Crypto Mining
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Colombia Seeks to Mine Bitcoin Using Surplus Renewable Energy From Country's Coastline
Colombian President Gustavo Petro said the country’s Caribbean coast could become a Bitcoin mining hub using renewable energy sources. The proposal comes as countries like Paraguay and Venezuela continue attracting mining investments linked to low-cost electricity. Except for Colombia, Bhutan is another country that has adopted Bitcoin mining and...
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GainBitcoin Crypto Scam Case: CBI Arrests Darwin Labs CTO and Co-Founder Ayush Varshney
The CBI has arrested Darwin Labs co-founder and CTO Ayush Varshney in connection with the GainBitcoin cryptocurrency scam. Investigators allege the scheme promised investors fixed Bitcoin returns through cloud mining but operated as a Ponzi-style operation. Authorities claim the technical infrastructure, including the MCAP token and related platfor...
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The Secret Loophole Helping Iran Fire Missiles At Israel And US Without Going Broke
When Tehran legalized Bitcoin mining in 2019, officials framed it as an economic experiment. Analysts now say it evolved into something far more strategic: a sanctions resistant payment network.
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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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Kadena Ceases Operations, Says Blockchain Will Run After Foundation Shuts
The Kadena Foundation is shutting down due to market challenges and the inability to sustain development. Despite the closure, the blockchain will continue under the care of independent miners and community developers. Over 566 million KDA tokens remain for mining rewards, and 83.7 million are scheduled for unlock in 2029. A small team will manage ...
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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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Bhutan Explores Green Crypto Mining To Boost Economy, Curb Brain Drain
The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said.
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Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
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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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US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
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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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Colombia Seeks to Mine Bitcoin Using Surplus Renewable Energy From Country's Coastline
Colombian President Gustavo Petro said the country’s Caribbean coast could become a Bitcoin mining hub using renewable energy sources. The proposal comes as countries like Paraguay and Venezuela continue attracting mining investments linked to low-cost electricity. Except for Colombia, Bhutan is another country that has adopted Bitcoin mining and...
-
GainBitcoin Crypto Scam Case: CBI Arrests Darwin Labs CTO and Co-Founder Ayush Varshney
The CBI has arrested Darwin Labs co-founder and CTO Ayush Varshney in connection with the GainBitcoin cryptocurrency scam. Investigators allege the scheme promised investors fixed Bitcoin returns through cloud mining but operated as a Ponzi-style operation. Authorities claim the technical infrastructure, including the MCAP token and related platfor...
-
The Secret Loophole Helping Iran Fire Missiles At Israel And US Without Going Broke
When Tehran legalized Bitcoin mining in 2019, officials framed it as an economic experiment. Analysts now say it evolved into something far more strategic: a sanctions resistant payment network.
-
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...
-
Kadena Ceases Operations, Says Blockchain Will Run After Foundation Shuts
The Kadena Foundation is shutting down due to market challenges and the inability to sustain development. Despite the closure, the blockchain will continue under the care of independent miners and community developers. Over 566 million KDA tokens remain for mining rewards, and 83.7 million are scheduled for unlock in 2029. A small team will manage ...
-
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.
-
Bhutan Explores Green Crypto Mining To Boost Economy, Curb Brain Drain
The Himalayan nation of Bhutan is exploring ways to mine and leverage green cryptocurrencies using hydropower to boost its economy and create jobs to reduce brain drain, the chief executive of its sovereign wealth fund said.
-
Russia's Energy Ministry Mulls Compulsory Registry for Crypto Mining Equipment
Russia’s Ministry of Energy is planning to create a mandatory registry of crypto mining equipment to identify mining businesses. The initiative has been proposed by Yevgeny Grabchak, the Deputy Minister of Energy.
-
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.
-
US Airbnb Host Hit With Rs 1.25 Lakh Electricity Bill After Guests Mine Rs 84 Lakh In Crypto
An Airbnb host in the US was forced to add 'no cryptocurrency mining' to the list of instructions after a bizarre guest experience.
-
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 ...
