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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
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Bhutan Migrates National ID System to Ethereum Blockchain
Bhutan is shifting its national digital identity system from Polygon to Ethereum, covering nearly 800,000 citizens. Ethereum integration is fully operational, enabling residents to verify credentials, access government services, and receive Verifiable Credentials (VCs). The move strengthens decentralisation, transparency, and resilience while demon...
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Kazakhstan’s President Proposes Strategic Crypto Reserve, Fully Digitalised Alatau City Project
Kazakhstan’s President Kassym-Jomart Tokayev has announced plans to establish a state-backed crypto reserve and build a digital “CryptoCity” in Alatau by 2026. The move will be supported by a new digital asset law, aiming to regulate blockchain, fintech, and cryptocurrency use. Experts say Kazakhstan’s strategy could influence other emergin...
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Eric Trump's $548 Million Crypto Stake Is Worth More Than Trump's Golf Empire
Eric Trump's stake in a crypto company created this year is now worth about $548 million, in one of the most striking examples of how the first family is profiting from the digital-asset industry.
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Malaysia Logs 300 Percent Rise in Electricity Theft Linked to Illegal Crypto Mining: Report
Illegal crypto mining operations in Malaysia rose to 2,397 in 2024 from the 610 cases reported in 2018. Law enforcement authorities there have reportedly initiated efforts to identify and bust locations they suspect are origins of unauthorised mining operations.
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Russia is Using Bitcoin in Foreign Trade, Finance Minister Says
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
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Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
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IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
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Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
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Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.
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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
-
Bhutan Migrates National ID System to Ethereum Blockchain
Bhutan is shifting its national digital identity system from Polygon to Ethereum, covering nearly 800,000 citizens. Ethereum integration is fully operational, enabling residents to verify credentials, access government services, and receive Verifiable Credentials (VCs). The move strengthens decentralisation, transparency, and resilience while demon...
-
Kazakhstan’s President Proposes Strategic Crypto Reserve, Fully Digitalised Alatau City Project
Kazakhstan’s President Kassym-Jomart Tokayev has announced plans to establish a state-backed crypto reserve and build a digital “CryptoCity” in Alatau by 2026. The move will be supported by a new digital asset law, aiming to regulate blockchain, fintech, and cryptocurrency use. Experts say Kazakhstan’s strategy could influence other emergin...
-
Eric Trump's $548 Million Crypto Stake Is Worth More Than Trump's Golf Empire
Eric Trump's stake in a crypto company created this year is now worth about $548 million, in one of the most striking examples of how the first family is profiting from the digital-asset industry.
-
Malaysia Logs 300 Percent Rise in Electricity Theft Linked to Illegal Crypto Mining: Report
Illegal crypto mining operations in Malaysia rose to 2,397 in 2024 from the 610 cases reported in 2018. Law enforcement authorities there have reportedly initiated efforts to identify and bust locations they suspect are origins of unauthorised mining operations.
-
Russia is Using Bitcoin in Foreign Trade, Finance Minister Says
This year, Russia permitted the use of cryptocurrencies in foreign trade and has taken steps to make it legal to mine cryptocurrencies, including bitcoin. Russia is one of the global leaders in bitcoin mining.
-
Russia Approves Tax Bill on Cryptocurrency Transactions Amid BTC Boom: Details
Recently, the Federation Council, the Upper House of the Russian Parliament, approved a new bill that outlines the taxation framework for cryptocurrencies. This bill classifies virtual digital currencies as property.
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
Jack Dorsey-Backed Bitcoin Miner ‘Ocean’ Moves Headquarters to El Salvador
Ocean, a Bitcoin mining pool backed by Jack Dorsey, has established its global headquarters in El Salvador. In the coming months, Ocean plans to bring awareness and training programmes around Bitcoin to the Salvadoran citizens.
-
Jack Dorsey’s Block Platform Creates Chip for Bitcoin Mining, Plans to Create Full BTC Mining System
Jack Dorsey, through his payments firm Block, has announced that the creation of its Bitcoin mining chip has been completed. Following months of research and development, Block has managed to create a 3nm Bitcoin mining chip.
