Crypto Mining

An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.

IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...

Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.

Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.

The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, the Enforcement Directorate said on Wednesday.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.

An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.

IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...

Ahead of India’s upcoming Union Budget for FY2024-2025, Dilip Chenoy, the chairperson of this Web3 advisory body, said that the industry is ready to be patient and give the government enough time to access the results of imposing crypto taxes. This period of wait however, has concerned the BWA about the exodus of Web3 talent from India.

Riding on the crypto wave, several states in the US have started inviting businesses related to crypto mining. In the latest development, the governor of Louisiana has signed a bill to foster the growth of businesses related to crypto mining activities in the state.

The government of Venezuela has joined forces with the national electrical system to identify and disconnect crypto mining farms from the power grid in the course of the coming few days. The Venezuelan Ministry of Electrical Energy (MPPPE) has already kick started a power supply control plan to bust crypto mining clusters.

Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.

Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.

Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.

A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, the Enforcement Directorate said on Wednesday.

The Supreme Court has refused to entertain a petition seeking a direction to the Centre and others to frame guidelines for regulation of trading and mining of cryptocurrencies. A bench headed by Chief Justice D Y Chandrachud said the main reliefs sought in the plea were more in nature of a legislative direction.

Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...

Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.

The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.

Intel on Tuesday announced it has discontinued production of its bitcoin mining chip series. The company has stopped making its Intel Blockscale 1000 Series ASIC, just a year after it was introduced, but says it will continue to support customers.