Category: mining

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Another Post-Soviet Jurisdiction Welcomes Crypto Miners

Another Post-Soviet Jurisdiction Welcomes Crypto MinersFollowing in the footsteps of counterparts from former Soviet countries, government officials in Transnistria have attempted to create crypto-friendly environment in their disputed republic. Newly adopted legislation legalizes cryptocurrency mining and provides incentives for foreign investors. Entrepreneurs, invited to set up mining facilities, are not even required to register a local company. They can take […]

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Montana is Home to New 53 Acre, $75 Million Bitcoin Mining Facility

Montana is Home to New 53 Acre, $75 Million Bitcoin Mining FacilityThis week, the cities of Butte and Anaconda, Montana, learned bitcoin mining company Crypto Watt LLC secured 53 acres on which they plan to invest at least 75 million USD to facilitate the process of how the world’s most popular cryptocurrency’s transactions are authenticated and confirmed.   Also read: Nassim Nicholas Taleb vs David Birch on […]

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Bank of Russia Allows Crypto Mining But Proposes Miners Sell Their Coins Overseas

Bank of Russia Allows Crypto Mining But Proposes Miners Sell Their Coins OverseasThe Bank of Russia said it will allow cryptocurrency mining in the country, given tax, control, and reporting considerations. However, the central bank also proposes for crypto miners to sell their coins overseas, which will still oblige them to pay taxes. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bank of Russia Allows […]

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AMD Increases GPU Production to Match Crypto Mining Demand

AMD Increases GPU Production to Match Mining DemandResponding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining gaining popularity among investors and enthusiasts. The revenue from the company’s Graphics Division has reached almost a billion dollars in the […]

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Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency Petro

Venezuela Announces Whitepaper and Pre-Sale of Its Oil-Backed Cryptocurrency PetroVenezuela’s president Nicolás Maduro has announced the pre-sale of his country’s national oil-backed cryptocurrency, the petro. In addition, he has presented and signed the official petro’s whitepaper and unveiled the Petro Container for mining the new currency. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Pre-Sale of Petro During the meeting of […]

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Sberbank to Bypass Russian Regulations and Trade Cryptocurrencies Overseas

Sberbank to Bypass Russian Regulations and Trade Cryptocurencies OverseasThe largest bank in Russia, the state-owned Sberbank, has reportedly announced its plans to bypass the Russian cryptocurrency regulations and offer crypto trading to customers overseas. The bank is looking at trading pairs of the most liquid and well-known cryptocurrencies. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bypassing Russian Regulations At a […]

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