Tag Archives: Kazakhstan

Kazakhstan has identified and shut down ABS Change, a platform that was illegally trading cryptocurrencies. Three Kazakhstani citizens have been charged with running the exchange, which has been operating without a license since 2021. ABS Change, a platform illegally trading cryptocurrencies in Kazakhstan, has been identified and shut down, according to an update shared byContinue reading “Kazakhstan shuts down illegal crypto exchange, seizes $350,000”

At press time, Bitcoin had fallen below the $41,000-mark and was clinging on for life at $40,920.49. The king coin has crashed by 13.46% in the last seven days and while some investors might be fretting about the state of their portfolios, other giants have been buying the dip. A bit of this, a bitContinue reading “Bitcoin: Bitfarms might be the latest to ‘buy the dip’ with 1,000 BTC purchase”

The two new covid variants have clearly shown- 2022 is not going to be a smooth sail. While the COVID case count is one concern, another major trouble appears to be Bitcoin’s performance over the last month. The king coin is currently bleeding as the price plunged to a daily low of $42k, at theContinue reading “Bitcoin hashrate takes a hit following nation-wide internet blackout in Kazakhstan”

In the crypto world, Kazakhstan made a name for itself as the safe haven offering refuge to crypto miners fleeing China’s crackdowns. But the country is also active when comes to other parts of the fintech economy. Most recently, the National Bank of Kazakhstan released a report on the results of its CBDC pilot. CulturalContinue reading “National Bank of Kazakhstan releases report on results of CBDC pilot project”

Kazakhstan’s President Kassym-Jomart Tokayev is reportedly contemplating turning to nuclear energy, amid power shortage in the country. Nuclear power to the rescue In a recent event, the head of state was quoted as saying, “We are already feeling the first signs of a shortage of electricity in Kazakhstan…Therefore, looking into the future, we will haveContinue reading “Kazakhstan turns to nuclear power, as it is ‘already feeling first signs of electricity shortage’”

Russia’s Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due to the rapid development of cryptocurrency mining. Acting head of Inter RAO trading function Alexandra Panina told the papers, “Inter RAO is discussing a possibilityContinue reading “Can Russia rescue Kazakhstan’s dwindling crypto mining activity with its electricity”

While most of the Bitcoin market was flourishing until the last 2 days, when BTC dropped by 8.06%, we forgot to check up on the miners. Turns out, the miners’ behavior did not change much but the overall image of the miner market has changed. The exit and entry of different kinds of miners appearContinue reading “Will Bitcoin’s recent performance salvage Kazakhstan’s mining situation”

The United States of America has emerged to be one of the leading countries for Bitcoin mining after China banned its participation and involvement in crypto. It has been a surprising turn of events since until recently, crypto-enthusiasts in the U.S were worried about losing out to the world amid its regulatory pace. Nevertheless, theContinue reading “USA gains dominance as Bitcoin mining demographics change again”

Kazakhstan was barely known to the cryptocurrency community, until a few month ago. It has now become a sought after destination for cryptocurrency mining. Kazakhstan was among the regions that made the most  of the shutting down of cryptocurrency mining activities in China. Post this exodus, it now ranks #3 in global cryptocurrency production. LatestContinue reading “Crypto-exchange Bitfinex to launch operations in Kazakhstan”