The Russian government plans to ban crypto mining activity in 10 selected regions to reduce energy consumption. For over 6 years, people in these regions will not be able to mine digital currencies and also participate in mining pools. As per the local new agency TASS, Russia bans crypto mining
The leading cryptocurrency mining platform, NiceHash, has announced that it is moving its operations from the British Virgin Islands to Zug, Switzerland. The transition, which started in November, should be finished by the middle of December. Along with ensuring compliance with the Markets in Crypto-Assets Regulation (MiCA) of the European Union and
Vladimir Putin, Russia’s president, has signed new legislation limiting cryptocurrency mining in certain areas in an effort to control the country’s energy use. As part of its larger attempts to control the sector and save power during winter peak hours, Russia has imposed certain limits. Between December 2024 and March
U.S. federal judge Allen has denied Green United’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), accusing the Utah-based company of running an $18 million crypto mining scam. The SEC alleges that Green United misled investors by selling fake cryptocurrency mining equipment and violating federal
Arbitrum is at a pivotal moment, with its price experiencing a significant decline and a new staking proposal potentially charting a course for recovery. Meanwhile, Kaspa Mining is gaining momentum, particularly following its integration into Binance Pool, which has sparked renewed interest in its mining prospects. However, BlockDAG’s X1 Miner
On August 15, 2024, the International Monetary Fund (IMF) recommended a major increase in electricity taxes for cryptocurrency miners and AI data centers to address their carbon footprint. The IMF’s proposal suggests raising the electricity cost for crypto miners by 85%. They propose a tax of $0.047 per kilowatt-hour, potentially
A piece of legislation to legitimize Bitcoin (BTC) and crypto mining was adopted by Russian President Vladimir Putin on August 8th. As part of its foreign policy, the nation is working to lessen its need for the US currency. Approved mining enterprises will be able to register via a state
Bitcoin mining is a minefield. For those with the technical savvy and the time served in the crypto trenches, the vicissitudes of mining come easily, but for the majority of crypto users, it’s baffling. It’s one thing to have a basic understanding of hashrate, hardware costs, halving cycles, and market
As the cryptocurrency market evolves, The Graph, Kaspa, and BlockDAG are capturing investor attention. The Graph’s GRT token has surged past a $1 billion market cap, driven by AI-related growth. Kaspa’s innovative BlockDAG architecture addresses scalability, pushing its market cap close to $3 billion. However, BlockDAG is emerging as the
The Venezuelan government has stated its intention to detach cryptocurrency mining farms from the power grid in order to control the country’s excessive energy consumption and guarantee a steady supply of electricity to its residents. In an effort to combat corruption, the government recently confiscated 2,000 crypto mining devices, prompting
