A bipartisan group of US lawmakers are again pushing a bill to keep key crypto infrastructure — such as validators and miners — from being considered brokers once and for all. House Financial Services...
Tag: crypto mining
Mississippi Bill Legalizes Bitcoin Mining in Residential and Industrial Areas
Mississippi Senate lawmakers have passed a bill that makes cryptoasset mining legal and protects miners from biased energy rates. Senator Josh Harkins introduced the bill to the House, stating that di...
What Is A Crypto Miner And How Does Bitcoin Mining Work?
Bitcoin mining farm Getty Key takeaways The confusing world of crypto mining is all about computers, electricity and equations Hash rates and mining difficulty can show if the market is weak or strong...
Expect More Bitcoin Miners To Go Bankrupt in 2023
It’s no secret crypto miners are struggling, and more casualties are expected next year. But as the bear market trudges on, not all companies in the segment face dire circumstances, industry watchers ...
Argo Blockchain Warns Bankruptcy Still on the Table
The crypto mining sector is continuing to suffer from low crypto prices and rising energy costs. Argo Blockchain warned on Monday that it’s threatened by the risk of holding “insufficient cash” ...
GPU miners left searching for profit post Merge
Miners searching for new blockchains in the wake of Ethereum’s Merge are struggling as intense competition for blocks reduces profitability. With Ethereum’s move away from proof-of-work based GPU mini...
Paraguay’s president vetoes proposed crypto industry regulation
Paraguay’s president vetoed a bill that would regulate commercial activities related to digital assets, including crypto mining. President Mario Abdo Benítez voted down the bill in full, according to...
SEC blocks $62 million crypto-mining scam
The US Security Exchange Commission (SEC) has blocked a $62 million crypto-mining and trading scam. Not only that, in an interview, SEC Chairman Gary Gensler criticized cryptocurrency exchanges and st...
Mining Capital Coin CEO Indicted for $62 Million Crypto Scam
The US Department of Justice announced on Friday that the CEO of Mining Capital Coin, dubbed ‘MCC,’ a crypto mining Crypto Mining Cryptocurrency mining is defined as the process through which the tr...
U.S. Treasury Sanctions Russian Crypto Mining Operation Amid New Token Launch
In a press release today, the U.S. Department of the Treasury is taking action against companies in Russia’s virtual currency mining industry. The Office of Foreign Assets Control (OFAC) designated Bi...
Kazakhstan Is Cracking Down on Illegal Crypto Miners, 13 Crypto Farms Disconnected
Kazakhstan is cracking down on illegal crypto miners. The energy authority reported it has traced and disconnected 13 crypto mining farms in the country. These crypto miners operated without proper au...
Why You Should Consider Crypto’s Potential, Plus The Crimes And Carbon Footprint Involved
getty The nascent crypto ecosystem remains unregulated in the United States, which poses some serious risk for crypto traders… and, evidently, the planet. While crypto had quite the popular year in 20...