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Iran’s energy chief says 95% of the country’s 427,000 crypto mining rigs operate illegally, consuming massive power and destabilizing the national grid. Iran’s crypto mining industry is facing a widespread illegal mining crisis, with authorities estimating that over 95% of the country’s 427,000 active mining devices are operating without authorization. Akbar Hasan Beklou, CEO of…
Lawmakers opted to study the proposal further following a wave of public concern over plans to loosen local controls on crypto mining in the state. A vote from the Senate Commerce Committee on a bill aimed at deregulating crypto mining in New Hampshire was split on Thursday, after senators reported public feedback on the bill…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, US Treasury Scott Bessent signals trade framework deal reached, CZ’s pardon by Trump followed a lobbying push that included $450,000 to Trump-linked lobbyists, and…
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, competition in the Bitcoin mining industry is intensifying, with smaller miners gaining ground on their larger rivals in realized hashrate. Meanwhile, Ferrari is deepening…
Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power. The Bitcoin mining industry is becoming increasingly competitive, with so-called tier-2 operators closing the gap on established leaders in realized hashrate — a sign of a more level playing field following the 2024 halving. According to The…
S. Matthew Schultz, the CEO of Bitcoin mining company CleanSpark, said the new rules would create expedited connections for Bitcoin mining and data centers. The US energy secretary has urged the Federal Energy Regulatory Commission (FERC) to write new rules enabling big electricity consumers, such as AI data centers and Bitcoin mining operations, to connect…
Public companies now hold over 1 million Bitcoin worth $110 billion on their balance sheets, but only early adopters with disciplined strategies have seen major gains. Key takeaways: Early adopters with disciplined Bitcoin strategies outperform peers by 286% on average. Holding Bitcoin alone doesn’t guarantee stock gains as operational strength matters. Read more If you…
The Kingdom of Bhutan has tapped Ethereum to store the national identities of its roughly 800,000 citizens, leveraging the network’s immutability and decentralization. The South Asian nation of Bhutan is migrating its self-sovereign ID system to Ethereum from Polygon, allowing its nearly 800,000 residents to verify their identities and access government services. The integration with…
The provision in the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed. The US Senate has advanced sweeping AI legislation under the National Defense Authorization Act, compelling chipmakers to serve US customers first before exporting advanced processors abroad. On Thursday, senators passed the Guaranteeing Access and Innovation for…
Mike Novogratz’s Galaxy Digital has secured a $460 million investment to convert its former Bitcoin mining site in Texas into a large-scale AI data center. Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in…