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US lawmaker behind crypto mining legislation urges Zuck not to offer metaverse to teenagers
2.3.2023
A letter from two U.S. senators cited reports of Instagram being behind many teenagers experiencing suicidal thoughts, and Meta's failure to stop harmful ads aimed at young adults
Advisors: Learn Crypto, or Your Clients Will
2.3.2023
The disconnect between financial advisors and their clients around crypto has become increasingly apparent, given that 37% of advisors personally invested in crypto compared to 83% of their clients that have, according to one 2023 survey
What is opportunity cost? A definition and examples
1.3.2023
Opportunity cost is the potential benefit that is missed out on when choosing one option over another
Illegal Crypto Mining Operation Found Hidden Under High School
27.2.2023
A man has been arrested and is facing charges in a small town outside of Boston after local authorities discovered “an illegal cryptocurrency mining operation” tucked away under a school’s floor.Read more
Lawmakers to Resubmit Russia’s Crypto Mining Bill, Introduce Liability for ‘Gray’ Miners
26.2.2023
The draft law legalizing cryptocurrency mining will be resubmitted to Russian parliament which will postpone its adoption, one of its sponsors announced. Members of the lower house are also working on a separate bill that will introduce liability for those who mint digital coins illegally. Adoption...
Montana’s ‘right to mine’ crypto bill moves closer to passing as law
24.2.2023
The bill seeks to enshrine crypto miners' rights and will still have to pass muster in the states House before its signed into law by the governor
Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace
23.2.2023
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto...
Sharp Rise in Dating App-based Crypto Mining Scams in South Korea
23.2.2023
There has been a rise in scams that use dating apps to lure victims onto bogus crypto mining platforms, a South Korean security provider has claimed.
Per EDaily, the claims were made by the regulation technology developer and security provider Uppsala Security. The firm said that scammers are...
Paraguay to Become Top Bitcoin Mining Hub in Latam According to Insight Group
22.2.2023
Paraguay, one of the smallest countries in Latam, has the conditions needed to become the next Bitcoin mining hub in the region, according to mining insight group Hashrate Index. The company notes there are many elements in favor of Paraguay, including the abundance of clean hydroelectric power...
Bitmain Partner BitFuFu Starts Marketplace for Crypto Mining Rig Coupons
20.2.2023
The discount coupons issued last year haven't been used because miners don't have the cash to spend on new equipment
Court to Try 2 Russians for Stealing 86 Bitcoins From Crypto Miner
16.2.2023
Two residents of the Russian city of Tomsk will be tried for “large-scale robbery” involving the theft of cryptocurrency worth millions of rubles from a local miner. The digital coins were stolen from the owner at gunpoint, authorities said, adding that both criminals are now...
Bitcoin miners already made nearly $600K from Ordinals' NFT transactions
14.2.2023
The Ordinals hype is real with the NFT inscriptions now regularly taking over 50% of Bitcoin block space
Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown
12.2.2023
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat...
Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes
11.2.2023
A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets
State-backed Crypto Mining Farm under Construction in Russia’s Buryatia
11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...
Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force
11.2.2023
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew...
Abkhazia Police Seize 396 Crypto Mining Rigs in 48 Hours as Electricity Woes Continue
9.2.2023
Police in Abkhazia have confiscated 396 crypto mining rigs in the space of just 48 hours – as the de facto state continues its battle against illegal miners. The government has blamed illegal miners for crippling power shortages and rolling blackouts that have left thousands without electricity....
Russian government subsidies crypto mining facility in Siberia
9.2.2023
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid
US Senator Elizabeth Warren Leads the Charge to Learn More About Crypto Mining Energy Usage – Regulation Incoming?
8.2.2023
Elizabeth Warren, the Democratic Senator who is known as a fierce crypto critic, is now part of an effort by lawmakers to learn more about the energy use of crypto mining.
The new initiative aims to increase the transparency requirements for crypto mining companies, particularly when it comes...
Kazakhstan's President Signs Legislation to Limit Energy Usage of Crypto Mining
7.2.2023
The new legislation also calls for government-approved mining pools