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Cryptocurrency mining conference digs into economic slump

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Cryptocurrency mining conference digs into economic slump

Arrange obtained underway Wednesday afternoon for what’s billed as a mining convention. The gathering of cryptocurrency specialists and distributors comes at a time that’s been described as a crypto-crash. 

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Brad James, the occasion organizer mentioned they’re promoting perception.

“Perception, belief that it’s taking place and in understanding this has now been by way of many cycles,” mentioned James.

The three-day convention at Kalahari Resorts Conference Middle options greater than 70 audio system, 4 phases and 30 distributors. James believes the convention will assist crypto miners, massive and small, put together for a rebound

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“And now they perceive and eliminating that threat and the encompassing panic, proper now everyone sells concern, there doesn’t have to be concern there simply must be an understanding of what the business is the way it works and how one can capitalize on it particularly in an business we’re starting to professionalize,” mentioned James.

Surviving an financial downturn is just not the one matter being mentioned on the convention. Different sizzling subjects embrace the availability chain and rising rules.

“The priority is just that they are saying, you possibly can’t do that together with your energy,” mentioned Clark Vaccaro with Blockchain Safety Business Coalition.

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Vaccaro is anxious new rules, like in New York, shall be adopted in different elements of the nation.

“I wouldn’t be shocked at a sure level folks attempting to say, ‘no mining, you possibly can’t’ this vitality to mine which is loopy,” mentioned Vaccaro.

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Constructing a grid pleasant mining operation is among the many companies provided by distributors like Denton primarily based Moonshot.

“Mining is sort of a battery, particularly when you’ve gotten curtailment packages, so it is permitting {the electrical} infrastructure create a requirement in order that manner we will construct out {the electrical} infrastructure and when there’s a curtailment occasion than that energy will get re-directed to the properties and companies that want it, so I feel it’s a fantastic answer for the vitality calls for on the grid,” mentioned Moonshot Proprietor Ethan Ellenberg.

Ellenberg mentioned the demand for his or her companies is robust. However prices proceed to go up. Fueled by inflation and continued issues with the availability chain.

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Crypto

Ripple Highlights Transatlantic Initiative as Blueprint for Global Crypto Regulation

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Ripple Highlights Transatlantic Initiative as Blueprint for Global Crypto Regulation
A groundbreaking transatlantic initiative is fueling institutional blockchain adoption, spotlighting stablecoins, tokenized assets, regulatory alignment, and cross-border finance, with Ripple positioned to shape global standards and accelerate digital growth.
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Crypto

Texas brothers charged in cryptocurrency kidnapping, robbery in MN

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Texas brothers charged in cryptocurrency kidnapping, robbery in MN

A Washington County family was reportedly kidnapped and held hostage at gunpoint for hours by two Texas brothers who ultimately took more than $72,000 in cryptocurrency. 

Raymond Christian Garcia, 23, and Isiah Angelo Garcia, 24, were each charged via warrant with three counts of kidnapping, three counts of first-degree burglary, and one count of first-degree aggravated robbery for their alleged roles.

The incident led to the Washington County Sheriff’s Office issued a shelter in place order while they searched for the suspects. The incident ultimately led to the cancellation of a high school homecoming football game in Mahtomedi.

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Home invasion and cryptocurrency theft

The backstory:

According to the criminal complaint, a 911 call was received at approximately 4:45 p.m. on Sept. 19 from someone in Grant, Minnesota, stating that he and his family had been kidnapped and were being held hostage at gunpoint in their home. 

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The complaint details that on Sept. 19, a man was taking out the garbage at around 7:45 a.m. when the armed brothers allegedly forced him back into the garage and bound his hands with zip ties. The men then woke up the two other people in the house, also binding them. 

Raymond Garcia is accused of holding the 911 caller and his mother hostage for nine hours while armed with an AR-15-style rifle. Police said the upstairs bedroom door was tied shut with wire and needed to be cut in order to free them, according to the complaint. 

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Meanwhile, Isiah Garcia, armed with a shotgun, allegedly forced the man to log into his cryptocurrency wallet and transfer over $36,000 to an unknown account, charges state. After learning of a separate crypto wallet kept at the family cabin in Jacobson, Minnesota, Isiah Garcia allegedly forced the man to drive three hours and transfer the additional cryptocurrency, valued at over $36,000.

According to the complaint, the victim believed some of his crypto account information had been leaked during a data breach. The charges note that the men were frequently on the phone with an “unknown third party who directed [them] to transfer the cryptocurrency.”

The victim inside the house called 911, and multiple squad cars passed Isiah Garcia as they were driving back from the cabin. Isiah Garcia then turned the truck around, parked, and fled on foot before discarding the shotgun in a nearby field, charges allege. 

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Raymond Garcia was seen on camera running out the back door of the home. During a search of the area, authorities recovered an AR-15 rifle in a suitcase located in the tree line behind the home, charges said.

Brothers arrested in Texas 

The investigation:

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According to the complaint, Isiah Garcia rented a car near Houston, Texas, on Sept. 16 and drove to Minnesota. The vehicle’s GPS data placed the car near the victim’s home and a motel in Roseville. On Sept. 21, Isiah Garcia was taken into custody while driving the same rental car in Texas. 

Raymond Garcia went to authorities on Sept. 22 to report that his AR-15 had been stolen in Waller, Texas. During a search of the brother’s home in the Waller area, authorities reportedly found a firearm box with a serial number matching the AR-15 recovered in Minnesota. 

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At the time the criminal complaints were filed, both men were in custody in Texas. 

The Source: This story uses previous FOX 9 reporting and information from a Washington County criminal complaint. 

Crime and Public SafetyWashington CountyTexas
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EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam – Law360

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EU Enforcers Arrest 5 Over €100M Cryptocurrency Scam – Law360

By William Janes ( September 23, 2025, 2:12 PM BST) — Five people have been arrested on suspicion of carrying out a €100 million ($118 million) cryptocurrency fraud in a joint international operation by law enforcement agencies across Europe, a European Union law authority said Tuesday….

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