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US Lawmakers Call for More Oversight of Cryptocurrency’s Environmental Impacts

Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with…

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Gas-to-Bitcoin Mining Firm Crusoe Energy Systems Raises $505 Million

On Thursday, the bitcoin mining and flare gas mitigation firm Crusoe Energy Systems Inc. revealed it secured $505 million in new capital from strategic investors. According to the announcement, the…

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Russia Could Mine Bitcoin and Other Cryptocurrencies to Evade Sanctions, IMF Warns

Russia could use cryptocurrency mining to evade sanctions, according to the IMF. The IMF warned in its new report that sanctioned countries like Russia could use cryptocurrencies and significantly boost…

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Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design

Following Bitmain’s product introduction of two new application-specific integrated circuit (ASIC) bitcoin mining rigs, the mining devices manufacturer Microbt has announced the launch of two new miners as well. Revealed…

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Greenidge Generation’s Bitcoin Mining Operations in New York Still in Doubt

Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation…

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Iran Doubles Down on its War Against Illegal Crypto Miners (Report)

The Iranian authorities will reportedly impose harsher penalties on illegal cryptocurrency miners as some operators could even go to jail. Before that, the officials banned all digital asset mining endeavors…

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