Coinmint to Invest up to $700 Million in New York Mining Center

Coinmint to Invest up to $700 Million in New York Mining CenterCoinmint has announced it commenced operations at its newest crypto mining facility in New York. Operated via its wholly owned subsidiary, North Country Data Center Corporation, it is already mining several cryptocurrencies including bitcoin, dash and ether. Also Read: Police Forces Bust Alleged “New Age Cryptocurrency” Scam in India Mining Operations Come Online Located at a […]

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Vietnam Proposes Import Ban on Bitcoin Mining Equipment

Vietnam Proposes Import Ban on Bitcoin Mining EquipmentVietnam’s Ministry of Finance has officially proposed that the country bans the import of cryptocurrency mining equipment. Bitcoin mining rigs are currently easily imported into Vietnam. This proposal follows the largest crypto fraud case in the country involving over $656 million and more than 32,000 victims. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Ministry […]

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Japan’s GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs – On Sale Tomorrow

Japan's GMO Unveils Specs and Price of 7nm Bitcoin Mining Rigs - On Sale TomorrowJapan’s GMO Internet has unveiled the price and specs of the GMO miner B2 equipped with 7nm ASIC mining chips. The mining capacity is 24 TH/s and the price of the machines will be adjusted monthly according to demand. Using GMO’s mining rigs, the power consumption can be reduced up to 20% and the cost […]

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Indonesia to Regulate Cryptocurrencies as Commodities

Indonesia to Regulate Cryptocurrencies as CommoditiesCryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation. Also read: Crypto […]

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Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to InvestorsIn recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was shot by gangsters after failing to deliver on returns on the gang’s investment into his […]

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