Malaysia Loses Over $700 Million Worth of Electricity to Illegal Crypto Miners, Says Minister

According to a government minister, Malaysia lost $727 million worth of electricity stolen by illegal crypto miners between 2018 and 2023. The minister also warned that power companies have methods to detect... Read more »

Bank of Russia Discusses Conditions of Upcoming Stablecoin Regulation

The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is... Read more »

Bloomberg Analyst Discusses Solana ETF Deadline and Election Impact

A senior Bloomberg ETF analyst says the final deadline for the approve of solana exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) will be mid-March 2025. He stressed that... Read more »

Clandestine Bitcoin Mining Survives Government Ban in Venezuela, Albeit at Small Scale

According to local reports, clandestine bitcoin mining is thriving again in Venezuela, albeit at a small scale after the government ordered to disconnect all Bitcoin mining operations from the power grid. Local... Read more »

Bitcoin Miner Hut 8 Secures 205 MW Power Agreement in Texas

Bitcoin miner Hut 8 Corp. has entered into a definitive power purchase agreement for a site in West Texas. The agreement provides Hut 8 with 205 megawatts of power capacity, marking the... Read more »

Messari Declares Independence From SEC — Calls Chair Gensler Incompetent and Corrupt

Crypto intelligence platform Messari has declared independence from the U.S. Securities and Exchange Commission (SEC). CEO Ryan Selkis calls SEC Chair Gary Gensler incompetent and corrupt. Messari plans to challenge the SEC’s... Read more »

Rising Power Fees Begin to Drive Bitcoin Mining Companies From Paraguay to Argentina

The recent increase in power fees enacted by the National Power Administration of Paraguay (ANDE) has bitcoin mining companies seeking alternatives in neighboring countries, such as Argentina and Brazil. A joint venture... Read more »

North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies

The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the... Read more »

Bitcoin Network Sees Second Largest Difficulty Reduction of 2024

On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty... Read more »

Canadian Regulator Probe Determines That Liquitrade Operates an Illegal Crypto Exchange

The British Columbia Securities Commission (BCSC) said its investigation into Liquitrade’s crypto asset trading platform found that the company operated an illegal exchange. The probe also determined that users were trading contractual... Read more »
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