Bitmain stops its crypto mining rig shipment into mainland China
Bitmain, a Chinese producer of cryptocurrency mining equipment, has been forced to cease operations in China as of Oct. 11. In addition to China’s blanket prohibition on crypto activities, the company has cited China’s carbon-neutral policies as a reason for ceasing to supply Bitcoin (BTC) and cryptocurrency mining rigs. According to Bitmain’s announcement: “From October […]
Sen. Ted Cruz suggests Texas should use natural gas to mine Bitcoin
Senator Ted Cruz of the United States says that instead of flaring natural gas, his country should use it to mine Bitcoin (BTC), as Bitcoin mining could be used to capture wasted renewable natural gas. Senator Ted Cruz stated at the Texas Blockchain Summit on Friday that Bitcoin mining may be used to monetize energy […]
Nuclear engineer sells classified data for crypto bounty
In West Virginia, a nuclear engineer and his wife were detained on suspicion of spying and selling classified information to an FBI undercover agent who paid for the data in crypto. For nearly a year, the pair sold sensitive information on nuclear-powered battleship designs to a person they thought represented a foreign country. The contact, […]
BSN blockchain project launches new portals in Turkey and Uzbekistan
The Blockchain-based Service Network (BSN), a Chinese government-backed blockchain project, continues to expand its global reach by launching two new portals in Turkey and Uzbekistan. In late December 2021, Red Date Technology, the project’s architect, will launch two international BSN portals in Turkey and Uzbekistan in collaboration with Turkish consultancy business Turkish Chinese Business Matching […]
South Korean opposition party set to tackle the proposed crypto tax law
South Korea’s opposition People Power Party lawmakers have prepared a new challenge to the proposed crypto tax bill as they are seeking a one-year delay in the enactment of the law. According to The Korea Herald, opposition MPs are pushing for a one-year delay in the country’s implementation of crypto taxes. South Korea’s crypto tax […]