mining

US authorities to impose 30% electricity tax on crypto mining

0xMain
March 10, 2023

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The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the web3 space since...

SEC sues Utah-based Green United over $18m crypto mining scam

0xMain
March 7, 2023

18m, Crypto, green, Hacking, mining, scam, SEC, sues, United, Utahbased

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Utah-based firm Green United, accusing the company of violating federal securities laws by selling $18 million worth of fake cryptocurrency mining equipment. According to the SEC, Green United and its founder,...

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US school employee charged for mining crypto with stolen electricity

0xMain
February 24, 2023

charged, Crypto, electricity, employee, Hacking, mining, school, stolen

A former assistant facilities director at Cohasset High School in Massachusetts, Nadeam Nahas, is facing accusations of running a cryptocurrency mining operation within a crawlspace at the school. Nahas was scheduled to appear for arraignment at Quincy District Court on Feb. 23. However,...