CleanSpark acquires mining facility in Georgia for $33 million By Cointelegraph

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Remittances drive ‘uneven, but swift’ crypto adoption in Latin America

Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report.

The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion, according to an Oct. 20 report from Chainalysis.

Argentina and Brazil also saw significant shares of stablecoins used for sub $1,000 transactions. Source: Chainalysis