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Indian Authority Uncovers Large-Scale Crypto and Hawala Operation, Arrests Key Player

2024-06-21 by admin Leave a Comment

Byte-sized news on the latest topics relating to crypto and technology.

India’s Directorate of Enforcement (ED) has arrested Manideep Mago under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an “illegal foreign remittances case” involving cryptocurrency. The investigation uncovered that a Delhi-based company sold cryptocurrencies worth over Rs. 1858 crore ($ 223 million) on crypto exchanges and made foreign remittances exceeding Rs. …

Peak Mining Signs $150M Deal for Microbt Bitcoin Miners, Eyes Large-Scale Liquid-Cooling Tech

2023-09-22 by admin Leave a Comment

According to Peak Mining, a subsidiary of Northern Data Group, the company has signed a contract with bitcoin mining rig manufacturer Microbt worth $ 150 million. This agreement will equip Peak Mining with 7 exahash per second (EH/s) of the latest next-generation BTC mining devices. Microbt and Northern Data’s Peak Mining Strike $ …