Authorities in Russia are discussing two very different approaches to the regulation of cryptocurrencies and related activities. While the Bank of Russia is reportedly seeking to introduce a ban on buying crypto assets, lawmakers are moving forward with efforts to adopt rules for mining, exchange, and taxation that would effectively legalize cryptocurrencies. Russian Officials Debate…
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The application-specific integrated circuit (ASIC) bitcoin mining rig manufacturer Canaan has announced the company has secured a follow-on contract from Genesis Digital Assets for 30,000 mining machines. The sale is part of an agreement between Canaan and Genesis that gives the mining operation the option to purchase up to 180,000 ASIC bitcoin mining rigs. Canaan…
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Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The industry cannot rely on support from the state, another high-ranking parliamentarian has added. Unauthorized Use of Power…
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Russian lawmakers’ seemingly endless quest to introduce crypto regulation in the country could culminate in a complete ban on the ownership and purchase of coins, says the elusive regulation’s chief architect…. Read More: Russia: Total Ban on Crypto Ownership Still on Table, Says Top Official Read more »Pay, Trade, Buy Bitcoin with Credit Card
Russian crypto miners say they want their industry to be legalized – and hope that official status could help them avoid spats with power providers. Lenta reported that the situation for miners in the Irkutsk Oblast in Siberia has deteriorated of late…. Read More: Russian Crypto Miners Tell Lawmakers: ‘Hurry up and Legalize Our…
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A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the…
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With all of the new capacity that is being promised by major bitcoin (BTC) miners, the bitcoin network’s hash rate – or the computing power that goes into mining new coins – is likely to grow twice the current number over the following year, suggested Dave Perrill, CEO of mining infrastructure provider Compute North.…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: More Banking Giants Eye Crypto, New Investment Products, US Debt Ceiling + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________ … Read More: Bitcoin-focused NYDIG Raises USD 1B, Golden State FTX, Bitfinex Recovers 6 BTC + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts…. Read More: Chinese Courts Sentence…
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