Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’

In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto... Read more »

Nigerian Users Tell Binance ‘Stop Scamming’ — Exchange Platform Rejects Accusation

Some disgruntled Nigerian users of the cryptocurrency exchange Binance have launched a campaign to boycott the platform, which they accuse of freezing client accounts without valid reason. Accounts Blocked Cryptocurrency exchange platform... Read more »

Cryptsy CEO Indicted for Defrauding Crypto Investors, Destroying Evidence

The CEO of cryptocurrency exchange Cryptsy has been indicted in the U.S. The 17-count indictment charges the crypto exchange executive with “tax evasion, wire fraud, money laundering, computer fraud, tampering with records,... Read more »

Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens

While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall... Read more »

Turkey’s President Erdogan Instructs Ruling Party to Study Cryptocurrency, Metaverse

The president of Turkey, Recep Tayyip Erdoğan, has reportedly instructed the country’s ruling party to conduct a study on cryptocurrency and the metaverse. “It is a sensitive subject, a good and meticulous... Read more »

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 consumption in the Russian region. The supplier... Read more »

US Sentences Bitcoin Seller to 1 Year in Jail for Defrauding Investors

A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money... Read more »

Kazakhstan Shuts Down Crypto Mining Farms Till February

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces... Read more »

Thailand Announces Cryptocurrency Will Be Regulated as Means of Payment

Thailand has announced that cryptocurrency will be regulated as a means of payment for goods and services “to avert potential impacts on the country’s financial stability and economic system.” The announcement was... Read more »

Bitcoin’s Price Drop and the Network’s Higher Difficulty Squeezes BTC Mining Profits

After Bitcoin’s mining difficulty jumped to the highest value ever at 26.64 trillion, the overall hashrate slumped a hair due to the rise in difficulty and lower bitcoin price. This weekend, Bitcoin’s... Read more »