Cryptocurrency Mining

The two Estonian co-founders of the now-defunct crypto mining company HashFlare are seeking leniency after pleading guilty to wire fraud, while U.S. federal prosecutors are calling for each to serve a full decade in prison

A false rumour on social media claimed China had banned crypto again, causing brief market panic. Officials and experts confirmed no new rules were issued, and the 2021 restrictions still apply.

Indonesia’s Finance Ministry has enacted sweeping changes to its crypto tax regime, raising income taxes for miners and sellers while removing value-added tax (VAT) obligations for buyers

Bitmain, the world’s leading Bitcoin mining ASIC manufacturer, is preparing to open its first manufacturing facility in the United States—a strategic move set to accelerate production and support for American clients.

Tether plans to become the world’s largest Bitcoin miner by the end of 2025, investing billions in mining operations across Latin America. This move aims to protect its large Bitcoin holdings and strengthen the network amid new regulatory challenges.

A solo Bitcoin miner with a small setup managed to mine a full block and earn nearly $350,000, beating long odds of around 1 in 2,800. The win highlights that even with modest equipment, small miners can occasionally succeed in a space dominated by large industrial operations.

Russian police shut down a large illegal crypto mining farm in St. Petersburg that stole electricity and caused over 10 million rubles in damage. At the same time, authorities warned the public about rising crypto scams where fake traders trick people into handing over their money and account access.

Russia’s Power Systems and Finam have launched the country’s first Bitcoin mining investment fund, using gas-powered rigs and requiring a minimum investment of 5 million rubles. The closed-end fund will mine Bitcoin and share profits with qualified investors, but returns depend on Bitcoin staying above $35,000.

The barbed-wire-secured site was packed with mining rigs and heavy power equipment. Prosecutors said it was leased to a third party under the false pretense of renting space in a non-existent building—an elaborate cover for illegal crypto mining.

Russian authorities in the Republic of Buryatia were stopped in their tracks during their patrol when they stumbled upon a peculiar truck in the middle of the truck.