The IMF rejected Pakistan’s crypto power subsidy plan, citing energy market risks; talks with the World Bank and other partners are still ongoing.
Crypto Mining
Norway to Ban New Crypto Mining Sites From Late 2025 to Conserve Electricity
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 […]
Apple Loosens NFT, Crypto App Rules After Court Ruling
Apple modified its iOS App Store rules after a U.S. District Court decision in the Epic Games antitrust case. The court ordered Apple to drop its payment fees on purchases outside the App Store and eliminate its restrictions on external payment links. This policy shift by Apple enables developers to create apps that can direct […]
$800M in Bitcoin: New Docuseries Explores Lost Fortune
Engineer’s $800M Bitcoin fortune lost in Welsh landfill becomes subject of new LEBUL documentary series.
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.
Regulatory Relief: SEC Declares PoW Mining Free from Securities Rules
The U.S. SEC has made a statement to clarify that mining operations under the Proof-of-Work (PoW) mechanism are not offerings of securities. This is to distinguish mining from investment contracts using the Howey Test to determine whether an asset is subject to securities regulation. The statement highlights that PoW miners offer computational power for confirming […]
Utah Passes Bold Crypto Bill: Will Other States Follow Its Lead?
The House committee in Utah has made a major move towards the use of public cryptocurrency funds in the state. On January 28th the Utah House Economic Development Committee voted 8 to 1 in favor of HB 230, commonly referred to as the Blockchain and Digital Innovation Amendments. The bill will now be taken to […]
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 […]
School District Crypto Heist Unveiled: Mining Mischief Sparks National Energy Review
The United States Department of Justice (DOJ) has filed charges against two high-ranking staff members of the Patterson Joint Unified School District accused of orchestrating a cryptocurrency mining operation within the district’s premises, siphoning resources, and inflating electricity costs. Documents reveal a complex scheme orchestrated by Menge, who served as the Assistant Superintendent and Chief Business Officer, […]
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. […]