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Major African Insurer Refuses to Cover ‘Risky’ Crypto Mining Equipment
Posted on Author 4btcnewscom825
By CCN Markets: One of Africa’s largest insurer, Old Mutual, announced that it will no longer cover crypto mining equipment due to lack of regulation, wrote IOL on June 12. After researching the industry, the Pan-Africanist financial group discovered a number of reasons that prompted it to make the decision that will not sit well with crypto miners. […]
Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada
Posted on Author 4btcnewscom825
By CCN.com: Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie, has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining projects. Until now, crypto mining has been fiercely concentrated in China. But as Beijing mulls an outright […]
China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft
Posted on Author 4btcnewscom825
By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $ 1,500) for electricity theft. A federal court in the Hebei Province of China made the decision pursuant to a lawsuit filed by the Tangshan Power Supply Company, Chinese media reported. Specifically, […]
