In Abkhazia, a breakaway region backed by Russia, authorities recently raided a cryptocurrency mining operation, discovering a cooling cabinet filled with mining equipment but no drugs or weapons. Despite cryptocurrency mining being banned in the region, it has thrived due to low energy costs, leading to significant power shortages and severe blackouts affecting residents. As ...
Ukrainian President Volodymyr Zelenskiy has accused Slovakia’s Prime Minister Robert Fico of creating a “second energy front” against Ukraine, allegedly following orders from Russia. This comes amid a gas transit dispute as Ukraine is set to stop gas flows to Slovakia once their current deal expires at the end of the year. Fico recently visited ...
In Tehran, Iran, residents faced rolling blackouts during October and November, raising concerns about unauthorized cryptocurrency mining intensifying the power crisis. Many believe miners are exploiting subsidized electricity intended for low-income areas to power their operations. This surge in mining coincided with a rise in cryptocurrency value, prompting government officials to highlight the problem of ...
In a recent statement, Bundesbank President Joachim Nagel criticized Russian demands for global cooperation during the G20 summit, calling them a mockery in light of Russia's ongoing invasion of Ukraine. He emphasized that the war is contributing significantly to Germany's economic challenges.
