Tag: Crypto Mining

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, […]

Cryptocurrency mining has been a major issue for nations that hesitate while legalizing crypto mining. The major reason for this includes the environmental damage mining brings, simply called the crypto carbon footprint. To reduce this, Ripple has announced a partnership with Netnet Renewable Energy.  A few months back, Elon Musk made a public announcement that […]

Bitmain, one of the biggest manufacturers of crypto mining equipment from China, has announced that it will cease to ship Antminer minings rigs to customers in mainland China. It is pretty evident that the reason for this sudden decision is the recent ban that the government put on crypto-related activities, including cryptocurrency mining.  From October […]

Chinese regulatory bodies has pushed its stance on cryptocurrencies to extremes as a recent report claims that China is adding crypto mining to the “Negative List” of firms in which investors can’t put in their money.  China’s harsh stance on cryptocurrencies is widely known. Until recently, China has banned everything related to cryptocurrencies in the nation. […]

The Kyrgyzstan government has raised electricity rates for crypto miners in country as part of the recent revision of its electricity tariffs for various groups of consumers. Authorities in Bishkek has given their explanation regarding the increment, arguing that it was indeed necessary give the massive amount of energy the coin minting process uses. Crypto […]

Crypto crackdown pressure China is at its peak as the authorities tighten their fists. Inner Mongolia, a province in China, Chinese regulatory authorities seized around 10,100 mining rigs from a tech park that operated under the law. A few months earlier, China placed a similar crackdown on mining rigs and farms in the country, driving many operations […]

As part of its strong policy against illegal mining operations, the Chinese authorities have Confiscated almost 7,000 ASIC crypto miners that were illegally consuming electric power in the region of Tangshan. According to Cointelegraph, the confiscation was part of an inspection made by local authorities to more than 70,000 households, 1,470 communities, and 3,061 merchants, […]

A 29-year-old man from Singapore faces 34 years in prison after Illegal Crypto Mining allegedly stealing Amazon AWS and Google Cloud computing power and services to mine crypto. Stole Victims’ Information to Illegal Crypto Mining Ho Jun Jia also known as Matthew Ho was taken into the custody of the Singapore Police Force on September […]

Blockchain networks are usually formed by users who create and maintain the entire infrastructure. Blockchain networks offer them rewards or incentives to maintain and support the network for smooth operations. Crypto Staking – A Passive Way to Earn Income There are two types of these rewards system: Staking Mining What is Crypto staking? Staking is […]