Tether Confirms Uruguay Bitcoin Mining Exit
Tether is shutting down its Bitcoin mining operations in Uruguay. The company behind USDT, the world’s biggest stablecoin, confirmed on Friday that it’s paused operations...
Tag : Bitcoin Mining
China Becomes World’s Third Biggest Bitcoin Mining Hub
China supposedly killed off crypto mining back in 2021 when they banned it completely. Then in September that year, they went even further and outlawed...
New York Bill Seeks Bitcoin Mining Tax to Fund Energy Aid
New York just introduced bill S.8518 that would slap taxes on proof-of-work cryptocurrency mining operations like Bitcoin, with the money going straight toward helping residents...
Renowned Bitcoin Miner Core Scientific Files For Bankruptcy
Core Scientific, a once-prominent Bitcoin miner, is the latest to announce its intention to seek Chapter 11 bankruptcy protection in Texas. After the failure of...
Nigeria Is Considering Legalizing Bitcoin Use
According to a local Nigerian newspaper, Babangida Ibrahim, head of the Nigerian House of Representatives Committee on Capital Markets and Institutions, the government would soon...
Electricity Crisis Causing Mining Problems in Cuba
Due to the Caribbean island’s electrical issue, crypto mining in Cuba has been halted for some time. Several sections of Cuba have endured frequent blackouts,...
A $500 Million Bitcoin Mining Lending Pool Has Been Launched by Binance
Binance has announced a $500 million loan pool, the biggest cryptocurrency exchange in the world, as the industry struggles to keep up with energy costs,...
Study Shows Bitcoin Mining’s Climate Damage Is Comparable to that of Beef and Fossil Fuels
In a recent study published in Scientific Reports, researchers report bitcoin’s environmental effects are similar to those of well-known pollutants such as cattle ranching and...
New York passes a law that restricts the mining of bitcoins
Legislators in New York have enacted a measure that prohibits new bitcoin mining businesses for the time being. In a 36-27 vote early Friday morning,...
Iran Allegedly Seizes 45K Illegally Run Bitcoin Mining Machines
Iran– Bitcoin mining machines that were supposedly being used illegitimately have been seized in Iran by the authorities. The machines were allegedly used illegally subsidized...