A Trend Micro report claims that over 120 fake crypto-focused apps are still operational in the Play Store, some exceeding over 100,000 downloads.
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Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins
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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in
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China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power
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India’s ICICI Bank warns remittance users to steer away from Bitcoin
The bank has also asked users not to invest any fiat currency that may have links to previous cryptocurrency investments.
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Banning cryptocurrencies to counter crime is a nonsensical excuse
Cryptocurrencies represent far less of a market for criminals compared to traditional finance, so crypto bans won’t solve the problem.
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