Norway will impose a temporary ban on new cryptocurrency mining data centres starting in autumn 2025. The move aims to redirect the use of electricity to more productive industries. The government confirmed the plan as part of its digital infrastructure policy. Norway Redirects Energy to Job-creation The Norwegian government has grown concerned over the electricity […]
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Norway Plans Temporary Crypto Mining Ban Amid Rising Energy Concerns
Key Takeaways: The Norwegian government is preparing to launch an investigation this coming autumn that could lead to a temporary ban on cryptocurrency mining. Officials have cited rising energy demands and minimal local benefits from mining as reasons for the proposed measure. The assessment, driven by energy and land-use concerns, would target power-intensive data centers […]
How Cloud Mining Platforms Shape the Future of Bitcoin Investing: 8 Best Legitimate Crypto Mining Platforms to Earn BTC in 2025, Earn $9,870 in Passive Income Daily
As Bitcoin (BTC) continues to solidify its position in the cryptocurrency market, more and more investors are turning to cloud mining platforms to earn passive income. In 2025, how cloud mining platforms are reshaping the future of BTC investment has become a key focus for investors. With legal and reliable cloud mining services, users can […]
Pakistan Eyes Crypto Mining to Transform Surplus Energy into Economic Growth
Pakistan explores using surplus electricity for Bitcoin mining, aiming to attract global investors with special tariffs and reduce financial strain.
HashFlare Founders Plead Guilty in $577M Crypto Mining Fraud
The co-founders of HashFlare pleaded guilty on Wednesday to wire fraud conspiracy after running a $577 million Ponzi scheme that scammed hundreds of thousands of investors worldwide through fake crypto mining. The HashFlare Crypto $577M Fraud Revealed In November 2022, two Estonian nationals were arrested by the Estonia authorities. Sergei Potapenko and Ivan Turõgin, co-founders […]
Russia Says Yes To Crypto Mining
Russia has just made a major breakthrough in digital asset mining. President Vladimir Putin has signed a bill that officially legalizes cryptocurrency mining. The signed bill also covers mining pool, mining infrastructure operator, address identifier, and the individual who organizes mining pool activities. Mining is considered a component of turnover meaning that the revenue generated […]
Vladimir Putin Warns of Energy Crisis from Uncontrolled Crypto Mining in Russia
Russian President Vladimir Putin issued a warning regarding the rapid expansion of cryptocurrency mining in Russia, highlighting the significant risk it poses to the country’s electricity supply. Speaking on the matter, President Putin emphasized the strain that uncontrolled mining activities could place on regional power infrastructures. “Cryptocurrencies are not monetary units in the traditional sense […]
Energy-Guzzling Crypto Mining Faces Ban: Norway’s Crackdown
Norway, renowned for its stunning fjords and progressive environmental policies, is taking a firm stance against energy-intensive crypto mining. In a recent announcement, Minister for Energy Terje Aasland highlighted the government’s determination to steer clear of such ventures. According to reports from local news outlet VG, Norway’s government is gearing up to introduce a new […]
Biden’s Draconian 30% Crypto Mining Tax Faces Uphill Battle
President Joe Biden’s new budget proposal intends to rake in billions from the crypto industry through disputable excise tax that would be charged to digital assets miners for their electricity by 30%. The charge, which is set to kick off in 2025 in stages, is expected to generate almost $10 billion this year and over […]
Crypto Mining Hardware Firm Phoenix Technology Plans UAE IPO
In a recent mainstream media report, it was revealed that Phoenix Technology, a prominent crypto mining hardware provider, is making significant strides towards going public in Abu Dhabi, UAE. According to a report by Bloomberg, the UAE-based company is currently engaged in discussions to conduct an initial public offering (IPO) within the United Arab Emirates. […]