Tag: government

  • The U.S. Government Seems to Be Closing in on Bitcoin Mining

    For instance, the justification for the emergency order, granted by the Office of Management and Budget, was the recent crypto price rally, which saw bitcoin climb over 50% in a matter of months, which the EIA said would “incentivize more cryptomining activity, which in turn increases electricity consumption.” The U.S. Government Seems to Be Closing…

  • Estonian government will allow extradition of Hashflare defendants

    Ivan Turogin and Sergei Potapenko, the co-founders of inactive Bitcoin (BTC) cloud miner HashFlare, are again slated for extradition from Estonia to the United States. The Estonian citizens’ extradition was halted by an appeals court in November, but the Estonian government has since met the necessary conditions for its continuation. Turogin and Potapenko have been…

  • U.S. government to sell over $131m in Bitcoin seized from Silk Road

    The U.S. District Court of Maryland has issued a notice regarding the disposition of a substantial amount of Bitcoin from the former marketplace Silk Road, totaling over $131 million.  This action follows the court’s order in the case of U.S. v. Joseph Farace, where Bitcoin was seized from Ryan Farace and Shaun Bridges in 2021.…