Key Takeaways:
On April 24, Brazil banned non-financial prediction markets, restricting future derivative trades. Hashrate Index sees Latam becoming a Bitcoin mining hub, fueled by Brazil’s 133% YoY hashrate growth. Itau Ventures invested $10M in Minter to tackle future green energy waste via mobile Bitcoin mining. Brazil Issues Ban on Non-Financial Prediction Market Contracts Hashrate Index: Brazil and Venezuela Show Potential to Grow Latam’s Bitcoin Mining ShareVenezuela, on the other hand, shows an untapped potential, as it registers 5 EH/s even under the current conditions.
Largest Bank in Brazil Moves to Invest in Bitcoin MiningAccording to local media, Itau Ventures, the bank’s investment arm, has made an undisclosed investment in Minter. This company seeks to solve one of the largest problems in green energy installations: curtailment.
Minter takes hardware that is normally confined to a fixed location and combines it with mobile containers, turning these activities into initiatives that can be executed directly where renewables are generated.
