China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations
The province of Hainan in South China has taken steps aimed toward curbing crypto mining actions. Besides blacklisting the business, native authorities are additionally introducing...
Russia, Ukraine Shut Down Several Cryptocurrency Farms
Authorities in Russia and Ukraine have closed down quite a few unlawful crypto mining amenities allegedly powered by stolen electrical energy. The underground farms have...
More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan
Authorities have to broaden the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has recommended. The extra guidelines ought to streamline...
Data Shows a Myriad of Crypto Networks Are More Profitable to Mine Than Bitcoin
As the top of the yr approaches, digital forex values have risen an ideal deal in 2021 and crypto asset miners have been profiting because...
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this yr, induced a large migration of mining enterprises to friendlier jurisdictions. Miners have been transferring...
While BTC’s Hashrate Climbs Higher, Bitcoin’s Mining Difficulty Nears All-Time High
During the last 90 days, Bitcoin’s hashrate has been climbing higher and has been slowly nearing the all-time high (ATH) the network captured six months...
Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a...
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue...
Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs
Authorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto...
Russian Officials Back Idea of Recognizing Crypto Miners as Entrepreneurs
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have...