Recent decision by the Paraguayan energy authority, ANDE, to significantly raise electricity tariffs has sparked outrage in the cryptocurrency community. The authority explained their decision by citing an increase in electricity consumption by mining companies, which they believe threatens the country’s energy stability. However, these actions by ANDE have provoked a sharp reaction from Senator Salyn Buzarquis, who publicly criticized the authority.
Senator Buzarquis expressed concern that the increase in electricity tariffs could irreparably harm the mining industry, which has already invested significant funds in Paraguay.
«What message are energy officials sending to miners? The message is that miners are not welcome, and they should look for other places to invest!» Buzarquis exclaimed. In his opinion, ANDE’s actions essentially kill the mining business before it has had a chance to develop and bear fruit.
Vice President of the Paraguayan Mining Chamber, Andy Jasmin, stated that due to the sharp increase in electricity tariffs, many companies in the industry are beginning to leave the country.
Jasmin also noted that one unnamed company has already withdrawn investments worth $400 million, as they were expecting stable tariffs at least until 2028. «ANDE’s actions show investors that Paraguay is not a reliable place for bitcoin mining. There are no legal guarantees, contracts are not honored, and the investment environment leaves much to be desired,» added Jasmin.
Against this backdrop, an important precedent has occurred in the United States. The Supreme Court has issued a new verdict in the case between the SEC and the Binance trading platform. According to the decision, tokens can no longer be considered securities. On July 2, it was revealed that the regulator failed to provide sufficient evidence that all BNB coins were acquired for profit. This was a key factor in the court’s decision and may lead to changes in cryptocurrency regulation approaches.
Analysts predict that this decision will open up new horizons for crypto investors. With tokens no longer being regulated by stock market standards, there is a growing interest in various tokens and cryptocurrency projects.
Amidst this optimism, many investors have begun actively investing in new and promising projects, such as:
1. PlayDoge — a gaming platform in the simulator genre that offers a 112% APY. In this app, users take care of pixel pets and earn cryptocurrency. The project’s token, $PLAY, has increased to $0.00515, and investments have reached $5.3 million.
The project is not limited to engaging gameplay like Tamagotchi. Developers have paid significant attention to the staking mechanism, which allows locking new cryptocurrencies after purchase and earning bonuses. Early investors receive a higher annual reward. Currently, the APY is 112%. The game will include both a simulator and a series of mini-games, although the exact launch date of the latter is not yet set. After the full release of the arcade, the team plans to conduct a lucrative airdrop.
2. 99Bitcoins — an educational platform that uses Learn-to-Earn technology, providing the opportunity to earn bitcoins while learning.
3. Pepe Unchained — a new meme coin, whose original blockchain significantly outperforms Ethereum, providing new opportunities for investors and users.
These new projects demonstrate a growing interest in innovative and promising cryptocurrency initiatives, offering investors numerous opportunities to participate in the future of the cryptocurrency market.