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Nalezeno "crypto mining": 1495

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

12.2.2023
Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat...

Kazakhstan to mandate 75% revenue sale from crypto mining for tax purposes

11.2.2023
A new law signed by Kazakh President Kassym-Jomart Tokayev on Feb. 6 reinstated the nation’s stand against the unlawful mining operations and issuance of crypto assets

State-backed Crypto Mining Farm under Construction in Russia’s Buryatia

11.2.2023
A new crypto mining facility is being built in the Russian Republic of Buryatia with support from a government-affiliated company. Construction of the infrastructure for the large-scale project is already underway, carried out by a subsidiary of Russia’s largest mining operator, Bitriver. Bitriver...

Kazakhstan Law Limiting Crypto Miners’ Consumption of Electricity Enters Into Force

11.2.2023
A new law expanding the regulatory framework for cryptocurrency miners while restricting their access to low-cost electricity has entered into force in Kazakhstan. The legislation introduces a licensing regime for mining with two different categories of licenses that companies will have to renew...

Abkhazia Police Seize 396 Crypto Mining Rigs in 48 Hours as Electricity Woes Continue

9.2.2023
Police in Abkhazia have confiscated 396 crypto mining rigs in the space of just 48 hours – as the de facto state continues its battle against illegal miners. The government has blamed illegal miners for crippling power shortages and rolling blackouts that have left thousands without electricity....

Russian government subsidies crypto mining facility in Siberia

9.2.2023
The facility, which is to open this year, will possess 30,000 crypto mining machines, hire 100 workers and consume 100 megawatts from the power grid

US Senator Elizabeth Warren Leads the Charge to Learn More About Crypto Mining Energy Usage – Regulation Incoming?

8.2.2023
Elizabeth Warren, the Democratic Senator who is known as a fierce crypto critic, is now part of an effort by lawmakers to learn more about the energy use of crypto mining. The new initiative aims to increase the transparency requirements for crypto mining companies, particularly when it comes...

Kazakhstan's President Signs Legislation to Limit Energy Usage of Crypto Mining

7.2.2023
The new legislation also calls for government-approved mining pools

Crypto mining firms Hut 8 and US Bitcoin plan merger

7.2.2023
The merger, which will create the company 'New Hut', is still subject to court and regulatory approval by U.S. and Canadian authorities

Crypto Miners Blamed for Abkhazia Power Outages

7.2.2023
Major power blackouts in Abkhazia have been blamed on illegal crypto miners, marking a fresh setback for the region. News headlines have been dominated by bitcoin (BTC) and altcoin mining in recent years in the de facto Caucasus-based state. Abkhazia sits in the northwestern corner of Georgia...

Russia Expands Its Crypto Mining Capacity, Report Reveals

5.2.2023
The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major...

Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading

4.2.2023
Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks...

Core Scientific to Hand Crypto Mining Rigs to NYDIG to Extinguish $38.6M in Debt

3.2.2023
NYDIG had previously said it would object to a $70 million lifeline loan for Core if its own deal wasn't finalized

Police Raid ‘Illegal Marijuana Plantation’ – But Find BTC Mining Farm Instead

2.2.2023
Spanish police got more than they bargained for when they went in search of a marijuana farm – and ended up unearthing an illegal bitcoin (BTC) mining operation instead. Per Xataka and an official police report, officers were investigating what they initially thought was an “indoor marijuana...

Russian Crypto Mining Fraudster Jailed for Four Years

2.2.2023
A Russian man has been sent to prison for four years for crypto mining-related fraud. Per the media outlet 56 Orb, the man is a 47-year-old resident of Orenburg, a southwestern city near Russia’s border with Kazakhstan. A court in the city heard that the man duped a local entrepreneur into...

Crypto-friendly bank ends loans backed by crypto mining rigs

1.2.2023
After a bullish 2021 crypto miners sought out loans to allow them to expand, a move which has since backfired following difficult market conditions in 2022

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

31.1.2023
The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan...