Stablecoin big Tether has halted its huge $500 million crypto mining operation in Uruguay, citing high vitality prices and lack of tariff frameworks. The firm has laid off 30 of its 38 workers in Uruguay, local media outlet El Observador reported. Tether Holdings confirmed the termination to the authorities of the Ministry of Labor and…
Anthony Scaramucci and his son, AJ Scaramucci, have invested over $100 million into American Bitcoin, the Bitcoin mining and treasury firm cofounded by Eric Trump and backed by Donald Trump Jr., regardless of the elder Scaramucci’s well-documented political feud with the previous president. According to the report from Fortune, the funding got here via Solari…
Bitcoin has been probably the most profitable property over the previous decade, however crypto mining shares would be the higher alternative transferring ahead. Bitcoin gained greater than 25,000% over the previous decade, nevertheless it now has a $2 trillion market cap. A better market cap makes it harder to generate the sturdy value actions that…
TL;DR OFAC has designated the Prince Group TCO and 146 related targets for working huge “pig butchering” rip-off operations, together with particular person Chen Zhi. The community’s crypto operations embrace bitcoin mining by way of Warp Data Technology and the laundering of rip-off proceeds. Huione Group, a key monetary companies supplier, has been lower off…
New York State Senator Liz Krueger has launched a invoice focusing on crypto mining operations that eat massive quantities of electrical energy, proposing a tiered excise tax based mostly on annual vitality utilization. Key Takeaways: New York’s proposed invoice would tax crypto miners up to 5 cents per kWh based mostly on vitality utilization tiers….
Tether’s enlargement into Bitcoin mining in Uruguay has run into a serious setback after the state-owned electrical energy supplier UTE suspended service to the stablecoin operator’s two mining amenities over unpaid payments of roughly $5 million. The disruption, confirmed on July 25, 2025, comes solely two years after Tether unveiled the Bitcoin mining challenge within…
Two Hong Kong technicians have been arrested after allegedly siphoning electrical energy and web entry from care properties for the disabled to energy a hidden crypto mining operation. Key Takeaways: Two technicians have been arrested for secretly working crypto miners utilizing electrical energy and web from care properties for the disabled. The unauthorized operation precipitated…
A Republican lawmaker has urged the U.S. Treasury to launch a nationwide safety assessment of two China-linked firms concerned in Bitcoin mining {hardware}, citing issues over their rising footprint within the United States. Key Takeaways: Lawmaker Zachary Nunn is asking for a assessment of Chinese mining corporations Bitmain and Cango over safety issues. Bitmain controls…
A Bitcoin mining firm tied to President Donald Trump by way of two of his sons surged in its inventory market debut on Wednesday, boosting their paper wealth by greater than $1.5b. Shares of American Bitcoin, co-founded by Eric Trump and backed by Donald Trump Jr, jumped as a lot as 110% in early buying…
Introduction: Why Cloud-Primarily based Mining is Taking Over in 2025 The crypto world has shifted dramatically over the previous decade. What as soon as required huge warehouses of mining rigs and excessive electrical energy payments has now been made accessible to virtually anybody by means of cloud-based mining apps. In 2025, cloud mining is now…