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Cryptocurrency mining

Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker

Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US LawmakerJared Huffman, a United States lawmaker who advocates for increased scrutiny of crypto-mining entities, has reportedly chastised U.S. energy agencies that he accuses of failing to act on the White House’s call on them to do “reliability assessments of current and projected crypto-asset mining operations on electricity system reliability and adequacy.” However, a commissioner at […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected Soon

Bank of Russia, Finance Ministry Agree on Crypto Mining Regulation, Law Expected SoonMajor government institutions in Moscow, the central bank and the finance ministry, have aligned their positions on the regulation of cryptocurrency mining in the Russian Federation. The respective bill will soon be filed with the State Duma, a high-ranking member of the house unveiled. Financial Authorities Reach Consensus on How to Regulate Mining of Digital […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Working Group to Develop Efficiency Standard for Crypto Mining in Russia

Working Group to Develop Efficiency Standard for Crypto Mining in RussiaCrypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime. Russia Prepares to Improve Efficiency of Mining Facilities in 2023 A group of crypto specialists have teamed up to […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities

Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining OpportunitiesAccording to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research crypto-mining opportunities that could be added to the council’s economic development portfolio. […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

White House Releases ‘First-Ever’ Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are Unclear

White House Releases ‘First-Ever’ Framework for Digital Asset Development — Crypto Industry Leader Says Recommendations Are UnclearThe White House has now released what it called its “first-ever” comprehensive framework for the responsible development of digital assets just over six months after U.S. President Joe Biden signed an executive order on the same matter. However, one crypto industry leader has lamented the lack of clarity and understanding of the technology in the […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine Cryptocurrency Mining Farms

Argentine Tax Authority AFIP Strengthens Supervision, Finds Three Clandestine Cryptocurrency Mining FarmsThe Argentine tax authority (AFIP) found three different clandestine cryptocurrency mining farms last week. The farms were located in San Juan and in the city of Cordoba. More than $600,000 in hardware was found at just one of these locations, and the high level of power consumed helped the institution track these farms. Argentine Tax […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

9,404 Crypto Mining Devices Seized by Iranian Authorities Since March

9,404 Crypto Mining Devices Seized by Iranian Authorities Since MarchIranian authorities have seized nearly 10,000 illegal cryptocurrency mining devices since March. According to reports, many of the seized crypto mining rigs were operating in public locations that receive free or heavily-subsidized electricity, such as schools and mosques. Iran Confiscates Nearly 10K Crypto Mining Devices Kambiz Nazerian, head of Tehran Electricity Distribution Company, said Monday […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining Sector

Leading Japanese Online Broker SBI to Pull Out of Russia’s Crypto Mining SectorSBI Holdings, the largest online brokerage in Japan, is shutting down its crypto mining business in the Russian Federation. Amid mounting uncertainty over the future of such investments due to the ongoing conflict in Ukraine, as well as decreased mining profits, the financial firm said it plans to sell its equipment and withdraw. Japan’s SBI […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister SaysConcerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto Miners

Iranian Power Utility Tavanir Vows Severe Measures Against Unlicensed Crypto MinersIran’s state-owned power distribution company, Tavanir, has threatened harsher measures to discourage unauthorized crypto mining. These include much higher fines for those minting digital currencies with subsidized electricity and penalties for government officials involved in mining. Tavanir Raises Fines for Illegal Cryptocurrency Mining The Iran Power Generation, Transmission and Distribution Company (Tavanir) has adopted new, […]

Bitcoin ETFs See Four Successive Days of Inflows Worth Over $3 Billion