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Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
8.12.2022
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy...
Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm
7.12.2022
A tailor’s shop in Kovel, Ukraine, has been exposed as a front for an illegal crypto mining operation. Its masterminds connected their rigs to the local power grid – and stole electricity to power their efforts....
Read More: Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm
Russia on the Verge of Legalizing Crypto Mining
6.12.2022
Russian lawmakers are inching closer to legalizing crypto mining – and could begin allowing industrial miners to operate as bona fide “entrepreneurs” as early as next month.
Anatoly Aksakov, the head of the State Duma’s Committee on the Financial Markets, last month claimed that a bill would...
Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry
6.12.2022
The bill would cap how much the grid operator can charge bitcoin miners for electricity
Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware
4.12.2022
Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry....
Canada's Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining: Reports
1.12.2022
The local heavily indebted utility has received up to 4.6 GW of requests from miners looking to connect to the grid
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...
New York Man Pleads Guilty to $2M Crypto Mining Fraud
29.11.2022
Chet Stojanovich, 38, went to great lengths to pose as a broker of crypto mining equipment and hosting services – but kept his customers’ money for himself
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective
28.11.2022
Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor...
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
23.11.2022
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have...
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
23.11.2022
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate,...
Binance's Crypto Mining Pool Adds Ravencoin Support
23.11.2022
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge
Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North's Assets
23.11.2022
Foundry will buy two mining facilities and has an option to acquire another site that is under development
Warren Buffett’s Berkshire Hathaway Warns About Crypto Exchange Website Using Its Name
22.11.2022
The Warren Buffett-led Berkshire Hathaway has issued a statement warning that a cryptocurrency exchange website is using its name. The company stressed that the crypto firm has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett. Berkshire Hathaway Warns About...
Argentinian Officials Swoop on Illegal BTC Mining Farm in ‘Luxury Apartments’
21.11.2022
The Argentinian tax body’s crackdown on unregistered crypto mining is expanding to residential properties. Officers shut down an illegal Bitcoin (BTC) mining farm in a “high-end” block of apartments in an upscale part of La Plata, Buenos Aires Province.
Earlier this month, the tax body – known...
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....
Russian bill would legalize crypto mining, sales under ‘experimental legal regime’
18.11.2022
The bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia’s latest step to integrate digital assets into its economy
Russia Could Legalize Crypto Mining by Jan 1, 2023 – As Long as This Happens
18.11.2022
Russia may finally legalize crypto mining – after the government’s chief crypto legislation architect announced the rollout of a bill that could come into force on January 1, 2023.
Speaking to RIA Novosti, the head of the State Duma’s Committee on the Financial Markets, Anatoly Aksakov, stated...
South Korean Police Probe Crypto Mining Outfit on ‘Ponzi Scam’ Suspicions
16.11.2022
South Korean police officers are investigating a crypto mining firm that allegedly failed to pay back its investors – after promising them monthly returns of up to 12%....
Read More: South Korean Police Probe Crypto Mining Outfit on ‘Ponzi Scam’ Suspicions
PEGA Pool to Launch in 2023 to Help You Offset Your Carbon Footprint While Crypto Mining
14.11.2022
PEGA Pool is an eco-friendly crypto mining pool currently in private beta testing and is expected to be open to the public in the first quarter of 2023. Regarding bitcoin mining, there have always been concerns about its environmental impact; however, now is the ideal time to make a difference...