According to ChainCatcher news reported by CoinDesk, Tether will shut down its mining operations in Uruguay and lay off 30 out of 38 employees due to its failure to reach an agreement with Uruguayan authorities on energy prices. Tether originally planned to invest $500 million in Uruguay but decided to withdraw due to high energy prices and regulatory hurdles. Before deciding to gradually stop its operations in Uruguay, Tether had already invested over $100 million in the country and committed to reinvesting $50 million for infrastructure development.
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BornToBeBeautiful131
· 11-29 00:28
Golden Finance reported that gold advocate and economist Peter Schiff stated that silver prices have just surpassed $56, setting a new historical high. Gold prices have reached $4220. Mining stocks have surged, while Bitcoin is falling. Wall Street is still chasing Crypto Assets, and a true bull run is sweeping in.
According to ChainCatcher news reported by CoinDesk, Tether will shut down its mining operations in Uruguay and lay off 30 out of 38 employees due to its failure to reach an agreement with Uruguayan authorities on energy prices. Tether originally planned to invest $500 million in Uruguay but decided to withdraw due to high energy prices and regulatory hurdles. Before deciding to gradually stop its operations in Uruguay, Tether had already invested over $100 million in the country and committed to reinvesting $50 million for infrastructure development.