Tether Empowers Green Bitcoin Mining in Uruguay
Tether, the prominent stablecoin issuer, has made an exciting revelation. They have unveiled their intention to venture into the realm of Bitcoin mining, and the chosen destination for this endeavor is none other than Uruguay, a country nestled in South America.
In their recent announcement on May 30, Tether declared their plans to establish a mining division in Uruguay through a collaboration with a local licensed company. Moreover, Tether will invest in the energy production sector of Uruguay, solidifying its commitment to the nation.
Paolo Ardoino, the Chief Technology Officer of Tether, emphasized the significance of this initiative, stating:
“By leveraging the power of Bitcoin alongside Uruguay’s renewable energy capabilities, Tether is at the forefront of sustainable and responsible Bitcoin mining. Our unwavering dedication to renewable energy ensures that every Bitcoin we mine leaves behind only a negligible ecological footprint, all while upholding the utmost security and integrity of the Bitcoin network.”
Source: Dailycoin
Anti-bitcoin mining bill denied in Texas
Bitcoiners were elated by the recent breaking news that emerged in Texas. The “Don’t Mess With Texas Innovation” campaign achieved triumph as it successfully defeated Senate Bill 1751.
The Texas Blockchain Council, the Satoshi Action Fund, and the Chamber of Digital Commerce led the campaign. It was launched in response to SB 1751, an anti-bitcoin mining bill in the state of Texas.
SB 1751 aimed to impose severe restrictions on Bitcoin mining in Texas. It would have had negative implications for the Bitcoin industry and increased energy prices for Texans. It is worth noting that Texas has a significant presence in the Bitcoin mining sector, making this legislation particularly impactful. However, the campaign’s success ensures that Texas can maintain its strong foothold in the Bitcoin mining industry.
Source: TheNewsCrypto
Bitcoin trades at a 20% discount on Binance Australia
Bitcoin was trading at about 20% discount on Binance’s Australia arm on Tuesday, compared with rival exchanges, according todatafrom CCData.
This comes after Binance Australiahalted Australian dollar banktransfers earlier this month, citing its third-party payment service provider as the issue and said that it’s working to find an alternative. Binance Australia will allow AUD withdrawals until June 1.
“The announcement from Binance prompted traders to sell their BTC/AUD pairs, resulting in the price reaching a historically high discount,” said Hosam Mahmoud, Research Analyst at CCData in a conversation with CoinDesk.
Source:CoinDesk
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