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Paraguay Pulls A 180 On Bitcoin

Lark Davis April 13, 2024
GBTC

1 week to go until the Bitcoin halving! 

With the Bitcoin halving just days away, there have been some major adoption movements you need to know about.

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Here is your weekend crypto update…

Here's what's in today's issue:

  • Rebecca shares her thoughts on Bitcoin’s possible pre-halving boost, Inflation rising in the US, Uniswap getting sued by the SEC, Chainlink’s cross-chain bridge app & the UK possibly launching LondonCoin.
  • Altcoin alpha by David.
  • This week's airdrop by Jesse.
  • Sam has an NFT report on which Solana NFTs are a good buy.

Bitcoin Could Get A Pre-Halving Boost

Bitcoin’s price may have just taken a dive, but make no mistake, Bitcoin is winning…

1. Paraguay does a 180 on Bitcoin

Just a week ago, Paraguay was proposing to temporarily ban Bitcoin mining for 180 days. And not only that but ban the storage and trading of crypto assets too.

Now, the bill has been postponed for 30 days. Maybe lawmakers realized that the mining ban would cost their economy $200 million a year and thought…wait a minute, let’s think about this.

Instead, senators in Paraguay are now proposing to sell the country’s surplus energy to Bitcoin mining companies instead of giving it to nearby countries Brazil or Argentina. Yes to this!

2. Bitcoin Ordinals

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