Bitcoin Mining Crackdown: Laos To End Crypto Mining By Early 2026
Southeast Asian country of Laos is planning to reroute power away from Bitcoin and crypto mining operations by the end of Q1 2026. Laos To Direct Power From Crypto Mining To AI, EVs As reported by Reuters, Laos is looking to shift energy to industries that contribute more to economic growth than mining operations related […]
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More than $1 billion in crypto positions were liquidated in the past 24 hours as a broad sell-off sent Bitcoin from above $109,000 toward $105,000, with intraday prints near $104,700 on some venues. Related Reading: Bitcoin Mining Crackdown: Laos To End Crypto Mining By Early 2026 CoinGlass figures show roughly $717.7 million in perpetual futures […]
The BTC price slid under $105,000 on Friday, tagging a 15-week low and revisiting supports first probed during last week’s tariff-sparked selloff. Related Reading: Bitcoin Mining Crackdown: Laos To End Crypto Mining By Early 2026 Short-term momentum has weakened after repeated failures to hold above $112,000–$116,000, leaving price compressed between a $104,000–$107,000 demand zone and […]
Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of the prime minister.
Laos Embraces Digital Currencies
Laos has authorized mining and trading operations in its territory, contradicting policies from its central bank that issued warnings against crypto just a month before. The move comes....
Bitcoin mining took a big hit when the Chinese authorities commenced a crackdown on crypto mining. This had led to an exodus of miners out of China. Which had been the world’s headquarters of mining at the time. Over 70% of the entire mining in the world is carried out in China before the crackdown […]
Laos is exploring a new way to service the debts from its decades-long hydropower build-out: turning excess electricity into Bitcoin. In a report published on September 17, the South China Morning Post framed the pivot bluntly: “Saddled with debt and surplus electricity, the ‘battery of Southeast Asia’ is eyeing energy-intensive crypto mining to turn a […]