• Chain Reaction, a Tel Aviv-based blockchain startup, has raised $70 million as part of its Series C funding round. • The objective of the company is to expand its engineering staff to accelerate the production of its blockchain-focused silicon and collaborate in the development of its cryptographic-focused chips. • Chain Reaction plans to use its first batch […]
Norway Seizes $6M in Crypto from Axie Infinity Heist with FBI’s Help
• Norwegian authorities, in collaboration with the FBI and DOJ, have seized $6 million from the Axie Infinity heist. • The North Korean hacker group Lazarus was behind the heist. • The US Treasury Office of Foreign Assets Control sanctioned crypto mixer Blender.io for laundering proceeds from the attack. Norway Seizes Crypto Worth $6 Million From Axie Infinity […]
Russia Building $12.3M Crypto Mining Farm in Buryatia, Siberia
• A 100-megawatt data processing center dedicated to the minting of digital coins is being built in Russia’s Buryatia Republic. • The project is supported by a government-affiliated company and will cost 900 million rubles (over $12.3 million). • The facility will create about 100 jobs and be powered at almost half the regular tariff. State-backed Crypto Mining […]
Uzbekistan Grows Crypto Revenue to Over $300K with New Licensing System
Overview of the Article Uzbekistan has collected over $310,000 in revenue from the crypto sector. Crypto companies have to pay monthly fees for their activities, with exchanges such as Uznex paying more than $10,000 a month. Individuals and organizations related to crypto transactions are subject to taxation in Uzbekistan. Government Revenues from Crypto Sector Uzbekistan is receiving a […]
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