Kazakhstan proposes power price hikes and taxes targeting crypto miners
The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners.
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Kazakhstan Extends Power Cuts for Cryptocurrency Miners
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as…
Kazakhstan Shuts Down Crypto Mining Farms Till February
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the…
Russian finance ministry official calls for crypto regulation, not restriction
Russian Finance Ministry official Ivan Chebeskov has opposed the proposed ban of cryptocurrency operations in Russia.
Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system
Bitcoin’s hash rate hits new all-time highs as Jack Dorsey tweets that Block is “officially building an open Bitcoin mining system.”
Spanish Deputy Suggests Spain Might Attract Kazakhstan Miners
Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their…
Crypto Biz: The rise of the Bitcoin treasury, Dec. 30–Jan. 6
Michael Saylor’s MicroStrategy showed corporations that holding Bitcoin on their balance sheet is a viable strategy to hedge against inflation.
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces…
Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners
The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving…