Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.” Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in the region. This creates very few jobs or economic opportunities,…
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TON Foundation has partnered with HashKey to support the “open network” and “increase access” to fiat on and off-ramps for Telegram wallet users in the Asia-Pacific Region. In an announcement, TON Foundation and HashKey said they will continue to work together to improve the TON ecosystem’s accessibility and user experience as part of their shared…
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Russian police have seized over 3,200 crypto mining rigs in raids on four large “illegal” data centers in Siberia. Per the Novosibirsk branch of the Russian power provider Rosseti (via RBC Crypto), police officers have charged the mining center operators with criminal charges. Illegal Crypto Mining ‘Network’ Shut Down in Novosibirsk Rosseti said the centers…
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HashKey CEO Livio Weng criticized Hong Kong’s recent regulations around crypto trading, expressing concerns that they may impede access for international clients. Hong Kong’s regulatory framework mandated that all crypto exchanges operating within the city must submit applications for regulatory approval by February this year. In response, 24 companies, including prominent players such as Bybit,…
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Matthew White, CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), expressed the watchdog’s commitment to easing the regulation burden for smaller crypto entities. Speaking at a regulatory panel discussion during the Paris Blockchain Week, White acknowledged the imperfections in crypto regulations and emphasized the need for improvement. VARA CEO Advocates for Innovative Solutions to Regulatory…
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Chainlink, a leading provider of data feeds to blockchain-based smart contracts, has released a new application dubbed the transporter for submitting and monitoring cross-chain transactions. In an announcement, Chainlink said the application is built using its Cross-Chain Interoperability Protocol (CCIP) – the standard for cross-chain interoperability. The firm went on to describe the new Transporter…
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Bitfinex Securities El Salvador S.A. de C.V., a tokenized securities platform, is spearheading an initiative to fund the development of a Hampton by Hilton hotel complex at El Salvador International Airport through a tokenized debt issue. The token, known as HILSV, will trade against the U.S. dollar and tether (USDT) and will be issued on…
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Thailand’s state authorities held a meeting on Tuesday, calling to regulate peer-to-peer (P2P) cryptocurrency purchases and comprehensively prevent online fraud. The meeting was spearheaded by Prasert Jantararuangthong, minister for digital economy and society, and included representatives from the Thai SEC, Bank of Thailand, Royal Thai Police, Defense Ministry, among other key departments. During the gathering,…
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A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information. In the lawsuit, Gordon Law Group sued ex-employee Justin…
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Bankrupt crypto firms FTX Trading and Voyager Digital Holdings have agreed to settle loan disputes, which would help reimburse creditors. The long-standing claims and disputes between both the parties came to an end on Tuesday, which would entirely release the $445 million to Voyager, which includes interest. Voyager’s crash was dragged in by the debacle…
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