In a bid to understand the crypto sector and impose a favorable tax structure the South African government has tasked a crypto assets regulatory working group with research responsibilities. The crypto asset working group will consist of various bodies from the government and are expected to table their report within this year. The bodies are… (0 comment)

According to a post on Facebook, the government of Abkhazia has cut off power to 15 crypto mining farms operating within its borders. In a bid to prevent blackouts Chernomorenergo the country’s electricity firm went ahead and cut power supply to the 15 miners. Cutting off power comes after Chernomorenergo issued warnings of power blackouts… (0 comment)

Bear market trend has led to players in cryptocurrency sector laying off staff. The situation has affected not only the smallest players but also the mighty. Per information on local news outlet South China Morning Post (SCMP) Huobi is set to layoff undisclosed number of personnel. Although the firm is laying off some of its… (0 comment)