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Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining Rigs

Kyrgyzstan Shuts Down Cryptocurrency Farm With 2,500 Mining RigsAuthorities 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 the losses. Underground Crypto Farm Busted in Kyrgyzstan The region […]

Cryptocurrency investment should favor emerging markets

Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not Qualified

Iran Blockchain Association Offers Help With Crypto Regulations, Says Regulators Are Not QualifiedThe leading crypto industry association in Iran has slammed authorities for their passive stance regarding crypto regulation. The government’s inaction is a source of concern, the organization said, offering its assistance to regulators whom it considers not sufficiently qualified to deal with the complex issue. Blockchain Association Proposes Public-Private Partnership on Crypto Rules in Iran […]

Cryptocurrency investment should favor emerging markets

Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Russian Oil Companies Propose to Mine Cryptocurrencies at Their WellsCompanies 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 be wasted. Ministries and Central Bank Review […]

Cryptocurrency investment should favor emerging markets

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining HardwareAuthorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]

Cryptocurrency investment should favor emerging markets

Hong Kong Busts Money Laundering Ring Using Tether to Wash Millions

Hong Kong Busts Money Laundering Ring Using Tether to Wash MillionsAuthorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to launder dirty cash. Money Laundering Syndicate Recycles $155 Million in Crypto and Fiat Transactions […]

Cryptocurrency investment should favor emerging markets