Authorities in Uzbekistan have drafted and put forward for public consultations a set of rules for crypto miners operating in the country. Companies that want
Category: rates
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining.
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity
Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the
Illegal Crypto Miners Threatened With Jail Time in Russia
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to
Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes
Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments
High net-worth families are turning to cryptocurrency investments, according to a recent Goldman Sachs survey that found close to half of the company’s family office
