Russia Cracking Down on Crypto Miners Minting in Residential Areas

Russia Cracking Down on Crypto Miners Minting in Residential AreasRussian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution […]

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Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail Properties

Real Estate Billionaire Buys Bitcoin, Accepts BTC for Rent Payment at His Residential and Retail PropertiesBillionaire real estate mogul Rick Caruso has revealed that his company has invested in bitcoin for its treasury and will begin accepting the cryptocurrency for rent payment at its properties. Among the tenants of one of his properties is Elon Musk’s Tesla. Caruso said, “We believe that cryptocurrency is here to stay.” Caruso Going the […]

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Another US City Imposes a Moratorium on Crypto Mining

Another US City Imposes a Moratorium on Crypto MiningThe city of Salamanca in the U.S. state of New York is reportedly establishing a moratorium on cryptocurrency mining operations in the city. This will stop crypto miners from “using up all the residents’ power and effectively make all of them get a price increase on their utility bills,” a member of the city’s council […]

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