Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts
Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.” However, Kazakhs...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Three of the Central Asian countries — Kazakhstan, Uzbekistan, and Kyrgyzstan — have been hit by a power blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances.”
However, Kazakhstan has blocked companies mining cryptoassets from Jan. 24 to Jan. 31, a spokeswoman for state-run grid operator KEGOC said, per Bloomberg.
Electricity supplies in Uzbekistan and Kazakhstan were being restored Tuesday....
Read More: Another Headache for Bitcoin Miners in Central Asia as Three Countries Hit With Blackouts
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ripple Prime Secures $275M Funding Boost to Power Its Expanding U.S. Crypto Business
Key Takeaways: Ripple Prime issued a $275 million, senior notes issue to fund operations in the U.S. business. The unsecured notes...
This public company now controls 18% of Zcash mining power after $33 million Winklevoss-linked deal
Cypherpunk Technologies acquired roughly 18% of Zcash’s mining power in a $33.33 million equity deal that could dilute shareholder...
Nearly 1 in 5 crypto spot trades now happen on DEXs as centralized exchange volume collapses
Centralized crypto exchanges lost 31.2% of their spot crypto trading volume in July, falling to $727 billion and marking the lowes...
Bitcoin flashes 8 capitulation signals, but traders just spent $552 million protecting against another crash
Bitcoin is showing some of the strongest capitulation signals of the current downturn, suggesting the selloff may be entering a la...
Bitcoin ETFs accumulate $1B in three days as bulls return
The rapid inflow into Bitcoin ETFs suggests increased institutional confidence, potentially stabilizing Bitcoin's market and influ...
Fidelity International plans to exit wholly owned China fund unit after just three years
Fidelity's exit highlights the challenges foreign firms face in China's market, questioning the viability of similar ventures by o...