The city of Irkutsk's major utility provider is attempting to collect about $800,000 from crypto farm owners who are said to have caused an increase in electricity consumption in the Russian province
A cocktail of inflation and devaluation are combining to create a crypto bubble that players like Binance, Coinbase, and Crypto.com are not willing to miss out on.
El Salvador's president, Nayib Bukele, has announced that the country is investing in a geothermal power source for the building and operation of the planned Bitcoin City, which will be financed with the proceeds of "volcano bonds."
Alternative cryptocurrencies, which have less liquidity and higher volatility, might cause investors to suffer significant losses or gains in a short amount of time.