CryptoNews

EIA Launches ‘Emergency Survey’ on Crypto Mining's Power Use Amid Concerns of Alleged ‘Public Harm’

The U.S. Energy Information Administration (EIA) has gained clearance from the Office of Management and Budget (OMB) to conduct an urgent survey regarding electricity usage by cryptocurrency mining firms across the U.S. The EIA submitted this request on the grounds that “public harm is reasonably likely” should standard operations persist. Biden’s OMB Approves EIA’s Emergency Survey on…
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CryptoNews

Ripple Exec Chris Larsen's XRP Accounts Illicitly Accessed, Crypto Exchanges Freeze Assets

On Wednesday, Chris Larsen, the co-founder and executive chairman of Ripple, publicly revealed that several of his personal xrp accounts had been illicitly accessed. Larsen explained that the team successfully persuaded crypto exchanges to promptly freeze the affected addresses. $112.5 Million Transferred From Chris Larsen’s Accounts In the realm of social media, specifically within the X…
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CryptoNews

SEC Moves to Dismiss Lawsuit Against Crypto Company Debt Box, Citing Inaccuracies in Court

The SEC has decided to abandon its lawsuit against Debt Box, a crypto company previously accused of defrauding investors of millions. This decision follows the SEC’s acknowledgment of presenting misleading information in court, a revelation that undermines the agency’s case and credibility. Inaccuracies in Court Lead SEC to Drop Fraud Case Against Crypto Firm Debt Box The U.S. Securities and…
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CryptoNews

Argentine Government Drops Crypto Legalizing Opportunity From Omnibus Bill

The Argentine government, presided by Javier Milei, has resolved to drop the tax opportunities for crypto in the omnibus bill presented to Congress. The bill allowed taxpayers to declare the ownership of some previously undeclared assets, with crypto also included, reducing the payments and fees for this task. Argentine Government Excludes Crypto Opportunities From Omnibus Bill The Argentine…
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