Tag: Crypto Mining

The midwestern U.S. state, North Dakota has stolen the show at the Bitcoin 2022 conference in Miami. It aims to lure crypto miners into their greener pastures with the promise of the “cleanest crypto on the planet.” The North Dakota Commerce Department spent $35,000 on the trip, claiming that its attendance at the conference would yield a […]

This Friday, Bitcoin mining firm and infrastructure startup, Prime Blockchain Inc announced that it is going public in the United States by striking a partnership deal with a blank-check firm. The company, which operates data centers and crypto mining operations in North America and runs under the name PrimeBlock, said that it is merging with […]

Amsterdam-based Blockchain firm Bitfury has opened a new crypto-mining data infrastructure in Ontario, Canada. The new crypto mining hub joins the existing mining operations in Drumheller, Alberta, and Medicine Hat, Alberta. Bitfury has joined hands with a budding Bitcoin mining firm, Hut 8 Mining, which is registered on the Toronto Stock Exchange. The partnership aims […]

California-based multinational corporation and technology company Intel (NASDAQ:INTC) is entering the crypto space. On Friday, the senior vice president of Intel’s accelerated computing systems and graphics group, Raja M. Koduri, announced that the company intends to contribute to the growth of blockchain technologies, starting with the launch of energy-efficient crypto mining accelerators later this year.  He said […]

Merkle Standard, the privately held crypto miner, will be one of the first in the United States to receive Bitmain’s newest mining rig, the S19 Pro+ Hydro, which uses liquid cooling technology and is a dream for many mining companies. Amid the intensive questions asked on the harmful effects, mining has, the new cooling system […]

Miners are looking for other nations to continue their activities after China’s mining crackdown decision. Some were lured to Argentina by promises of lower expenses. However, in the province of Tierra del Fuego, the country’s government has implemented new fees for crypto miners. Argentina’s Ministry of Economy’s Energy Secretary released and proclaimed Resolution 40/2022, which eliminates government […]

American digital currency mining and power generation company, Greenidge Generation Holdings Inc has unveiled its plans to establish a new cryptocurrency datacenter in Spartanburg County, South Carolina. According to the company, the new mining site is worth $264 million and will provide approximately 40 direct jobs in the tech sector. The new data center is […]

Fitch Ratings, a global credit rating firm, has given a notice to public power utilities across the United States, stating that crypto mining poses a risk to their power production. Only utilities in areas like Washington, which have excess generation capacity, may be able to cover the power requirements of many crypto mining operations, according […]

Winter beckons in many countries around the world and in a bid to prepare for the coldest months, the Iranian power authority has cut energy supply to licensed cryptocurrency miners operating in the country. As reported by a local news channel, the move was made known by Mostafa Rajabi Mashhadi, chairman of the board and […]

Landsvirkjun, the renowned National Iceland electrical firm, has decided to cut the amount of power it will provide for several industries, including Bitcoin mining and aluminum smelting. After a series of challenges, including a failure at a power plant, low hydro-reservoir levels, and receiving energy from an external provider, the island’s power utility has been […]

El Salvador, the first country to accept Bitcoin as legal tender, has partnered with Bitfinex and Blockstream to continue its pro-crypto stance. The President of the nation, Nayib Bukele, hasn’t put a ban on crypto mining, and according to a statement by Blockstream, he wants to “accelerate hyperbitcoinization and bring about a new financial system […]

Kassym-Jomart Tokayev, the president of Kazakhstan, talked about his opinion on the current situation of the cryptocurrency industry in the country during the meeting with the financial sector’s representatives in Almaty on November 19. The official website of the Republic of Kazakhstan’s President displayed the complete details of the speech. TheCoinRise translated the outlines of the speech […]

A Chinese official has reportedly been barred after allegedly abusing his administrative powers to undermine a standing political order of his party — the Chinese Communist Party CCP. Chinese Official Expelled By Central Committee Identified as Xiao Yi, the man who is also a high-ranking provincial official from Jiangxi province of China was  expelled by […]

Sweden’s Financial Supervisory Authority (FSA) has called for a ban on “energy-intensive” cryptocurrency mining for tokens based on proof-of-work consensus. The monetary authority requested the European Union to put a cap on the crypto mining projects occurring throughout the region, for they seem to consume too much energy.  In their statement, the FSA pointed out that […]

After starting its Bitcoin mining operations in September, the new U.S based crypto mining company PrimeBlock, has started hiring its first management team. PrimeBlock Appoints Former Wall Street Execs PrimeBlock announced on Thursday that it has appointed former Goldman Sachs VP, Gaurav Budhrani as the company’s CEO. Budhrani spent more than a decade at Goldman, […]

Kazakhstan has introduced regulations to limit how much retail investors can put into cryptocurrency investments using crypto exchanges. This was contained in a report published by local news outlet Kapital.kz. According to Kapital, the regulatory limits rook effect on October 26, 2021. Based on the regulation, retail investors can invest up to $1000 monthly without […]

Permits For Crypto Mining Denied New York State Governor, Kathleen Hochul has had a group of local businesses demanding her to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request which came in letter form had signatories from a number of business organizations, as well as labor groups. […]

China’s southward region police bust a gang of people laundering the stolen money using cryptocurrencies. As per the media reports, the theft involves 800 million Yuan (around $124 million). The case is from China’s Guizhou province’s city, Zunyi, and the authorities were working on it for about two months. According to a local media channel, […]