Search

Nalezeno "crypto mining": 1483

Several Crypto Mining Operations Busted in Russia

19.3.2023
Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming...

Crypto mining in 2023 — Is it still worth it? Watch Market Talks

16.3.2023
Join us as we discuss whether cryptocurrency mining is still worth it in 2023 and all the latest updates regarding the mining industry

Russian MP Calls for Gov’t to Hurry Crypto Mining Legalization – Here’s His Rationale

14.3.2023
A Russian lawmaker has called for the legalization of crypto mining – and has claimed that bringing mining out of a “grey” legal sphere as soon as possible will benefit both miners and the government. The comments came from the MP Sergei Malikov, a member of the Moscow Regional Duma, where...

Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam

14.3.2023
The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued at $194,000 was recovered during the arrests....

Revised Bill Suggests Prison Time for Russian Crypto Miners Evading Taxation

12.3.2023
A draft law designed to regulate crypto mining in Russia introduces harsh penalties for miners failing to report digital assets to the state. In its latest revision, the bill also threatens to punish those who organize illegal trading of cryptocurrencies with imprisonment and hefty fines. Forced...

Crypto Mining Firms Targeted: U.S. Treasury Proposes 30% Tax on Electricity Costs

10.3.2023
Crypto mining firms based in the United States could be subject to a 30% tax on electricity costs under a new budget proposal aimed at reducing mining activity. According to a March 9 supplementary budget explainer paper by the Department of the Treasury, any firm using owned or rented mining rigs...

U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms

10.3.2023
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine...

Biden budget proposes 30% tax on crypto mining electricity usage

9.3.2023
The tax would be phased-in at 10% per year over three years and covers electricity generated from both on and off-grid sources

Crypto Mining Rig Maker Canaan's Q4 Revenue Sunk 82% to $56.8M

7.3.2023
The firm reported Q4 net loss per ADS of 38 cents compared to $1 for the same period in 2021

SEC accuses Utah firm of 'fraudulent' $18M crypto mining scheme

7.3.2023
The SEC said Green United’s operation was a fraud and the community was quick to quell fears of the SEC classing crypto mining as a security in the suit

SEC Accuses Utah-Based Green United of Running $18M Crypto Mining Scam

6.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed suit against Green United, alleging that the Utah-based company violated federal securities laws by selling $18 million worth of phony crypto mining equipment

US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme

6.3.2023
A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to...

US Legislators Call for Greater Transparency on Crypto Mining Emissions – Regulation Incoming?

4.3.2023
US lawmakers have expressed intentions to reintroduce a bill that would require crypto mining companies to disclose emissions data for operations that use more than five megawatts of electrical power. On Friday, United States Senator Edward Markey and Representative Jared...

Senators renew call for EPA investigation of crypto mining emissions data

3.3.2023
Sen. Edward Markey and Rep. Jared Huffman want miners to disclose emissions data and the EPA to lead an investigation of their impact

Russia Unveils Mutual Fund for Financing Crypto Mining Operations

3.3.2023
A Russian company has unveiled a new fund intended to finance crypto mining operations in the country. The new mutual investment fund will be available to qualified investors who can invest a minimum of 300,000 rubles (approx. $4,000), and the money will be used to acquire crypto mining equipment...

Investment Fund Focused on Crypto Mining to Be Created in Russia

3.3.2023
The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining...