Search
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
23.11.2022
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have...
Estonia, US Arrest 2 Suspects in $575 Million Crypto Fraud Scheme
23.11.2022
Law enforcement officers from Estonia and the United States have arrested two men for allegedly committing a large-scale cryptocurrency fraud. The Estonian nationals, who ran a crypto mining service and a fake virtual currency bank, laundered their proceeds, spent on cars and real estate,...
Binance's Crypto Mining Pool Adds Ravencoin Support
23.11.2022
Former Ethereum miners have been drawn to alternative coins like Ravencoin after they had to leave the Ethereum network post-merge
New York governor signs PoW mining moratorium into law
23.11.2022
Governor Kathy Hochul signed the PoW moratorium bill into law on Nov. 22, nearly four months after the bill was approved by the state senate
DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North
23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...
New York Imposes 2-Year Moratorium on New Proof of Work Mining After Gov. Hochul Signs Bill Into Law
23.11.2022
The new law sets a two-year moratorium on new and renewed air permits for fossil fuel power plants used for energy-intensive proof-of-work (PoW) cryptocurrency mining
Crypto Mining and Staking Firm Foundry Buys Some of Troubled Bitcoin Miner Compute North's Assets
23.11.2022
Foundry will buy two mining facilities and has an option to acquire another site that is under development
Bitcoin Mining Giant Core Scientific Ended October with $32M in Cash
22.11.2022
Core Scientific said it might run out of cash before the end of the year and lawsuits are piling up
Binance Pool announces the launch of its Cloud Mining service
22.11.2022
The latest service release from Binance Pool has recently generated market-wide interest. The platform’s Cloud Mining service has been launched to facilitate user access to mining equipment. Users will earn mining incentives via Binance Pool as a result of the development. After...
Warren Buffett’s Berkshire Hathaway Warns About Crypto Exchange Website Using Its Name
22.11.2022
The Warren Buffett-led Berkshire Hathaway has issued a statement warning that a cryptocurrency exchange website is using its name. The company stressed that the crypto firm has no affiliation with Berkshire Hathaway Inc. or its chairman and CEO, Warren E. Buffett. Berkshire Hathaway Warns About...
Iris Energy to cut mining hardware after defaulting on $108M loan
22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."
HashFlare founders arrested in 'astounding' $575M crypto fraud scheme
22.11.2022
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy
Bitcoin Miners Face a Squeeze as BTC Production Cost Remains Well Above Spot Market Value
21.11.2022
Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s...
Argentinian Officials Swoop on Illegal BTC Mining Farm in ‘Luxury Apartments’
21.11.2022
The Argentinian tax body’s crackdown on unregistered crypto mining is expanding to residential properties. Officers shut down an illegal Bitcoin (BTC) mining farm in a “high-end” block of apartments in an upscale part of La Plata, Buenos Aires Province.
Earlier this month, the tax body – known...
Bitcoin’s Mining Difficulty Taps a Lifetime High, Glassnode Says BTC Miners Remain ‘Under Immense Pressure’
21.11.2022
On Sunday, Nov. 20, 2022, Bitcoin’s difficulty rise erased the recent 0.20% decline recorded two weeks ago, as the difficulty metric rose by 0.51% at block height 764,064. The increase on Sunday has pushed the difficulty rating to another all-time high, from 36.76 trillion to the current...
Amendments to Russia’s Digital Asset Law Aim to Allow Mining, Ban Crypto Exchange and Ads
19.11.2022
Russian lawmakers have proposed changes to the current law “On Digital Financial Assets” in order to regulate crypto mining while banning the circulation of cryptocurrencies in the country. The legislation also prohibits the non-targeted advertising of crypto-related products and services....
Russian bill would legalize crypto mining, sales under ‘experimental legal regime’
18.11.2022
The bill provides a legal definition of mining and mining pools and would create a domestic cryptocurrency market in Russia’s latest step to integrate digital assets into its economy
Brazil Based FTX Customers Organizing to File Class-Action Lawsuit
18.11.2022
A group of customers of the recently collapsed crypto exchange FTX, is organizing to take legal action against the company. The suit would be led by Ray Nasser, CEO of Arthur Mining, and will be brought by customers who had more than $100,000 on the exchange by the time of its bankruptcy. Brazilian...
Russia Could Legalize Crypto Mining by Jan 1, 2023 – As Long as This Happens
18.11.2022
Russia may finally legalize crypto mining – after the government’s chief crypto legislation architect announced the rollout of a bill that could come into force on January 1, 2023.
Speaking to RIA Novosti, the head of the State Duma’s Committee on the Financial Markets, Anatoly Aksakov, stated...
Nvidia Chipmaker Crypto-Related Revenue Beat Expectations Despite Bear Market
18.11.2022
The crypto related revenue for the major chipmaker Nvidia reached $5.93bn in revenue for the third quarter. The figure was higher than expected, despite a slump in demand from both crypto miners and gamers.
According to the company’s latest earnings report, Nividia’s total revenue for the third...