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Kazakhstan Shuts Down Crypto Mining Farms Till February
26.1.2022
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto...
Decommissioned Power Plant in Armenia to Host Crypto Mining Farms
23.1.2022
Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises. Miners Welcome to Set Up Data Centers at Old TPP...
NFT firm Dropp GG set to launch ‘geo-minting’ and ‘mixed reality events’
21.1.2022
“NFTs will soon replace transactions that will require proof of authenticity. We believe NFT adoption is inevitable,” stated Dropp GG founder Edmond Truong
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown
9.1.2022
Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country....
Why You Need to Buy Sassy Unicorns NFT
6.1.2022
What Are Sassy Unicorns NFT Sassy Unicorns are a collection of 10,000 unique NFTs on the Ethereum blockchain. Each unicorn is available to adopt, with unicorns distributed randomly at the minting event. Special About Sassy Unicorns NFT Each NFT holder can yield 7$ daily by holding NFT in their...
Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners
31.12.2021
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down...
Iran Orders Crypto Miners to Halt Operations to Prevent Winter Blackouts
26.12.2021
Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resume mining in September. Crypto Mining Farms...
Mintable app to support minting NFTs on the layer 2 Immutable X protocol
14.12.2021
By integrating Immutable X's technology into its marketplace, Mintable hopes to tackle gas and scaling limitations for NFT traders
Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages
9.12.2021
Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away...
Only 1 in 4 NFTs Bought During Minting Result in Profit - Chainalysis
6.12.2021
Data acquired from the major non-fungible token (NFT) marketplace OpenSea reveals that merely 28.5% of NFTs purchased during minting lead to a profit. On the other hand, more than 65% of NFTs bought from other users on the secondary markets result in profit.
NFTs "are far from a surefire...
Russia, Ukraine Shut Down Several Cryptocurrency Farms
5.12.2021
Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
25.11.2021
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest...
Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs
17.11.2021
Authorities in Kyrgyzstan have uncovered and shut down a large crypto mining farm in the north of the country. Law enforcement officials claim the illegal coin minting facility has inflicted “colossal damage” to the nation’s power grid and that they are still trying to estimate...
Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry
10.11.2021
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin...
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
4.11.2021
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding...
Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm
3.11.2021
With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system...
SXSW’s 2022 Festival in Texas to Host Major On-Site NFT Workshop for Participants
29.10.2021
On Thursday, South by Southwest (SXSW) Conference and Festivals announced the company will be minting the first SXSW NFT, and at the 2022 festival in Austin, Texas, participants will be able to tokenize their work using NFT technology. SXSW’s 2022 festival will be held on March 11-20...
The Legends of Bezogia Blockchain NFT Rental MMO Game Takes Gaming Industry by Storm
27.10.2021
The Legends of Bezogia, the land where everything always goes up, is a massive open-world sandbox-style game where players can summon their own Bezogi characters from a large selection of different breeds by minting in-game NFTs, which randomly generate Bezogi. Each unique to their own playstyles...
Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
22.10.2021
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...