Giga's new site harnesses otherwise wasted energy from natural gas flaring and has already mined between $200,000 and $250,000 worth of Bitcoin, says the firm's co-founder.
Argentina News
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Bitcoin remains in demand among Argentines as the peso continues to lose value against the U.S. dollar, dropping from $0.0049/peso in March 2023 to $0.0012/peso.
9480Hashlabs Mining co-founder and chief mining strategist Jaran Mellerud said Ethiopia, Nigeria, Kenya, Argentina and Paraguay could pick up more hash rate in the coming years.
28854Argentines are using secret peer-to-peer crypto exchanges to buy U.S. dollar stablecoins as inflation continues to soar.
37517Hong Fang, president of crypto exchange OKX, emphasized that Argentina represents “a crucial launchpad” for the crypto exchange’s regional growth strategy.
5178The asset regularization clause has been removed from the Law of Bases and Starting Points for the Freedom of Argentines.
14255Argentine President Javier Milei delivered a speech at the World Economic Forum advocating free market capitalism as a means to end poverty.
2677President Javier Milei believes that the market will ultimately decide on the value of the projects.
4550The monthly payment under the sealed contract will equal $100 in Bitcoin.
8221The Law of Bases and Starting Points for the Freedom of Argentines mentions crypto among assets a taxpayer could legalize without providing any “additional documentation” on their origin.
3892Diana Mondino announced the news on X on Dec. 21 following a decree by the Argentine government.
10061Javier Milei, also known as “El Loco,” has proposed dissolving Argentina’s central bank and envisions a society in which contracts will replace governments.
6890Bitcoin is proving its value as an inflation hedge and store of value by hitting repeat all-time highs in multiple currencies.
10591The Argentine president, inaugurated on Dec. 10, has promised to disband the country’s central bank but hasn’t made any official commitment to introduce Bitcoin-friendly legislation.
12290Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoins are likely to have an unshakable place in the economy, Sebastián Serrano said.
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