Russia’s Chamber of Commerce has recommended to the government that it should legalize crypto mining and recognize it as a business. Russian media outlets reported that the Head of the Russian Chamber …
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Putin: “The volatile nature of crypto poses risks to investors, but digital asset mining could be beneficial to Russia”
The President of the Russian Federation – Vladimir Putin – agreed with the country’s central bank that digital assets are highly volatile and pose several risks to the financial network. …
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Teslas may be paying for themselves as their owners start mining crypto
Tesla owners are now mining crypto using the power from their cars. The electric vehicle company is arguably the most recognizable name in the EV industry and has found major …
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East China’s Zhejiang province busts dozens of state-owned entities for mining cryptocurrency
An internet authority in East China’s Zhejiang province has identified in July 4,699 IP addresses in the province that were involved with cryptocurrency mining, and among them 183 addresses were …
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China-based Bitmain is set to launch a new Bitcoin miner with a touted hash power of 150 TH/s
China-based Bitmain, the world’s largest Bitcoin mining equipment manufacturer, is set to launch a new, more efficient Bitcoin miner, a source familiar with the matter told The Block. The miner …
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Cryptocurrency miners are stockpiling Bitcoin and Ethereum rewards
On-chain metrics and company production reports show that Bitcoin and Ethereum miners are holding off from selling their mining rewards. The value of crypto held by miners has reached new …
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Russian Duma is moving to regulate cryptocurrency mining as business
As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee …
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Lukashenko advises mining cryptocurrency instead of working low-paid jobs abroad
Belarusian President Alexander Lukashenko suggested that workers should mine cryptocurrencies in their native country instead of going to Poland and Germany to fill low-paid jobs. At a staff gathering at …
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Google to remove and ban 8 fake crypto mining apps
A handful of illicit apps were removed and banned from Google’s Play Store after they were determined to be misleading users. According to the security research firm, Trend Micro, more than 120 similar …
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Bitcoin (BTC) mining revenue skyrockets to $33 M daily following China crackdown
The China crackdown on Bitcoin Miners is now proving to be a blessing in disguise. After two months of the issue, surviving mining firms are now minting huge profits from …
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