Altcoins
Kazakhstan’s central bank to test CBDC on BNB chain
The National Bank of Kazakhstan [NKB] will be testing the integration of their central bank digital currency (CBDC) on the BNB Chain.
Zoltan Vardai
Lens
Kazakhstan
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Regulation
Binance gets nod to operate in Kazakhstan
Binance has obtained a “permanent license” to operate a digital asset platform and provide custody services at Kazakhstan’s Astana International Financial Center, the world’s largest cryptocurrency exchange announced in a blog post on Thursday. See related article: Binance targets expansion in Philippines, Turkey, executive says Fast facts The license gives Binance the status of a […]
Timmy Shen
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Regulation
Binance receives in-principal approval to operate in Kazakhstan
The world’s largest cryptocurrency exchange, Binance, has received in-principal approval to operate a digital asset trading facility and provide custody services in Kazakhstan from the Astana Financial Services Authority (AFSA), the company announced on Monday. See related article: Crypto mining’s Great Migration continues — out of Kazakhstan Fast facts Binance is still required to complete […]
Lachlan Keller
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Bitcoin News
Singapore-based Bitcoin miner scales back Kazakhstan project
Concerns over power supply and cost uncertainties have prompted Singapore-based Bitcoin miner SAI.TECH (SAI) to terminate the remainder of its expansion plans in Kazakhstan, the Nasdaq-listed company said in a statement. See related article: Bitcoin rig maker Canaan to deploy self-mining soon in US, executive says Fast facts SAI has terminated the second phase of […]
Pradipta Mukherjee
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Bitcoin News
Chinese mining rig maker Canaan says global expansion on track despite ‘crypto winter’
Beijing’s drive to stamp out crypto mining and the slump in crypto prices are headwinds that Canaan says it knows how to deal with, adding that the crypto winter may be shorter than expected.
Timmy Shen
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Bitcoin News
Bitcoin rig maker Canaan to deploy self-mining soon in US, executive says
Chinese crypto mining rig maker Canaan is ramping up its mining business and will soon start self- or joint-mining operations in the U.S., Edward Lu, a senior vice president of Canaan, told Forkast in an interview on Thursday. See related article: Bitcoin rig maker Canaan reports over US$200 mln in Q1 revenue Fast facts “Today […]
Timmy Shen
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Bitcoin News
Beijing banned crypto mining, so China miners went underground
Authorities and Bitcoin miners play a cat-and-mouse game as miners find means to stay off the government radar and dodge crackdowns.
Timmy Shen
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Regulation
Kazakhstan orders Bitcoin miners to file status reports
Kazakhstan is mandating that cryptocurrency miners file regular status reports in a new ministerial order, as the Central Asian nation attempts to gain a stronger grip on the sector. See related article: Ex-Kazakh president’s brother busted for illegal crypto mining Fast facts Crypto miners must submit information including locations of mining facilities, IP addresses, power […]
Timmy Shen
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Bitcoin News
Bitcoin mining difficulty drops amid market turmoil
Bitcoin miners saw a 1.26% drop in mining difficulty on Thursday, the third time this year, while the price fell to less than US$40,000. See related article: Cryptos slump over inflation, Shanghai lockdown and war concerns Fast facts The mining difficulty level is now at 28.23 trillion at block height 731,808, after it saw an […]
Timmy Shen
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Bitcoin News
Ex-Kazakh president’s brother busted for illegal crypto mining
Former Kazakhstan president Nursultan Nazarbayev’s brother Bolat Nazarbayev was among 106 illegal cryptocurrency miners to halt operations in the government’s latest round of inspections, the Financial Monitoring Agency announced on Tuesday. See related article: Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns Fast facts See related article: Crypto mining’s Great Migration continues — […]
Timmy Shen
