Kuwait cracks down on cryptocurrency mining amid power crisisKuwait has launched a crackdown on cryptocurrency miners it accuses of being a "major" cause of a power crisis that has led to blackouts, a...
01 May, 2025, 08.20 PM IST
In Russia, some crypto miners go underground - literallyDagestan's local authorities are calling for stricter measures against cryptocurrency miners who are causing electricity outages by buildin...
24 Sep, 2024, 02.41 PM IST
El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three yearsEl Salvador has mined nearly 474 bitcoins since 2021 thanks to a volcano-fueled geothermal power plant, official data showed on Tuesday, br...
15 May, 2024, 12.55 PM IST
What is crypto mining?Crypto mining or for cryptocurrency mining, particularly in Proof-of-Work systems, is energy-intensive due to the computational power requi...
05 Feb, 2024, 12.44 PM IST
Crypto miner Core Scientific files for Chapter 11 bankruptcyThe Austin, Texas-based miner said it would not liquidate and would continue to operate normally, as it expects to enter into a restructuri...
21 Dec, 2022, 04.41 PM IST
Crypto crash leads to firesale of hardwareSample this: Until a few months ago, if you needed a high-end graphic card, used to mine new bitcoins, it would have cost as much as ₹2 lak...
30 Jun, 2022, 10.29 AM IST
Has a long winter set in for Bitcoin? Top analyst says it’s just bear marketIt is important to note that while China has banned Bitcoin mining, it has not banned holding or transaction of Bitcoin. Its own central ba...
15 Jul, 2021, 10.31 PM IST
China’s role in the 2021 cryptocurrency crashThe global cryptocurrency market has swayed to Elon Musk’s tweets this year, but China’s crypto crackdown threatens to halt the bitcoin bul...
25 Jun, 2021, 05.13 PM IST
Bitcoin price sinks below $30,000 for first time since JanuaryThe world's largest cryptocurrency slumped over 7% to $29,332, its lowest since Jan. 27, after giving up gains made in Asian hours. Its fal...
22 Jun, 2021, 08.51 PM IST
China's cryptocurrency-mining crackdown spreads to Yunnan in southwestIn addition to concerns about the huge amounts of energy needed for the computing power to create cryptocurrencies, the central government ...
12 Jun, 2021, 04.50 PM IST
Cryptocurrencies punch back, rise over 10% after Sunday sell-offBitcoin jumped more than 10% to $38,538, erasing losses of 7.5% from a day earlier but still down by more than 40% from last month's record...
24 May, 2021, 09.48 PM IST
Oil drillers and Bitcoin miners bond over natural gasThe trailers - carrying pipes, generators and computers - are called “mining rigs.” But their owners aren’t there to drill for oil. They ar...
21 May, 2021, 10.32 PM IST
More Bark, Less Bite: China crypto players shrug off latest crackdownChina's latest salvo against cryptocurrencies has driven a brutal selloff in bitcoin markets but retail traders, miners and even crypto fin...
21 May, 2021, 06.22 PM IST
Oil drillers and Bitcoin miners bond over natural gasThe trailers - carrying pipes, generators and computers - are called "mining rigs." But their owners aren't there to drill for oil. They ar...
21 May, 2021, 04.53 PM IST
China crypto players shrug off Beijing's latest crackdownCryptocurrencies could still be bought from China on Thursday and investment schemes promising juicy returns for mining them remained opera...
20 May, 2021, 10.44 PM IST
What Beijing's new crackdown means for cryptocurrency in ChinaMany of the new rules expand on previous restrictions aimed at cryptocurrencies and close loopholes that had allowed some finance and payme...
19 May, 2021, 03.43 PM IST
Crypto miners, gamers brawl over chips amid shortagePeel away the silicon layers and it turns out, graphics cards and computer processors are at the heart of it. These have become so scarce t...
30 Apr, 2021, 11.54 AM IST