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Russia’s State Duma has advanced a bill to regulate cryptocurrency mining, aiming to curb illegal activities and promote investment and employment. Proposed by the chairman of the Duma Committee on Financial Markets and supported by key deputies, the bill mandates strict guidelines for miners, including registration and government oversight. If passed, the law will take … Read more
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud, hot, and “suck up a ton of electricity, which can crash the power grid.” Go to Source
Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%. This strategic move comes amid shifting … Read more
David Fischer, manager of a Texas site for Marathon Digital, was acquitted on charges alleging the site violated local noise ordinances. Go to Source
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American … Read more
The Russian State Duma is considering a bill related to cryptocurrency mining and sales, but the legislation is not expected to be approved by fall. The bill aims to legalize crypto mining and allow the sale of mined digital currency. Currently, cryptocurrency cannot be used for settlements in Russia. The proposed law specifies that digital … Read more
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp due to its capability to power generative AI applications with its high-performance computing. Go to Source
LandBridge has a huge amount of land in the middle of America’s oil country, but it also says it can make big money off crypto miners. Go to Source
Riot shares recovered from more than a 9% dip in the first hour of trading following a damning report from short seller Kerrisdale Capital. Go to Source
Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it. Go to Source
