Authorities in the city of Karaganda in Kazakhstan have discovered and liquidated a shadow mining farm that was illegally consuming electricity. The increasing activity of shadow miners could lead the country to ban the industry, following China's example.
In the NFT world, a botched launch is often regarded as either a “rugpull” or a blunder which leads to immediate failure. This project, however, didn’t face their end and instead, solidified their existing support by taking the bold step of refunding everyone at a $28,000 loss.
As artificial intelligence (AI) is widely used in numerous areas of human life, there is a need to regulate it in order to eliminate the potential dangers of the technology. For this reason, Russia has developed a Code of Conduct for this innovation.
In search of alternative energy sources, Russians are exploring the potential of oil fields in their search for alternative energy sources. Earlier this week, several of the largest local mining companies applied to the government for permission to build mining farms.
Mining cryptocurrencies consumes a lot of energy. For this reason, some governments set special prices for miners. This trend seems to be particularly strong in the Eastern European region.
More than 20 cryptocurrency companies have announced they are leaving China after the government cracked down on the industry on September 24. This new wave of sanctions paves the way for the US to gain the upper hand in this sector.