News with the tag "crypto mining industry"

A US Federal Judge in Little Rock has temporarily halted Arkansas State’s efforts to shut down a crypto mining firm owned by a Chinese-born man. The ruling comes after the firm requested a Temporary Restraining Order (TRO) claiming illegal discrimination. Related Reading: Solana’s Pump.Fun Under Fir...

The US Supreme Court has decided to review a case involving tech company Nvidia Corp.’s crypto mining revenue, which could significantly impact shareholder lawsuits. According to Bloomberg, Nvidia is seeking to dismiss an investor suit claiming that the company was “deceptive” about its dependency o...

Over the last couple of years, the US government has tried to tighten its grip on different sectors of the crypto industry. As a result, these efforts have received significant backlash from politicians and central figures within the crypto space. This week, another crackdown on the crypto industry ...

The US Securities and Exchange Commission (SEC) has taken legal action against Geosyn Mining, LLC, a Texas-based crypto mining and hosting company, and its co-founders, Caleb Ward and Jeremy McNutt, over allegations of engaging in unregistered and fraudulent activities. Geosyn’s Alleged Fraud Scheme...

PayPal’s Blockchain Research Group has joined Energy Web and DMG Blockchain Solutions to support “sustainable” Bitcoin mining. According to the paper, the collaboration “presents an opportunity to accelerate the clean energy transition” using crypto-economic incentives. Related Reading: Crypto Exper...