance is being managed by Better Use Blockchain,…
No One Fell for It: Paraguay’s Bitcoin Legal Tender Announcement Was a Zero-Sum Hack
A recent social media post by President Santiago Peña announcing the enactment of bitcoin as Paraguay’s legal tender, shook the crypto community. Nonetheless, this turned out to be a scheme…
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