Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down

2018-10-8 23:00

Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News.

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Bitcoin (BTC) на Currencies.ru

$ 67891.77 (+0.14%)

Объем 24H $28.598b

Изменеия 24h: -0.92 %, 7d: -3.28 %

Cегодня L: $67649.64 - H: $68812.85

Капитализация $1337.809b Rank 1

Цена в час новости $ 6673.89 (917.27%)

electricity bitcoin btc chinese mining hot man

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Источник: ethereumworldnews.com

electricity bitcoin → Результатов: 91

Bitcoin’s Energy Use Dips After Price Drop – Good News For Environmentalists?

Bitcoin, the world’s most popular cryptocurrency, consumes an astounding amount of electricity. But, its energy use depends on a lot of things. After suffering a major collapse this entire month, BTC price has remained so low that it is driving the blockchain’s vast electricity consumption to fall as well.

2022-6-25 17:23	BTC
electricity bitcoin price use energy entire low

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Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves

Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. The post Over 1,000 Bitcoin miners crushed by police in warning to electricity thieves appeared first on CryptoSlate.

2021-7-20 12:24	btcusd
electricity bitcoin mining warning thieves police miners

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Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […] The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.

2020-4-30 19:39
electricity bitcoin mining farm kennel owner caught

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Malaysia Loses $25 Million due to Electricity Theft from Bitcoin Miners

Coinspeaker Malaysia Loses $25 Million due to Electricity Theft from Bitcoin MinersMalaysia’s power utility company is now targeting Bitcoin miners who have been stealing electricity to power their mining activity.

2019-8-16 21:03
electricity bitcoin million malaysia theft miners loses

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Meet the daring detectives sniffing out booby-trapped Bitcoin mines

“We will make electricity so cheap only the rich will burn candles,” Thomas Edison reportedly said during the first public demonstration of his light bulb. Unfortunately, it wasn’t made cheap enough.

2018-7-30 18:00
electricity bitcoin new fraud cheap years seen

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The largest wind farm in power is sold in North India – Bitcoinist

The latest move comes from Brookstone Partners, which involves building a 900-megawatt wind farm in Morocco dedicated to mining Bitcoin. Bitcoin Mining To Minimize Carbon Footprint Critics have always argued that Bitcoin mining is a threat to the environment.

2018-7-28 12:25
mining bitcoin wind farm threat environment largest

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Power to Bitcoin Mining was built in North Africa

2018-7-28 10:51
mining bitcoin environment threat always critics point

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Huge Wind Farm to Power Bitcoin Mining Will Be Built in North Africa

As Bitcoin mining becomes more expensive and is criticized as being detrimental to the environment, several initiatives are being put forward to reverse this situation. The latest move comes from Brookstone Partners, which involves building a 900-megawatt wind farm in Morocco dedicated to mining Bitcoin.

2018-7-28 08:00
mining bitcoin farm huge wind environment being

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Cease and Desist Order Against Genesis Mining Now Withdrawn

After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division.

2018-7-28 02:37	Mining
mining genesis securities cease desist south carolina

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Can a Wind Farm Help Morocco Become the Next Bitcoin Mining Paradise?

A remote location in Morocco has become a strategic spot to build a 900-megawatt wind farm as bitcoin miners look for cheap electricity in order to set up their computing centers. The spot south of Marrakesh is likely to turn into a cryptocurrency mining hub as the ecosystem favors renewable energy rather than utility grids.

2018-7-28 02:30
bitcoin mining wind morocco farm spot help

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Another Chinese Region Shuts Down Bitcoin Mining Operations

Cryptocurrency mining has always attracted controversy. This is primarily because so many people only see the negative side in terms of electricity usage. China is slowly ending all ‘unofficial’ domestic Bitcoin mining operations, and the territory of Xinjiang Uyghur is the latest to be affected.

2018-7-27 03:00
mining bitcoin china operations domestic territory slowly

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How You Can Earn Bitcoin from the Sun

“I believe being able to harness energy from our star to be a basic human right,” said Abe Cambridge, Sun Exchange’s founder and CEO. As electricity from the solar panels is generated, used and paid for, bitcoin is deposited into the Sun Exchange user’s account as a continuous cryptocurrency income stream that the user can

2018-7-17 20:31
sun user exchange bitcoin generated used electricity

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[promoted] Earning Bitcoin From the Sun

There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.

2018-7-17 17:41	Bitcoin
solar sun exchange projects africa bitcoin panels

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Bitcoin [BTC] miners in the US get ‘Special Price’ on electricity bills

On 12th July, The New York State Public Service Commission [NYPSC] announced that Massena Electric Department has received the approval to “allow high-density load customers such as cryptocurrency companies to qualify for service under an individual service agreement”.

2018-7-15 01:17	News
service cryptocurrency price miners under individual load

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New York State Prepares to Welcome Bitcoin Miners With Cheaper Electricity Rates

The state of New York doesn’t have the best of reputations when it comes to cryptocurrency. Its BitLicense requirement has made operating a crypto business very expensive and difficult. In an effort to turn things around, state regulators are now aiming to attract Bitcoin and altcoin miners. New York and Bitcoin Mining On paper, there […]

2018-7-14 21:00	New York
bitcoin new state york miners turn things

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New York Approves New Electricity Rates for Crypto Miners

New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs.

2018-7-14 03:30
new york electricity rates miners crypto approves

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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04	Technical
bitcoin mining pow optical new powx algorithm

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Bitcoin Burns More Energy Than Ireland Because of Millenials

Mining A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. Also read: Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs Bitcoin Said to Use ‘Almost’ as Much Electricity as Ireland Mainstream media is often preoccupied with exploring and revealing the negative effects of

2018-7-13 03:20
bitcoin mining mainstream media energy ireland use

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Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs.

2018-7-13 02:05
bitcoin media mainstream energy does burns claims

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Some Aren’t Optimistic about Bitcoin despite the Cryptocurrency Miners Promising Opportunities

Cheap rental prices and inexpensive electricity have driven cryptocurrency miners to the seaside city. While cryptocurrency miners have long worked in places like China and Scandinavia, many are setting their sights on other parts of the world.

2018-7-8 15:37
cryptocurrency miners cheap places world small big

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Should Bitcoin Switch to the Proposed PoWx Solution?

Bitcoin’s proof-of-work mining algorithm has sparked a few debates over the past few months. It is considered to be a huge waste of electricity and a borderline environmental disaster. A new proposal has been put forward under the PoWx banner.

2018-7-7 20:00
mining powx few bitcoin banner very new

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A techno-economical treatment in Bitwine

Some famous bitcoin fortunes include: Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Indeed, the only way for the price of bitcoin to go to zero, as pundits are fond of hypothesizing, would be for bitcoin to stop being useful or scarce.

2018-7-7 10:21	Satoshi Nakamoto
bitcoin price stop hypothesizing fond being useful

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Quebec Mining Drama: Bitmain Money Muscle or Local Sour Grapes?

Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain.

2018-7-6 16:50	Switzerland
mining quebec bitmain grapes muscle money drama

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Japanese Man Exploits Free Company Electricity to Make $500 Secondary Income Mining

Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission.

2018-7-6 10:25	N-Featured
japanese mining electricity company income free man

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Tom Lee, of Wall Street, reduces his end of year bitcoin price goal by approximately 20%

Bitcoin at $6,600 brings prices back to the lows in April, which marked the halt of a slide from nearly $20,000 in late 2017. Cryptocurrency miners use high powered computers that use a lot of electricity to complete a series of complex calculations to create a bitcoin. The bitcoin protocol calls for a finite number

2018-7-5 20:41	Cryptocurrency
bitcoin use finite calls high number miners

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Cryptocurrency Mining Sparks Both Hope and Ire in Iceland

Cryptocurrency mining has quite an iffy reputation in Iceland as it’s a source of both pain and joy of the local community. Iceland has become a haven for Bitcoin mining due to their favorably cool climate and the cheap cost of geothermal and hydro-powered electricity.

2018-7-5 16:49	Mining
cryptocurrency mining iceland both reputation sparks bitcoin

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Bitcoin [BTC] mining in Iceland to be taken over by machine learning

Bitcoin [BTC] mining has become popular in Iceland, due to its cool climate and cheap energy costs. More recently, however, the infrastructure used for the mining process may be reused. Electricity consumed by the farms equal almost as much energy as all of Iceland’s households combined.

2018-7-5 08:19	News
iceland mining bitcoin energy btc farms consumed

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Blockchain Technology Now Being Utilized for Selling Excess Electricity

The idea behind people selling excess electricity to each other is now becoming a reality through the use of blockchain technology. Australia’s blockchain start-up Power Ledger and Clean Energy Blockchain Network are using blockchain technology to gather and digitize the electricity information of consumers.

2018-7-4 16:29	blockchain
blockchain excess electricity technology selling use people

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70% of China’s Bitcoin mining facility damaged due to heavy floods

Overview Southwestern Chinese province, Sichuan has just been struck with heavy storms bringing damaging floods which have wiped out many Bitcoin mining machines. China is known for being a world-wide leader in Bitcoin mining as they have cheap electricity, excess coal, and most of the leading Bitcoin mining pools situated there.

2018-7-2 18:39	News
bitcoin mining china heavy floods facility damaged

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How Blockchain and A.I. Can Disrupt the Electricity Industry

Julius Tan, the 29-year-old co-founder and CEO of Electrify, believes that the electricity industry is ready for disruption. By using blockchain technology and artificial intelligence, he is confident that he can transform the once centralized industry into a new decentralized and sharing economy.

2018-6-29 20:14	blockchain
blockchain industry electricity electrify disrupt tan existing

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Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China

In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian exclave […] The post Mining Round-Up: Ebang Files for IPO in HK, Miner Arrested in China appeared first on Bitcoin News.

2018-6-28 12:55
mining miner arrested ebang ipo round-up china

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Chinese Crypto Miner Trying to Defraud Electricity Company Busted

Chinese police, recently, seized over 200 computers used to mine the digital currencies Bitcoin and Ethereum after a miner tried to defraud an electricity company over his power bills. The Xinhua News reported that the man stole 150,000kW hours of electricity in just one month.

2018-6-26 22:32	Mining
electricity company chinese defraud miner trying power

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Abandoned Intel Manufacturing Complex Bought for $13M to Mine Bitcoin

Following such places as Quebec and New York, the latest location in North America to attract large Bitcoin mining operations with a cheap supply of electricity is Colorado Springs. A miner has paid $13 million to convert an abandoned Intel chip manufacturing complex into an industrial mining farm.

2018-6-25 19:40	USA
bitcoin intel manufacturing abandoned complex mining mine

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Quebec electricity price hike: Crypto miners must pay up to 3 times the current rate

Japan Confirms Entrance Into the Crypto Space Price Hike for Crypto Miners Quebec, a province in eastern Canada, offers one of the lowest power rates in North America. Quebec has been trying to attract crypto miners with its inexpensive electricity and cold winters, as news.

2018-6-23 07:32
crypto quebec miners electricity hike price cold

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Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00
mining intel bitcoin springs colorado crypto electricity

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Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations.

2018-6-23 05:40	Virtual Currency
times miners crypto price current quebec rate

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Bitcoin Miner “Stole” 150 MW of Electricity according to Chinese Police

A Chinese man has found himself in police custody after attempting to steal electricity to fund his unprofitable Bitcoin mining operation, local media outlet Xinhua reports June 22. The suspect, known only by his surname Ma, allegedly mined Bitcoin and Ethereum on two hundred computers in the country’s Anhui province, all of which have been

2018-6-22 19:06
bitcoin chinese police electricity surname allegedly only

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Chinese Police Arrest Bitcoin Miner Who ‘Stole’ 150 MW of Electricity

A Bitcoin miner who failed to pay a 150 megawatt electricity bill has been arrested by police in China’s Anhui Province

2018-6-22 17:02	Crimes
electricity miner 150 police bitcoin arrested province

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Hydro-Quebec Increments Power Costs by 300% for Bitcoin Miners

The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As a result of this uneasy situation, the regulator will allow Hydro-Quebec to raise its electricity prices.

2018-6-22 08:49
bitcoin electricity regulator allow hydro-quebec prices costs

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Hydro-Quebec Increases Electricity Prices by 300% for Bitcoin Miners

Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners.

2018-6-22 05:00
miners mining electricity bitcoin prices such rates

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Kosovo Offers Inexpensive Cryptocurrency Mining

Cryptocurrency mining can get rather costly, given its massive energy consumption. But the Southeastern European country of Kosovo could provide a solution to that dilemma. While Kosovo might be recognized as one of Europe’s poorer countries, it does have one of the cheapest electricity rates in the region.

2018-6-20 23:02	Mining
cryptocurrency kosovo mining inexpensive offers one rates

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“No Grounding In Reality”: BIS Report Tells A Strange Crypto Story

Earlier this week, the Bank of International Settlements (BIS) in Switzerland issued a new document as part of its annual economic report that warns citizens of the dangers of digital currencies.

2018-6-20 22:29
report bitcoin blockchain energy mining bis cryptocurrency

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Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining

Kosovo has one of the lowest electricity prices in Europe. In the UK for comparison, the price is about 19 US cents per kilowatt hour; but, in Kosovo the price is less than half at 7 US cents. At only 7 cents per kilowatt hour, one Bitcoin can be mined for about 3000 US […] The post Cheap Electricity Fees Might Make Kosovo a Cryptocurrency haven For Mining appeared first on ZyCrypto.

2018-6-18 09:30	Mining
kosovo electricity cents price cheap per hour

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Mining Consumes Half the power of BECI Estimates-Coinshares

Mining Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland.

2018-6-17 08:41
mining consumed stories comparable energy annually claiming

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Mining Consumes Half as Much Power as BECI Estimates – Coinshares

Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland.

2018-6-17 07:20	Report
mining estimates consumed bitcoin stories power much

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New Blockchain-Based Renewable Energy Pilot to Power 500,000 Homes

As the effects of climate change make their mark across the globe, people are more wary of their carbon footprints and are gradually switching to renewable energy.

2018-6-13 22:17	Startups
energy e2m swytch power renewable trading blockchain

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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.

2018-6-11 01:34	Investing

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Cryptomining Applications Suspended in Quebec

Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.

2018-6-11 03:08	Mining

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Bitcoin Is Going To Use As Much Electricity As Austria By The Year’s End

At this point, mining Bitcoin requires such intensive, specific hardware that the only way for most people to get in on the crypto game is to simply purchase the coin via an exchange. But that doesn’t mean mining has slowed down.

2018-7-12 23:32
bitcoin mining most year going use electricity

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Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million

Ryan Salame, former FTX executive, sentenced to 90 months for fraud and unlicensed money transmission, faces $11M in penalties. The post Ex-FTX exec Ryan Salame sentenced to nearly 8 years, fined $11 million appeared first on Crypto Briefing.

EU draft standards deem MEV as ‘clear example of market abuse’ under upcoming MiCA rules

The European Securities and Markets Authority (ESMA) has been scrutinizing Maximum Extractable Value (MEV) as a clear example of illegal market abuse under its proposed technical standards for the Markets in Crypto-Assets (MiCA) regulation.

Coinbase claims SEC is trying to ‘side-step’ Howey test in latest appeal attempt

Coinbase believes the SEC is trying to “side-step” the Howey test by avoiding the question of whether a digital asset transaction carrying no post-sale obligations can be an investment contract.

Nigerian court delays Binance executives’ tax evasion trial

Citing failure to bring Tigran Gambaryan to court, Nigerian court postpones a court hearing in the Binance tax evasion case until June. A Nigerian court has delayed proceedings in the tax evasion case against the Binance crypto exchange, rescheduling the…

House passes FIT21 crypto bill with majority bipartisan support

The US House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21) on May 22. In all, 279 representatives voted yes, 136 voted no, and 15 abstained from voting on the proposed crypto legislation.

VanEck intends to be first spot ETH ETF issuer, argues against simultaneous approvals

VanEck Head of Digital Assets Research Matthew Sigel said on May 22 that the firm should be able to launch its spot Ethereum ETF before competitors. In a conversation hosted by The Block, Sigel said that VanEck was the first to file its S-1 registration statement and “fully expects” to receive comments and “go first.

US House passes landmark FIT21 crypto bill with bipartisan support

The US House of Representatives has approved the Financial Innovation and Technology for the 21st Century Act (FIT21), a wide-reaching crypto regulation bill, with significant bipartisan support despite opposition from the White House and SEC.

2018-10-8 23:00

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