Ivan Turogin and Sergei Potapenko are suspected in a $575 million fraud case, but they can’t be exposed to U.S. detention conditions.
Category: Cloud Mining
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Dropbox ditches unlimited storage offering, blaming crypto cloud miners
The storage platform turned to metered storage after discovering its Advanced plan was being used by some for crypto mining and other resource-intensive tasks.
Binance launches Bitcoin mining cloud services amid SEC crackdown in the US
Crypto exchange Binance is currently selling 1 Terahash per second (Th/s) at $10.7280, which is split between the hashrate and electricity costs at $1.17 and $9.558 respectively.
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Crypto mining in 2023 — Is it still worth it? Watch Market Talks
Join us as we discuss whether cryptocurrency mining is still worth it in 2023 and all the latest updates regarding the mining industry.
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Cloud mining firm BitFuFu postpones merger with SPAC until May
Bitfufu’s plans to go public have been delayed for the second time. The company is the cloud mining arm of Chinese mining giant Bitmain.
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Binance’s Cloud Mining affected by extreme weather conditions in North America
Users’ subscriptions to cloud mining products have been extended for three days due to the power outage.
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Microsoft bans cryptocurrency mining on cloud services
Microsoft now requires users to obtain a written pre-approval from the firm in order to use Microsoft Azure for mining cryptocurrencies like Bitcoin.
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HashFlare founders arrested in ‘astounding’ $575M crypto fraud scheme
The HashFlare founders have been charged for their alleged involvement in a crypto fraud and money laundering conspiracy.
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Hetzner anti-crypto policies: A wake-up call for Ethereum’s future
The terms of services, laid down by Ethereum’s second-biggest host Hetzner, prohibits customers from running nodes, mining and farming, plotting, storage of blockchain data and trading.
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How to build a passive income stream from cloud mining?
Cloud mining is a far safer way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware.
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