Crypto Crackdown: House GOP Discovers 30 Firms Debanked In Operation Chokepoi...
In a recent report, Republicans on the House Financial Services Committee unveiled alarming findings related to Operation Chokepoint 2.0, revealing that at least 30 crypto firms have been debanked over the past years. The investigation, which began in the 118th Congress, sought to uncover coordinated efforts by the Biden Administration to hinder digital asset businesses […]
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Interpol has announced a significant recovery of assets totaling $439 million as part of a recent operation aimed at dismantling online scams, which included a substantial amount in crypto assets. This initiative, which took place from April to August of this year, involved collaboration among authorities from over 40 countries and territories. The operation resulted […]
In recent times, China has made moves to halt all forms of Bitcoin mining in its vicinity. According to the government, the operation is consuming more energy than necessary. There have been concerns on how the crackdown will affect crypto prices, given that other countries also picked up the trend. China’s action led to a […]
Due to the recent terror attack in Tunisia that caused fatalities for 30 UK residents, government officials have emphasized the need to have a crackdown on encryption systems. This raised the issue of anonymity among bitcoin transactions and secrecy with bitcoin firms. In a previous speech, UK Prime Minister David Cameron mentioned that the government does not approve of a communication medium that is completely shrouded in secrecy. What could this mean for bitcoin firms if the UK imposes laws pertaining to encryption? Bitcoin Firms in Trouble? Bitcoin transactions are considered....
The mining firm's expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022. Crypto mining firm BIT Mining, which recently announced it would be expanding out of the Chinese market, plans to purchase 2,500 Bitcoin miners for deployment in Kazakhstan.In a Wednesday announcement, BIT Mining said it had entered a $6.6 million agreement to buy 2,500 Bitcoin (BTC) mining rigs. The firm has already put 3,819 BTC miners into operation at data centers in Kazakhstan, with another 4,033 machines on the way. Once all are deployed, the addition of the....
Ripple has been listed alongside major firms as those who donated to a White House project. This comes as XRP rebounds, recording significant gains today. Ripple Among Big Tech Firms That Donate To White House Project XRP influencer Pumpius shared in an X post the private donor list of U.S. President Donald Trump’s new White […]