Egypt Struggles With Skyrocketing Inflation and Depreciating Currency, While Bitcoin Nears Record High within the Country
According to the Egyptian Statistics Bureau, Egypt’s annual inflation fee hit 36.8% in June, a staggering 33.7% improve from May’s inflation fee, breaking data. Egypt,...
Hong Kong to Have Tight Crypto Regulations, Head of Monetary Authority Says
Companies attracted by the plan to show Hong Kong right into a hub for digital belongings ought to count on strict laws, the area has...
At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region
Authorities within the Russian area of Irkutsk have to this point filed 1,000 lawsuits in opposition to what they name “gray” miners, or individuals minting...
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are briefly suspending the connection of recent crypto mining services to the facility grid. The Canadian province, which depends closely on hydroelectric...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
Electricity suppliers within the Russian area of Irkutsk have registered a surge in energy consumption in residential areas which they’re blaming on cryptocurrency mining. Planes...
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
The most important utility firm in Irkutsk is seeking to accumulate nearly $800,000 from homeowners of crypto farms which have allegedly precipitated a spike in...
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town
A document excessive consumption of electrical energy blamed on unlawful crypto farms in northwestern Georgia has caught the eye of authorities within the capital Tbilisi....
Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates
A Russian energy utility has discovered a technique to improve electrical energy costs for customers mining cryptocurrency utilizing family electrical energy. The regional distribution firm...
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...
Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko
The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against...