Russian President Vladimir Putin has approved restrictions on cryptocurrency mining in 13 regions to address energy supply issues during peak winter months.
Russia bans crypto mining in certain regions during winter to prevent power shortages.
A crypto mining company has been fined $14 million by the SEC and DOJ for a $2.5 million bribery attempt to secure a Japanese casino contract, which was unsuccessful.
Dagestan seeks permission from Moscow to ban crypto mining under new rules.
Thai police conducted raids in Chachoengsao and Surat Thani, arresting illegal crypto miners for electricity theft. Millions worth of mining equipment was seized.
BitRiver executive believes Russia's rapid crypto mining growth can establish it as a global AI leader.
Russian authorities are cracking down on home-based crypto mining, detaining a resident in Novosibirsk for illegal mining using subsidized electricity and earning 12 million rubles. A new law effective November 1 regulates private mining and strengthens control over electricity consumption to curb illegal activities.
Russia's Energy Ministry plans to ban crypto mining in certain regions, focusing on intensifying crackdowns on illegal operations in Siberia.
UEEx Miner app on Telegram simplifies crypto mining, allowing users to earn UECoin without expensive equipment. This article guides users on starting mining with this user-friendly Telegram bot.
Russia is advancing towards regulating its crypto mining industry. The first forum of the Industrial Mining Association in Moscow discussed taxes and legislation, involving 70% of the country's mining farms.
Russia's new electricity reliability regulations may result in power cuts for crypto miners, impacting profits and stability. Miners would face peak load disconnections, triggering industry concerns over potential investment outflows and tax revenue loss.
Russia may restrict crypto mining in regions like Siberia and the Far East due to energy overload risks.
CleanSpark, a major US crypto-mining firm, plans to acquire a controversial mining center near an Air Force base.
The Swedish Tax Agency found that 18 out of 21 crypto mining companies misreported taxes between 2020 and 2023, resulting in $90 million in unpaid taxes. The agency plans to enhance oversight and possibly implement stricter regulations.
Cybersecurity researchers report that hackers are using automated email replies to deploy stealthy crypto mining malware.
Authorities in Russia have uncovered illegal crypto mining farms in Dagestan amid new mining legislation. The regional prime minister calls for increased law enforcement efforts due to electricity consumption issues.
Argentinian authorities conducted a major operation, seizing crypto mining hardware worth over $624,000 and arresting four individuals involved in smuggling and money laundering.
Judge rules against Green United LLC in an $18M crypto mining fraud case, allowing the SEC lawsuit to proceed. The SEC accused executives of selling mining equipment for a non-existent blockchain. The judge rejected the defendants' claim that the SEC lacks authority over digital assets.
Green United loses bid to dismiss $18M crypto mining fraud suit over claims they sold mining equipment for a non-existent blockchain.
Gazprom has established a subsidiary for crypto mining, receiving strong investor support. This move aims to monetize excess energy and diversify revenue streams.
Russia plans to open 15 new crypto mining facilities in the Komi region, advancing its entry into the crypto space.
Bitfarms has announced a new hosting agreement with Stronghold Digital Mining, which will enhance its operations with an additional 2.2 EH/s from 10,000 Bitmain T21 miners.
Nvidia has surpassed profit estimates, announcing a $30 billion quarter in Q2 2024, fueled by AI advancements, rather than crypto mining.
Russia will begin trials for cryptocurrency exchanges and digital token payments on September 1 to address payment challenges due to international sanctions. The trials involve the National Payment Card System and may lead to establishing crypto trading platforms if successful.
A Chinese court ruled against a company in a $230,000 crypto mining fraud case, emphasizing legal and environmental concerns.
The IMF reports that crypto mining and data centers account for 2% of global electricity usage. This may rise to 3.5% in three years. Increasing electricity tax by 85% could mitigate the environmental impact.
MasHash provides a way for individuals to engage in crypto mining without needing expensive hardware or specialized knowledge.
Russia legalizes crypto mining, impacting both large-scale and individual operations.
Russian President Vladimir Putin has signed a law legalizing crypto mining in the country, bringing Russia into the global crypto economy.
Bitcoin nears $60,000 after Putin signs a law legalizing cryptocurrency mining in Russia. The new legislation sets a framework for regulated crypto mining, boosting BTC by nearly 9% in 24 hours. Analysts forecast potential new highs for Bitcoin if upward momentum continues.
Putin signs bill to legalize crypto mining in Russia, signaling a shift towards digital currencies amid sanctions.
Russian President Vladimir Putin has signed a bill to legalize crypto mining, marking a historic shift for the country from Bitcoin opposition to adoption over the past three years.
