Russian government to launch crypto mining facility in East Siberia
The new crypto-mining facility in East Siberia will possess 30,000 crypto-mining machines, hire 100 workers, consume 100 megawatts of electricity and be operated by Russia’s BitRiver mining company. In recent months, there have been moratoria placed on the cryptocurrency mining sector in several regions of the US and Canada. Russia now offers tax breaks to […]
Affirm to shut down crypto program by March
According to Affirm’s CEO, Max Levchin, users of the payment provider will not be able to buy Bitcoin after March 2 and it will discontinue the “Affirm Crypto Program” on March 31. On February 8, a letter to shareholders and a 19% personnel reduction were both announced. The two primary factors that led to the […]
Kraken reportedly faces probe over possible securities violations
According to reports, the United States Securities and Exchange Commission is apparently looking into certain securities offerings sold by cryptocurrency exchange Kraken if they broke any regulations. The investigation pertains to specific services that Kraken has made to customers in the United States, according to a Feb. 8 Bloomberg article. According to a source with […]
Digital assets industry is ‘here to stay’ – BNY Mellon
Bank of New York Mellon (BNY Mellon) head of digital assets Michael Demissie believes that the collapse of the cryptocurrency market in 2022 will not hinder the institutional adoption of digital assets as they are here to stay. On February 8, Demissie said that the digital asset industry is “here to stay” due to institutional […]