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Given Russia’s recent pivot toward cryptocurrency adoption at the government level, one might assume that the era of underground digital asset operations is over in the country. Recent developments have, however, proven that exactly the opposite may be happening and that some cryptocurrency mining operations have gone from being metaphorically underground to being literally beneath the surface. To be precise, the authorities in Russia’s Republic of Dagestan have recently showcased a sophisticated cryptocurrency facility dug into the ground, according to a September 24 Reuters report. Picks for you Billionaires are dumping Nvidia stock to buy this Index Fund  24 mins ago Cryptocurrency trader turns $135 into $1.2 million in 15 days ...

Beijing released an updated implementation plan for strengthening energy conservation, explicitly stating measures that will crack down on cryptocurrency mining activities.  The Beijing Municipal Development and Reform Commission, along with 11 other departments, issued a detailed notice underscoring their commitment to a dual control system of energy consumption and carbon emissions.  Beijing, China, requires strengthening the monitoring and Analysis of crypto currency mining activities in 2024 and resolutely cracking down on crypto currency-related mining activities in Beijing in accordance with laws and regulations. https://t.co/uY6eUTc3Vx — Wu Blockchain (@WuBlockchain) February 4, 2024 This plan further emphasizes the transition to a “higher level and higher quality” of energy conservation, in line with the construction of an ecological civilization and a “beautiful” Beijing. Notably, this directive differs from the broad anti-cryptocurrency measur...

Jack Dorsey, former CEO of Twitter, and Luke Dash Jr., a Bitcoin Core developer, created a new Bitcoin (BTC) mining pool called OCEAN. Its creation surged amid controversy in the community while openly filtering Ordinals and BRC-20 transactions. On December 6, a privacy-focused Bitcoin wallet, Samourai Wallet, said that OCEAN is also censoring their transactions. According to Samourai Wallet, OCEAN has conclusively filtered their “Whirlpool coinjoin and BIP47 notification transactions.” Notably, Luke Dash Jr. answered the post, claiming there is a bug on the wallet’s software and not on OCEAN’s side. This is a bug in your software, not an intentional policy on our end. Why are you exceeding the standard 42 byte datacarrier size? What is this data even for? I've looked at trying to workaround it, but can't find any technical details. In any case, you should fix it on your… — Luke Dashjr (@LukeDashjr) December 7, 2023 Samourai Wallet could not directly answer this cla...

The National Agency for Perspective Projects (NAPP) of Uzbekistan has issued a decree outlining updated requirements for cryptocurrency mining within the country. Uzbekistan’s regulatory body, the National Agency for Perspective Projects (NAPP), has released a decree detailing the requirements for cryptocurrency mining in the country. The document highlights several key changes and clarifications in the regulatory framework. The decree states that only legal entities will be permitted to engage in cryptocurrency mining , disallowing individual operations. This directive is consistent with previous documents issued by the local government, such as the one in April 2022 signed by President Shavkat Mirziyoyev, which highlighted the same prohibition for local residents regarding cryptocurrency transactions and mining . Regarding energy sources, the NAPP specifies that companies should predominantly use solar power for their mining operations. However, the document also menti...

Companies from different sub-sectors in the crypto space have collapsed this year. Right from blockchain-developing companies to crypto lenders and top exchanges, a host of prominent names couldn’t pass 2022’s slippery slope test. Now, according to reports, the Top Bitcoin mining company Core Scientific is following a downhill journey. The top US-based publicly traded company is reportedly filing for Chapter 11 bankruptcy protection in Texas. A person familiar with the company’s finances confirmed the same with the media outlet CNBC. JUST IN: #Bitcoin mining giant Core Scientific $CORZ to file for bankruptcy. — Watcher.Guru (@WatcherGuru) December 21, 2022 Core Scientific Will Continue Mining & Not Liquidate B.Riley Financial, one of the largest creditors of Core Scientific, wrote an open letter to the shareholders and lenders of the firm last week. At that time, the financial services platform noted that bankruptcy was unnecessary and put fo...