Heatwave and Debt: Laos Suspends Crypto Mining Operations Amid Rising Power Demands
In latest developments, Electricite du Laos (EDL) introduced on August 24 that the facility firm shut down cryptocurrency mining actions. This choice got here after...
Farmington Bank Faces Fed Wrath: Alameda-Backed Financial Institution Ordered to Shutdown
In a press release launched August 17, 2023, Farmington State Bank, with an funding from Sam Bankman-Fried’s Alameda Research, consented to a stop and desist...
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
Canaan, a number one high-performance computing agency and mining rig producer, not too long ago disclosed hurdles set to dent its bitcoin mining actions and...
Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access
Since the collapse of three American banks pleasant to cryptocurrency companies and the U.S. authorities’s insistence that crypto property are “risky investments,” many speculators imagine...
Kazakhstan Shuts Down Crypto Exchange That Transferred $34 Million Through Binance
Authorities in Kazakhstan have busted an unlawful crypto buying and selling platform, seizing over $350,000. The trade allegedly processed virtually $34 million in transactions via...
Localbitcoins, the Pioneer P2P Bitcoin Exchange, Shuts Down After a Decade of Service Due to Crypto Winter
Localbitcoins, the Helsinki, Finland-based bitcoin change based in 2012, is closing operations after over a decade of service. The firm’s operators attribute the shutdown to...
Wyre Announces Modification of Withdrawal Policy, Pushing Topps to Temporarily Suspend NFT Marketplace Transactions
Following stories that the crypto funds agency Wyre was shutting down operations, CEO Ioannis Giannaros provided a contradicting story, stating that the agency was merely...
Crypto Exchange Bitfront Shuts Down Amid Industry Challenges
Cryptocurrency alternate Bitfront has introduced its intention to stop operations within the coming months, citing challenges going through the trade. The U.S. buying and selling...