This week brought several noteworthy developments in the Latin American crypto sphere. From Belo Horizonte’s ambitious plan to become Brazil’s Bitcoin epicenter, to DL Holdings’ significant mining venture across Paraguay and Oman, the region is solidifying its position in the global digital economy.
Belo Horizonte Officially Declared Brazil’s ‘Bitcoin Capital’
The city of Belo Horizonte has officially been named Brazil’s “Capital of Bitcoin” through the enactment of Municipal Act No. 11,905.
Spearheaded by Councillor Vile Santos and Mayor Álvaro Damião, the initiative aims to transform Belo Horizonte into a premier hub for cryptocurrency innovation, financial education, and blockchain-based businesses within Brazil.
The legislation, swiftly approved by the City Council with widespread political support, is designed to attract investment, strengthen the local economy, and foster the creation of digital assets.
The city’s calendar will now include annual events celebrating its new title, designed to boost tourism and stimulate new economic opportunities within the expanding cryptocurrency ecosystem.
Beyond the symbolic recognition, the law outlines concrete steps to cultivate a thriving crypto economy.
This includes the development of research initiatives, educational workshops, and training programs for entrepreneurs, students, and the general public. These resources aim to increase financial literacy and understanding of blockchain technology.
Local tech companies and startups are poised to benefit from a more favorable environment for innovation and investment.
Experts stress that education will be key to ensuring that the benefits extend to all segments of society, laying the groundwork for long-term inclusion and the growth of skilled jobs.
With this innovative approach, Belo Horizonte is positioning itself as not only a leader in Brazil but also a global example of how digital finance and public policy can converge to shape the future economy.
DL Holdings Invests $40 Million to Expand Bitcoin Mining Operations
DL Holdings has committed to purchase 2,995 Antminer S21 water-cooled mining rigs from BITMAIN, financed by Antalpha, through two legally binding letters of intent.
This purchase, combined with a previous acquisition of 2,200 mining units, brings the company’s total investment to over 320 million HKD (approximately USD 40 million), resulting in a total computing power of roughly 2,100,000 TH/s.
The new equipment will be deployed in facilities located in Oman and Paraguay, with BITMAIN providing comprehensive operational and maintenance services.
According to Andy Chen, Chairman of DL Holdings, this substantial investment reflects confidence in Hong Kong’s regulatory framework for virtual assets and the long-term prospects of decentralized finance.
DL Holdings’ recent move signifies a strategic shift from traditional asset allocation to direct participation in Bitcoin mining infrastructure.
Instead of purchasing Bitcoin on the open market, the company is building its own hashrate capacity to generate revenue from large-scale mining activities.
This approach aims to empower investors by providing direct access to the foundational layer of digital finance, while also promoting diversity and transparency within the mining sector.
As Chen put it, DL Holdings is evolving “from buying gold to operating a gold mine,” creating a business model focused on Bitcoin production, technological advancement, and sustained cash flow generation.
Bitget Recognized in Animoca Brands Report as a Leading Exchange of the Future
Bitget, a leading Universal Exchange (UEX), was prominently featured in Animoca Brands’ latest report, “Exchanges’ Next Phase: Reaching the Mainstream.”
The report analyzes the evolution of exchanges as key gateways to the on-chain economy, highlighting Bitget’s UEX concept as a prime example of this transformation.
It notes that centralized exchanges, once primarily focused on cryptocurrency trading, are now expanding into areas like tokenized assets, payments, and the integration of real-world finance.
According to a press release, Bitget’s approach is highlighted as a model for how exchanges can effectively bridge the gap between traditional finance and the decentralized world, thereby enhancing the user experience for both retail and institutional investors.
Bitget’s UEX strategy is already evident in its diverse product offerings, including AI-driven trading through GetAgent, Onchain integration for access to early-stage tokens, and stock futures trading, demonstrating the growing demand for hybrid exchange models.
CEO Gracy Chen stated that exchanges must now act as bridges between centralized and decentralized ecosystems, providing users with seamless access to all facets of digital banking.
Ming Ruan, Head of Research at Animoca Brands, echoed this sentiment, describing exchanges like Bitget as evolving into “cultural and financial gateways” that connect gaming, payments, identities, and tokenized assets.
As Bitget expands its global reach, supporting over 120 million users in more than 150 countries, its UEX framework is setting a new standard for how exchanges should operate as universal, interconnected platforms that empower the future of on-chain engagement.
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Belo Horizonte crowned Brazil’s ‘Bitcoin capital’ as DL Holdings grows in Paraguay
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