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Belo Horizonte crowned Brazil’s ‘Bitcoin capital’ as DL Holdings grows in Paraguay



Noris Soto

These are the most significant crypto developments in Latin America this week, from Brazil’s bold move to establish Belo Horizonte as a national Bitcoin hub to DL Holdings’ multimillion-dollar mining expansion in Paraguay and Oman, indicating the region’s growing influence in the global digital economy.

Belo Horizonte becomes Brazil’s official ‘Capital of Bitcoin’

Belo Horizonte’s mayor has formally signed Municipal Act No. 11,905, proclaiming the city as Brazil’s “Capital of Bitcoin.”

The project, led by Councillor Vile Santos (PL) and approved by Mayor Álvaro Damião (União Brasil), seeks to establish Belo Horizonte as a national hub for cryptocurrency innovation, financial education, and blockchain entrepreneurship.

The bill, which was approved in record time by the City Council and has broad political support, is a strategic move to attract investment, enhance the local economy, and stimulate digital asset creation.

Annual events to commemorate the city’s new title will be added to the official calendar, promoting tourism and new economic prospects in the burgeoning cryptocurrency ecosystem.

Beyond symbolic recognition, the law outlines practical steps for creating a viable crypto economy.

It mandates the development of research programs, instructional workshops, and training efforts for entrepreneurs, students, and the general public in order to increase financial literacy and knowledge of blockchain technologies.

Local technology enterprises and startups are likely to gain from a more conducive climate for innovation and investment.

Experts emphasise that education will be critical in ensuring that the benefits reach all social sectors, setting the basis for long-term inclusion and skilled employment growth.

With this forward-thinking strategy, Belo Horizonte presents itself not just as a Brazilian leader but also as a global model for how digital finance and public policy may work together to form the future economy.

DL Holdings expands Bitcoin mining power with $40 million investment

DL Holdings has signed two legally binding letters of intent with BITMAIN to purchase 2,995 Antminer S21 water-cooled mining equipment financed by Antalpha.

Combined with an earlier acquisition of 2,200 mining units, the company’s total investment now surpasses 320 million HKD (about USD 40 million), resulting in an overall computing capacity of approximately 2,100,000 TH/s.

The new technology will be installed at locations in Oman and Paraguay, with BITMAIN providing complete operational and maintenance support.

According to Andy Chen, Chairman of DL Holdings, this large-scale investment demonstrates trust in Hong Kong’s virtual asset rules and the long-term potential of decentralised finance.

DL Holdings’ most recent action represents a significant shift in strategy—from traditional asset allocation to direct investment in Bitcoin mining infrastructure.

Rather than buying Bitcoin on the secondary market, the company is developing its own hashrate capability to generate cash from industrial-scale mining operations.

This method seeks to empower investors by providing direct access to the fundamental layer of digital finance, while also encouraging diversity and transparency in the mining industry.

As Chen stated, DL Holdings is transitioning “from buying gold to operating a gold mine,” creating a corporate environment centred on Bitcoin production, technological innovation, and long-term cash flow generation.

Bitget featured in the Animoca Brands report as a model for the next phase of exchanges

Bitget, the world’s largest Universal Exchange (UEX), has been highlighted in Animoca Brands’ most recent research, “Exchanges’ Next Phase: Reaching the Mainstream.”

The research investigates how exchanges are growing as the primary gateways to the on-chain economy, using Bitget’s UEX concept as a notable example of this metamorphosis.

It observes that centralised exchanges, which were previously focused primarily on cryptocurrency trading, are now diversifying into sectors such as tokenised assets, payments, and real-world financial integration.

According to a press release sent to Invezz, Bitget’s positioning is highlighted as an excellent example of how exchanges may bridge the gap between traditional finance and the decentralised economy, altering the user experience for both retail and institutional investors.

Bitget’s UEX strategy is already evident in its varied product portfolio, which includes AI-powered trading via GetAgent, Onchain integration for early-stage token access, and stock futures trading, illustrating the growing desire for hybrid exchange models.

CEO Gracy Chen noted that exchanges must now serve as bridges between centralised and decentralised ecosystems, providing customers with seamless access to all layers of digital banking.

Ming Ruan, Head of Research at Animoca Brands, shared this view, characterising exchanges like Bitget as emerging into “cultural and financial gateways” that connect gaming, payments, identities, and tokenised assets.

As Bitget expands globally, supporting over 120 million users in 150+ countries, its UEX framework establishes a new standard for how exchanges should function as universal, interconnected platforms that enable the future of on-chain participation.

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