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May 16, 2025
Comments Off on Paraguay deports three undocumented immigrants after crypto mining theft attempt
Paraguayan law enforcement has deported three individuals and arrested another for attempting to steal crypto miners at a facility near the country’s Itaipu hydroelectric dam.
According to a May 15 statement from Paraguayan prosecutor Irene Rolón, the men were caught by police soon after breaking into a locked section of Teratech SA’s facility in Coronel Bogado, leading to their arrest.
Prosecutors believe the men may have had ties to Teratech as independent contractors, but are still waiting on official confirmation from the company’s CEO.
The three deported were Chinese nationals Jinping Duan, Tian Jianyun and Zheng Guanglong, who did not have official entry records into the country. Paraguayan authorities and Interpol believe the men illegally entered through Brazil or Bolivia.
The other person arrested, Nahun María Velázquez Garcete, is a legal resident in Paraguay but is believed to be part of a criminal organization.
He has been charged with aggravated theft and is currently in pretrial detention.
The arrested individual was hospitalized in critical condition soon after the arrest, but the injuries sustained weren’t disclosed.
Paraguayan officials believe other individuals were involved in the attempted theft and are working to identify those people. As such, the case is still under investigation.
Deportees may have been working illegally for months
Rolón believes the undocumented immigrants had been in Paraguay for several months and had come to work as programmers. However, it isn’t clear whether that work was performed for the company.
Paraguayan officials are waiting on a report from Teratech’s CEO to determine the exact nature of his relationship with the three men.
Related: Bitcoin miner Hive taps Paraguay for low-cost energy partnership
Paraguay is considered well-suited for crypto mining operations due to its abundant renewable energy resources, much of which is underutilized.
The Itaipu dam has become a popular site for miners to set up, as it supplies all of Paraguay’s local electricity needs and leaves a large amount of excess electricity to tap into.
Magazine: Korea to lift corporate crypto ban, beware crypto mining HDs: Asia Express
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May 14, 2025
Comments Off on New Hampshire Senate to vote on controversial crypto mining bill
apple | google play, bill, Catherine Corkery, controversial, crypto, crypto mining, digital asset mining industry, digital currency, digital currency mining operation, download, electricity, free wmur app, go, groundwork, Hampshire, Keith Ammon, Keith Murphy, large scale, legislation, lot, Mining, necessary computational power, New Hampshire, new hampshire senate, NH, place noise ordinance, r-manchester, Senate, subscribe, Tim McGough, vote
State senators are expected to vote on a controversial bill aimed at enticing digital currency mining operations to New Hampshire.On a large scale, digital currency mining can produce a lot of noise as the necessary computational power generates tremendous heat, which can require fans for cooling.”The one objection that I heard that had any merit to me was the sound, possible sound impacts, and the bill specifically recognizes that towns can still put in place noise ordinances that would affect the placement, and it would be effective,” said Sen. Keith Murphy, R-Manchester.The bill acknowledges existing noise ordinances but would prohibit targeted decibel limits on the budding industry.>> Download the free WMUR app to get updates on the go: Apple | Google Play <<Critics of the bill raised several concerns.”There is high energy use. There’s high water usage. There are really loud 24/7 noises coming from these facilities,” said Catherine Corkery of the Sierra Club.Supporters said the environmental concerns are overblown.”We’re not talking about a nuclear reactor, where water could be potentially discharged into a system or river, lake or stream. We’re a long, long ways from that. I ask you to support this, to send a message to the technology world that New Hampshire welcomes business, welcomes innovation,” said Sen. Tim McGough, R-Merrimack. The bill’s prime sponsor said New Hampshire’s electricity costs are too expensive to make the state attractive, but this legislation is about future opportunities.”It’s a huge, burgeoning industry, and we want New Hampshire to be a part of it. The people opposing blockchain, they might as well be opposing the internet; it’s ridiculous,” said Rep. Keith Ammon, R-New Boston.>> Subscribe to WMUR’s YouTube channel <<
CONCORD, N.H. —
State senators are expected to vote on a controversial bill aimed at enticing digital currency mining operations to New Hampshire.
On a large scale, digital currency mining can produce a lot of noise as the necessary computational power generates tremendous heat, which can require fans for cooling.
“The one objection that I heard that had any merit to me was the sound, possible sound impacts, and the bill specifically recognizes that towns can still put in place noise ordinances that would affect the placement, and it would be effective,” said Sen. Keith Murphy, R-Manchester.
The bill acknowledges existing noise ordinances but would prohibit targeted decibel limits on the budding industry.
>> Download the free WMUR app to get updates on the go: Apple | Google Play <<
Critics of the bill raised several concerns.
“There is high energy use. There’s high water usage. There are really loud 24/7 noises coming from these facilities,” said Catherine Corkery of the Sierra Club.
Supporters said the environmental concerns are overblown.
“We’re not talking about a nuclear reactor, where water could be potentially discharged into a system or river, lake or stream. We’re a long, long ways from that. I ask you to support this, to send a message to the technology world that New Hampshire welcomes business, welcomes innovation,” said Sen. Tim McGough, R-Merrimack.
The bill’s prime sponsor said New Hampshire’s electricity costs are too expensive to make the state attractive, but this legislation is about future opportunities.
“It’s a huge, burgeoning industry, and we want New Hampshire to be a part of it. The people opposing blockchain, they might as well be opposing the internet; it’s ridiculous,” said Rep. Keith Ammon, R-New Boston.
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May 13, 2025
Comments Off on AI Infrastructure Company Sues Insurers Over Crypto Mining Theft
Crusoe Energy Systems LLC is suing Markel Group Inc. and several of its insurance units over their refusal to pay for the AI infrastructure company’s losses tied to the theft of its cryptocurrency mining equipment.
The insurers had issued several policies to Crusoe, a Denver-based company that at one point planned to use excess gas from oil field infrastructure sites to power Bitcoin mining. It has since pivoted to AI infrastructure and is set to play a role in the Stargate data center project led by OpenAI, SoftBank Group Corp., and Oracle Corp.
Crusoe suffered a loss of insured crypto …
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May 13, 2025
Comments Off on Trump’s Memecoin Tanked, But His Family Has a New Crypto Hustle
Like father, like sons.
Scam Fam
Donald Trump’s eponymous meme coin is all but worthless now — but that’s not stopping his kids from launching their next crypto scheme. As Bloomberg and other outlets report, the president’s sons, Eric and Donald Jr., are taking their Bitcoin mining venture public on the traditional stock markets.
Known as American Bitcoin Inc., the Trump boys’ mining and strategic reserve company is slated to be acquired by Gryphon, another crypto mining firm. When news of the deal broke, shares for Gryphon spiked a whopping 460 percent to $2.93 per share — though it’s since dropped down below $2.00.
Previously known as American Data Centers Inc., the venture was launched in February by the elder Trump sons and a group of investors. With the merger, existing investors will own about 98 percent of the company, which will trade under the ticker ABTC.
As CNBC notes, Eric Trump, the company’s cofounder and chief strategy officer, has distanced himself from his father’s administration to focus on crypto full-time without the appearance of conflict of interest.
“We won the space race,” the middle Trump son told CNBC back in early April. “We better win the crypto race.”
Little Wins
Notably, this merger comes at the same time as the president’s own flailing crypto venture, his eponymous $TRUMP coin, hosted a bizarre contest: a dinner with the POTUS for those who own the most of the meme coin.
Though new buyers spent nearly $150 million to get the chance to dine with Trump at one of his golf clubs, savvier investors figured out a smarter scheme.
According to the New York Times, at least 17 of the 220 winning bidders of the contest no longer had any of the coin by the end of the three-week contest period. They apparently exploited a loophole that stipulated only that top bidders must have $TRUMP coin in their wallets before the contest window ended, rather than having it at the time it closed — essentially suggesting that those holders sold off their coins to eager investors while raking in the wins for themselves.
Despite the likely corrupt drama surrounding that scheme, $TRUMP is still only worth about $12.75 per token — more than its all-time low of around $7.50 last month, which fell in the wake of the president’s tariffs announcement, but that’s not saying much.
More on crypto scams: Hawk Tuah Girl Says She’s Horrified by What Happened With Her Crypto Launch
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