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Malaysia Detains Over 600 People for Stealing Electricity to Mine Cryptocurrency

30.3.2022
In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies. The country’s police force has also confiscated equipment worth millions of dollars. Malaysia Police Announce Results From...

Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining

30.3.2022
The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business...

‘Bitcoin in Cowboy County’ — New Documentary to Feature Gas-to-Bitcoin Mining Solutions in Central Wyoming

28.3.2022
According to the bitcoin mining operation and mining rig reseller, Compass Mining, a new documentary will be released that covers the bitcoin mining operations in central Wyoming. The documentary, called “Bitcoin in Cowboy County: Wyoming’s Powder River Miners,” will premiere...

Bitcoin Miner Iris Energy Gets $71M Equipment Financing from NYDIG

28.3.2022
The financing is backed by 19,800 Bitmain S19j Pro miners that have hashrate of about 1.98 exahash per second

White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact

25.3.2022
The White House’s science and technology team is seeking public commentary on the energy use and climate impacts of crypto

Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News

25.3.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Satoshi Island, Thailand vs. Crypto, NFT Fraud + More News

Report: Gas Giant Exxon Is Running a Gas-to-Bitcoin Mining Pilot Program in North Dakota

25.3.2022
Exxon Mobil Corporation is reportedly participating in a pilot program that leverages excess natural gas to power crypto mining machines, according to a recent report quoting people familiar with the matter. The report states that the oil giant is partnered with the firm Crusoe Energy Systems,...

Russia's energy chief says it would accept Bitcoin for oil and gas

25.3.2022
The heavily-sanctioned country is scrambling to find ways to increase its revenue and has floated the possibility of allowing China and Turkey to pay for energy in Bitcoin

Russia May Accept Bitcoin for Gas Exports, Lawmaker Says

24.3.2022
Russia is moving away from the dollar and the euro as payment options for its energy exports, and bitcoin has been mentioned as a possible substitute alongside the ruble and the national currencies of partnering countries. A high-ranking parliamentarian has indicated that Moscow may take...

Senior Russian MP Suggests Trading Gas and Oil for Bitcoin

24.3.2022
A senior Russian politician has suggested turning to bitcoin (BTC) as an alternative to the USD in international energy exports and trade deals. The comments were made by Pavel Zavalny, a member of the ruling United Russia Party and the Chairman of the State Duma (Russia’s parliament) Committee...

War in Ukraine to Make Countries Rethink Currency Dependencies - BlackRock CEO

24.3.2022
The war in Ukraine will make countries “re-evaluate their currency dependencies,” with work on digital currencies likely to be accelerated, according to Larry Fink, CEO and Chairman of the major asset manager BlackRock. Writing in a letter to shareholders published on Thursday, Fink said that...

Time to Legalize and Tax Bitcoin Mining in Russia, Say Deputy PM, Academic & Think Tank

23.3.2022
The voices calling for Russia to legalize Bitcoin (BTC) and crypto mining are continuing to grow louder, with the Deputy Prime Minister, prominent academics, and a leading economic think tank all suggesting that legislation should be rolled out in the near future. RBC reported that the Russian...

US Bitcoin mining firm turns to harmful coal waste for cleaner energy

23.3.2022
In a bid to make crypto mining more environmentally friendly, Stronghold Digital Mining is turning harmful waste from coal mining into clean energy to power Bitcoin miners

Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining

22.3.2022
Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit....