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.
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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…
Power Deficit Forces Crypto Miners to Leave Kazakhstan
Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on…
Kazakhstan’s central bank reports results on CBDC pilot project
The National Bank of Kazakhstan said it plans to present some of the results of the CBDC study to stakeholders in July 2022 and reaching a decision on launching a…
Kazakhstan to decide whether to launch CBDC by late 2022
One of the world’s biggest Bitcoin mining countries is still thinking about whether it needs a central bank digital currency.
More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan
Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the…
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting…
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution
The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved.
This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger.