Georgia makes residents pledge holy oath vs digital currency mining
As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different solution—a holy oath against mining.
Latest Kazakhstan News
Deadly protests in Kazakhstan lead to 5-day Internet outage, BTC hash rate drops 13%
Kazakhstan has been experiencing its deadliest protests ever with over 160 dead, and BTC hash rate took a nosedive after a five-day Internet outage.
Kazakhstan central bank reveals digital tenge pilot results
The National Bank of Kazakhstan plans to set up a retail digital currency on a distributed ledger technology, and is mulling the possibility of using the digital tenge for payment.
Kazakhstan completes CBDC prototype, but has yet to decide if there’s need for digital tenge
The Kazakh central bank worked with local banks and international partners on the prototype, but it will decide on the need for digital tenge by December 2022.
Xive shuts down facility in South Kazakhstan due to electricity crisis
Kazakhstan has been struggling with electricity shortage following the influx of block reward miners from China, forcing some miners to move again because of the new energy crisis.
Block reward miners are eating up Kazakhstan’s electricity
The boom on block reward mining in Kazakhstan comes after the mass exodus of miners from China's crackdown, forcing the country to import power and ration domestic supply to meet the surging demands.
Kazakhstan gov’t will not restrict power to legal miners
In a meeting with all stakeholders in the industry, the energy minister said that the government won’t interrupt power supply and vowed to go after illicit miners.
Kazakhstan passes new law to regulate digital currency firms
The Kazakh Senate approved the law that now puts the digital currency sector under the Digital Development Ministry and requires them to begin conducting AML.
Kazakhstan limits retail digital currency investment to 10% of annual income
The Kazakhstan financial regulator is seeking to protect investors from completely losing their capital in the volatile digital currency market, it claims.
Kazakhstan to limit miners to 100MW as power shortages bite
Kazakhstan has seen a spike in block reward mining activities over the past year, which the government sees as the cause of the rise in power outages in the country.
US overtakes China in terms of digital currency hash power
According to Cambridge Centre for Alternative Finance’s BTC mining map, US overtook China as the country with the majority of the hash power supporting the BTC network.
The9 Limited strikes deal to expand in Kazakhstan
The9 Limited and LGHSTR Ltd deal aims to invest and build digital currency mining facilities in Kazakhstan.