RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home Cryptocurrency

Kosovo Crackdown on Cryptocurrency Miners

Rate Captain by Rate Captain
January 11, 2022
in Cryptocurrency, Economics, News
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

AlsoRead

Ethereum sticks on a bullish trend

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

IMF- Global Economy growth is expected to be slow in 2023

Law enforcement agencies in Kosovo has enhanced attempts to punish cryptocurrency miners in the country, Kosovo police has already confiscated 300 mining machines.

The southeastern European country, officially known as the republic of Kosovo earlier in the year (11 January 2021) ban crypto mining to curb electricity consumption.

Due to cheap power prices in Kosovo in recent years, many young people in Kosovo have got involved in crypto mining. However, Kosovo declared a state of emergency for 60 days resulting from energy crisis and electricity shortages. Ever since, the Minister of Economy introduced a ban on crypto mining.

Furthermore, Bitcoin mining uses 101 TWh per year and occasionally more energy than some countries. Kosovo currently imports over 40% of its energy, making electricity a scare commodity to the economy.

The Kosovo police on Saturday, 8th January 2021, revealed that it had seized 272 “Antminer” Bitcoin mining machines in the municipality of Leposavic, and another 39 mining machines near Prishtina.

Meanwhile, the police also stopped a driver carrying six crypto mining machines with 42 graphics cards (GPUs) near Druar, in Vushtrri. The driver has since been interviewed and released.

 

Previous Post

Naira Begins the Week Frail, Trades at N568/$1 at the Parallel Market

Next Post

Dollar Demand Pressure may Force CBN to Review Interest Rate

Related News

Ethereum sticks on a bullish trend

Ethereum sticks on a bullish trend

by Rate Captain
February 3, 2023
0

Ethereum (ETH) rallied by 3.60% on Wednesday. Following a 1.21% gain on Tuesday, ETH ended the day at $1,642. After...

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

BTC’s Price Rises as Market Reacts to the Fed hawkish move.

by Rate Captain
February 2, 2023
0

The price of the crypto market leader, Bitcoin (BTC), spiked to a high of $24,253.28 over the last 24 hours...

IMF- Global Economy growth is expected to be slow in 2023

IMF- Global Economy growth is expected to be slow in 2023

by Rate Captain
February 1, 2023
0

The International Monetary Fund on Monday 31 January 2023 published its latest economic growth projections for 2023 and 2024 in...

Breaking News: All flights cancelled as aviation handling company strikes indefinitely.

Breaking News: All flights cancelled as aviation handling company strikes indefinitely.

by Rate Captain
January 23, 2023
0

The staff of the Nigerian Aviation Handling Company Plc (NAHCO) embarked on an indefinite strike action, which led to the...

Next Post

Dollar Demand Pressure may Force CBN to Review Interest Rate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Airtel Africa’s nine-month turnover hits $3.9billion.

Airtel Africa’s nine-month turnover hits $3.9billion.

February 3, 2023
Charges on cash transactions skyrocketed by POS agents.

Charges on cash transactions skyrocketed by POS agents.

February 3, 2023

Popular Story

  • CBN reduces over-the-counter withdrawals to N100k, N500k per week for individuals, companies

    CBN Directs Banks to Start Paying New Naira Notes Over the Counter.

    0 shares
    Share 0 Tweet 0
  • MTN Nigeria Annual profit hits N361.5 billion.

    0 shares
    Share 0 Tweet 0
  • Shell’s annual profit hits $39.9 billion.

    0 shares
    Share 0 Tweet 0
  • Charges on cash transactions skyrocketed by POS agents.

    0 shares
    Share 0 Tweet 0
  • Naira depreciates to N749/$ in the parallel market.

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>