The legislation aims to boost economic development and foreign investment while treating virtual assets strictly as property.
Authorities released a report revealing 14,000 illegal bitcoin miners siphoned electricity from the national grid worth $1.1 billion since 2020.
The ban is part of an effort to manage electricity demand and ensure industrial development is powered by clean electricity.
The firm said it sees a "sustained imbalance" between demand and supply of AI computing power, and projected to generate up to $2 billion annually from AI operations.
Company holds 52,477 BTC, advances Texas wind farm and European growth while shares face year-to-date decline.
The Trump family’s crypto footprint is widening, and now dogecoin is part of the mix.
Officials say the list will help identify miners and enforce new tax and energy rules as Russia formalizes the crypto sector.
Rittenhouse Research, a new firm covering fintech, AI, and crypto, is giving GLXY a strong buy rating because of its BTC mining to AI transition
Asset prices across markets largely shrugged off surging Inflation expectations, with crypto prices consolidating sideways.
The government is disconnecting power from mining-linked properties and conducting follow-up sweeps.
The Texas company, which pivoted from crypto mining to high-performance computing, said it will sell its cloud computing business to struggling cloud computing business.
TRON founder Justin Sun has revealed that the network might reduce the TRX block rewards due to TRX’s rising price, sparking a discussion in the cryptocurrency community. Sun noted that this move is similar to Bitcoin’s halving mechanism, capturing the attention of investors who are wondering about the plan’s possible impact on traders. Related Reading: XRP Set For Big Rally – Analyst Says ‘Double Digits’ This Year Tron: Reducing Block Rewards Sun shared, in a post on X, his thoughts on potentially implementing a reduction in the network’s reward scheme for its TRX. He said that it is worth paying attention to the discussion about TRX’s upcoming reduction in block rewards. “Here are my personal thoughts. As we all know, TRX is already in a deflationary state of 1% per year, making it the only deflationary asset among major cryptocurrencies,” he explained. The TRON founder said that due to TRX’s rising price, “the rewards for block-producing nodes across the network have increased significantly, so a moderate reduction could be considered.” This discussion about TRX’s upcoming reduction in block rewards is worth paying attention to! Will TRX follow Bitcoin’s path and enter a halving cycle? Here are my personal thoughts. As we all know, TRX is already in a deflationary state of 1% per year, making it the only… — H.E. Justin Sun ???? (@justinsuntron) March 21, 2025 Following Bitcoin’s Path In the post, Sun said that TRX might follow what happened to Bitcoin, saying, “Will TRX follow Bitcoin’s path and enter a halving cycle?” He explained that the firstborn cryptocurrency followed a similar path, saying that once the BTC network grew, investors saw a gradual decrease in its block rewards. “In the early days, higher rewards were necessary for bootstrapping the network. However, as Bitcoin’s price surged, block rewards were lowered, and the halving cycle played a crucial role in Bitcoin’s long-term sustainability—aligning with Satoshi Nakamoto‘s original vision,” the founder added. Impact Of The Reduction Sun also shared the possible impact of reducing TRX block rewards, giving two scenarios. “If daily block rewards are reduced by 1 million TRX, the deflation rate would increase by 50%, reaching 1.5% per year,” he said. On the other hand, he believes that if TRX is reduced by 2 million, the deflation rate would increase to 2% per year, “effectively doubling the deflation rate, with an impact on TRX cycles comparable to Bitcoin’s halving.” “Even with a block reward reduction, the current incentives for network validators remain highly attractive. Ultimately, this decision rests with the TRX community,” he added. The founder revealed that the network has formally submitted on GitHub the proposed block rewards reduction. Related Reading: Ethereum Whales Pounce On The Dip, Snag $236 Million In ETH “The adjustment aims to create a more balanced supply-demand dynamic encouraging increased user participation in staking. This will benefit all stakeholders, ensure the TRX block rewards consistent with the maturity of the TRON network, and promote the healthy and sustainable development of the TRON ecosystem,” the network stated in the proposal. Among the benefits that can be gained from its implementation are better deflation, increased staking incentives, strengthened network security, and improved economic alignment. “Timely adjustments to TRX block rewards can better promote the healthy and sustainable development of the TRON network and TRON ecosystem,” the network added. Featured image from Gemini Imagen, chart from TradingView
Russia’s Ministry of Energy plans to introduce a nationwide registry for crypto mining equipment, making registration mandatory for all operations. According to a Feb. 3 TASS report, Deputy Minister of Energy Yevgeny Grabchak is leading the initiative to refine existing mining regulations and improve oversight. The move follows ongoing concerns about illegal mining, particularly in […]
The post Russia to launch nationwide registry for crypto mining equipment appeared first on CryptoSlate.
Fortitude Mining will produce bitcoin and other proof-of-work tokens.
The bill includes military bases, camps, hospitals, clinics, and arsenals, and restricts crypto mining within a 30-mile radius of them.
Thailand is on a mission to address illegal mining operations causing massive power disruptions in its capital city, Bangkok, and neighboring areas. In its latest drive against these unregistered operations, the kingdom’s Provincial Electricity Authority (PEA) announced that it has shut down an illegal Bitcoin mining farm in the Phanat Nikhom, District of Chonburi. Related […]
Bhutan continues to leverage new technologies, particularly Bitcoin and the blockchain, to boost its economy. According to multiple reports, Gelephu Mindfulness City (GMC) is ready to integrate digital assets like Bitcoin, BNB, and Ethereum into its strategic reserve. Related Reading: Tim Draper Calls Bitcoin The ‘Next Netflix’ – A Look At His Argument The Mindfulness […]
Phoenix Group, a crypto company based in the UAE, is pushing hard to get into the US market. In a recent news release, the company said that its newest 50MW Bitcoin mining facility in North Dakota was now fully operational. Related Reading: Bitcoin Joins Top 10 Global Assets, Claiming The 7th Spot—Report News sources say […]
According to MARA, the mining company's Bitcoin holdings are now valued at $4.2 billion, assuming a price of $93,354 per BTC.
Hashrate dominance continues to be debated due to the pseudonymous and geographically distributed nature of Bitcoin mining.
This week’s Crypto Biz explores Bitcoin’s landmark year, Crypto.com’s new custody service, Russia’s partial ban on crypto mining and taxes on staking rewards in the US.
Crypto mining on a budget? Here’s how to get started without breaking the bank — or your fuses.
Kyrgyzstan is considered an ideal destination for cryptocurrency miners, due to its untapped renewable energy resources.
Recent reports revealed that Russian companies have begun using Bitcoin and other digital assets in international trade to bypass sanctions. The country’s Finance Minister also shared the government’s plan to expand its crypto use as an alternative for international payment. Related Reading: Bitcoin Preparing For Its Next Major Market Surge – Here’s How High It […]
According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical crisis in the country. Related Reading: Cardano Leader Charles […]
Temporary bans may be imposed in other regions during peak energy demand, Tass reported
Hut 8 has acquired 990 Bitcoin for $100 million, boosting its total BTC holdings to over $1 billion as institutional adoption of cryptocurrency accelerates.
Microsoft says its latest “closed loop” water recycling data center design would save 125 million liters of water annually per facility.
Bitcoin mining could be a win-win solution to countries like the United Kingdom that are having problems with their excess output from renewable energy. The executive of a US-based digital asset technology firm suggested that Bitcoin mining could be the best way to eliminate wastage and grid congestion on renewable energy. Related Reading: Binance And […]
Crypto mining hardware typically has a lifespan between 3-5 years on average and must be periodically upgraded to maintain profitability.