Auto Added by WPeMatico

US Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils

U.S. diplomats have reportedly called on authorities in Tokyo to increase pressure on Japanese crypto exchanges and miners to sever links to Russia. The request was made to deepen Moscow’s…

Continue ReadingUS Asks Japan to Pressure Crypto Exchanges, Miners Working With Russia, Report Unveils

Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility

According to Lancium Inc., a crypto mining infrastructure firm, the company has signed a deal with the Texas battery-storage provider Broad Reach Power LLC. Broad Reach Power plans to supply…

Continue ReadingBitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility

Bank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

The Central Bank of Russia would agree to the legalization of cryptocurrency mining, provided the proceeds from the activity are converted to fiat outside of Russia. The regulator’s latest position…

Continue ReadingBank of Russia Ready to Legalize Crypto Mining If Miners Sell Minted Coins Abroad

Uzbekistan Presents Registration Requirements for Cryptocurrency Miners

Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want to mint digital currencies will…

Continue ReadingUzbekistan Presents Registration Requirements for Cryptocurrency Miners

Mining Ban Sparks Negative Reactions From Iran’s Crypto Community

The recently reintroduced seasonal ban on cryptocurrency mining has provoked backlash from the local crypto community. This week, the country’s power distribution company ordered miners to suspend activities citing electricity…

Continue ReadingMining Ban Sparks Negative Reactions From Iran’s Crypto Community

Hardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

Russian law enforcement is looking into the alleged theft of mining hardware valued at around $1.9 million. The powerful computing equipment disappeared from a crypto mining hotel in Irkutsk, the…

Continue ReadingHardware Worth $1.9 Million Stolen in Russia’s Crypto Mining Capital

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid…

Continue ReadingIran to Shut Down Crypto Mining Farms Amid Record High Power Demand

Bitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

Russian crypto mining operator Bitriver will use electricity generated from associated gas provided by Gazprom Neft to mint digital coins. As part of a new agreement, the mining company will…

Continue ReadingBitriver to Mine Crypto Using Excess Gas From Gazprom Neft’s Oil Extraction

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the…

Continue ReadingKazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to…

Continue ReadingCrypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests