Crackdown on Crypto Mining: Thailand's Electricity Theft Bust
Thai authorities recently raided illegal crypto mining operations in two provinces, seizing devices worth $5 million and arresting three suspects for power theft.
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Thai authorities recently raided illegal crypto mining operations in two provinces, seizing devices worth $5 million and arresting three suspects for power theft.
As Tesla's stock price soars due to optimistic news from China, U.S. stock index futures rise slightly. Looking ahead, traders will shift their focus to the Federal Reserve's rate decision, the monthly employment report, and more earnings reports from the "Big Seven" tech giants. Given that the Fed has indicated that it will keep rates high for a longer period, tension is apparent in the cryptocurrency market.
Huaxia, Bosera, and Harvest Bitcoin Spot ETFs have debuted and begun trading on the Hong Kong Stock Exchange.
In the near future, the Solana Spot ETF, poised to be the inaugural offering of its kind in North America by SOLWealth, is poised to capture significant attention in the cryptocurrency sphere.
Gold and Bitcoin weakened, with significant volatility in USD/JPY, all pointing to actions by the Federal Reserve as the root cause.
Nigeria's EFCC froze over 1,100 crypto traders' accounts due to alleged currency manipulation and money laundering, intensifying concerns about crypto regulation. While the CBN denies a crypto ban, the EFCC's actions and regulatory uncertainties cast a shadow over Nigeria's crypto future.
MicroStrategy acquires 122 BTC, holding 214,400 Bitcoins valued at $7.54 billion, despite a Q1 net loss of $53.1 million.
The trading volume of Hong Kong's Bitcoin Spot ETF reached approximately $6.3 million, impacted by the ban on mainland Chinese investors from trading, affecting market demand.
Terraform Labs advocates for a $1 million penalty instead of the $5.3 billion sought by the SEC after Do Kwon's fraud conviction, arguing for financial responsibility distinctions.
In the midst of a crackdown on crypto privacy technology, Keonne Rodriguez, co-founder of Samourai Wallet, has entered a plea of not guilty to charges of laundering and operating without a license.