Tue, July 8

Search Results for: crypto mining

Russia Bans Crypto Mining in 10 Regions to Balance Energy Consumption

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

December 24, 2024 2 mins read

NiceHash Relocates to Switzerland, Boosting Crypto Mining Operations and Compliance

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

December 18, 2024 3 mins read

Russia Approves Law Limiting Crypto Mining to Conserve Energy

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

November 21, 2024 2 mins read

Green United Fails to Dismiss $18M Crypto Mining Fraud Lawsuit

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

September 24, 2024 2 mins read

IMF Proposes Tax Hike on Crypto Mining and AI Data Centers

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

August 16, 2024 2 mins read

Putin Approves Crypto Mining Law, Reducing Russia’s USD Dependency

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

August 8, 2024 2 mins read

Can Crypto Mining Platforms Find The Goldilocks Zone?

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

July 26, 2024 4 mins read

Venezuela Cracks Down on Crypto Mining Farms Amid Energy Crisis

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

May 19, 2024 2 mins read
Little Pepe