VTB, Russia's second-largest bank, is making waves by planning to offer direct bitcoin and crypto trading to its clients. This move comes as a response to growing customer demand for actual cryptocurrencies, not just derivatives. Despite the lack of clear regulations, VTB is testing the waters with
The Scaramucci family has put over $100 million into American Bitcoin, a mining company with ties to former President Donald Trump’s sons. This investment came through Solari Capital, a firm started by AJ Scaramucci, which led a $220 million funding round back in July. The company went public later
In Iran, a staggering number of crypto miners are operating outside the law. Out of the 427, 000 active mining rigs, more than 95% are running without proper approval. This has turned Iran into a hotspot for illegal mining activities, all thanks to the country's low electricity prices. The head of
In Iran, a big problem is brewing. Nearly all of the country's 427, 000 crypto mining machines are running without permission. This is a huge deal because these machines are guzzling up more than 1, 400 megawatts of electricity every day. That's a lot of power! The issue is so severe that it's putt
British Columbia is making a big change. It wants to stop new crypto mining projects from using its power grid. This decision is part of a bigger plan to focus on other industries that use clean energy and create more jobs. The government thinks this will help the economy grow and meet climate goals
Bitcoin mining is a big deal, but it's also a big energy hog. In 2025, it's expected to use about 138 TWh of electricity. That's a lot! But it's not just about the electricity. It's also about the carbon dioxide, water, e-waste, and land impacts. Governments are starting to pay attention to where Bi
Laos is thinking about cutting off electricity to crypto miners by early 2026. This move aims to use the power for other industries that can boost the economy more, like AI data centers and electric vehicle production. Currently, crypto miners use about 150 megawatts, which is a lot less than the 50
As Donald Trump prepares to return to the White House, cryptocurrency has become a surprising part of his journey. Since his election win, Bitcoin has soared, reaching an all-time high of $108, 135 in December 2024. This surge is partly due to Trump's pro-crypto stance during his campaign. Jamie Di
NVIDIA has unveiled the RTX 5090D, a GPU designed for the Chinese market with some unique twists. Unlike its predecessors, this version has restrictions on AI and crypto-mining tasks. After just three seconds of work, the GPU slows down or throttles performance. This means Chinese AI firms might fin
In the cold and power-rich region of Siberia, a surprising secret has been uncovered. A power company was recently caught leasing state land to an illegal crypto mining operation. The land was meant for public utilities, but it ended up hosting a hidden crypto mine. The power provider was fined over
