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Crypto, crypto farm, crypto mining, Cryptocurrencies, Cryptocurrency, Mining Units, mining tools, Mining Farm, mining {hardware}, mining machines, Moscow, Regulation, theft, Russia, russian, Theft, Thieves
Armed robbers have plundered a big crypto mining facility not removed from the Russian capital, native media reported. The unidentified perpetrators stole dozens of video playing cards within the newest incident involving theft of coin minting {hardware}, which has been on the rise in Russia.
A crypto mining farm within the village of Kuchino, close to the town of Domodedovo in Moscow Oblast, has been raided by thieves, the Russian crypto information outlet Bits.media reported on Wednesday. The mining facility was positioned in a warehouse owned by the Vkusvill grocery store chain.
In keeping with staff of the safety firm accountable for the compound, 4 people carrying masks entered the warehouse, threatened the guards with weapons and handcuffed them.
Then the attackers took away 4 containers with round 100 graphics processing models (GPUs) and different {hardware} used to extract digital currencies. Legislation enforcement authorities have estimated the worth of the stolen mining tools at round 1 million rubles (over $18,000 on the time of writing).
The perpetrators additionally tried to cover their traces by stealing the storage gadgets with the video data from the surveillance cameras. Russian police are actually in search of the thieves who could rise up to 12 years in jail if they’re caught.
That is one other case of theft of coin minting {hardware} in Russia after the operators of a mining resort in Irkutsk disappeared in June, stealing mining rigs value round $1.9 million from their shoppers. The variety of such incidents has elevated over the previous few years, together with the rising recognition of mining.
Bitcoin mining is amongst these crypto-related actions which might be but to be regulated within the Russian Federation. The cool local weather and low-cost power sources in a few of the nation’s areas are considered aggressive benefits for the event of the trade.
On the identical time, Russian authorities have been taking steps to restrict the unfold of residence crypto mining by elevating electrical energy charges for Russians minting with improvised installations of their basements and garages. The phenomenon has precipitated extreme consumption and breakdowns in residential areas in areas with closely backed electrical energy for the inhabitants.
Do you count on circumstances of crypto mining {hardware} theft to proceed to extend in Russia? Inform us within the feedback part beneath.
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Cryptocurrency News & Live Updates
Synopsis
Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.
Cardano (ADA) has seen a notable price increase, rising over 17% to $0.60, largely due to the first on-chain transaction proving Bitcoin’s state on its network, marking the start of a Cardano-Bitcoin bridge. Despite this bullish narrative, Cardano faces challenges, including a relatively inactive ecosystem and low total value locked in DeFi. Meanwhile, Dogwifhat (WIF) has also experienced a price surge, rising 43% to $0.92, with increased whale accumulation indicating potential for further gains. The token is forming a cup-and-handle pattern, suggesting a projected breakout target of $2.37. In regulatory news, concerns persist regarding stablecoin frameworks in the EU and Switzerland, with calls for clearer guidelines to support industry growth. Additionally, Fitch predicts the U.S. deficit will exceed 7% of GDP next year, highlighting broader economic challenges. Lastly, Amber International raised $25.5 million to expand its Crypto Ecosystem Reserve, reflecting a trend among crypto firms to bolster their balance sheets amid cautious funding cycles.
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Cardano’s price has increased for two consecutive days, reaching $0.60, driven by a significant development in its Bitcoin integration efforts. However, the coin’s price action suggests a potentially bearish pattern ahead.
Dogwifhat (WIF) token has seen a 43% increase, reaching around $0.92, driven by whale accumulation and bullish market indicators, suggesting further growth ahead.
Peter Märkl of Bitcoin Suisse highlights ongoing regulatory ambiguities for stablecoins in the EU and Switzerland, stressing the need for clearer frameworks under MiCA and addressing challenges like KYC requirements.
Fitch’s Richard Francis forecasts that the U.S. government deficit will surpass 7% of GDP next year, with the debt ratio nearing 120% of GDP by 2026, despite anticipated tax cuts.
Amber International Holding has raised $25.5 million to enhance its $100 million Crypto Ecosystem Reserve, aimed at supporting blockchain networks and product development.
As of July 3, 2025, Bitcoin has reached the 110,000 USDT mark, reflecting a modest 0.80% increase over the past 24 hours.
The IMF warns that President Trump’s proposed tax legislation may obstruct efforts to lower fiscal deficits and debt levels, potentially increasing the deficit by $3.3 trillion.
U.S. Treasury Secretary Besant predicts that numerous trade agreements will be finalized by July 9, impacting around 100 countries with at least a 10% reciprocal tariff.
Ondo Finance, in partnership with Pantera Capital, is initiating a $250 million fund to invest in projects focused on real-world asset tokenization.
Erebor, a new crypto bank backed by notable figures, aims to fill the financial void left by Silicon Valley Bank’s collapse by focusing on stablecoin transactions and services for tech companies.
ETH rose 0.55% to $2,584.90 following strong U.S. jobs data, which indicated labor market resilience and pushed the S&P 500 and Nasdaq to record highs.
Bitcoin’s market dominance has decreased slightly, now at 65%, as the U.S. jobs report is set to be released today, with expectations of a modest increase in nonfarm payrolls and a rise in unemployment.
OpenAI has denied any connection to Robinhood’s stock tokens, emphasizing that these tokens do not represent actual equity and warning users to exercise caution.
The IMF has turned down Pakistan’s request for subsidized electricity for crypto mining, despite plans to allocate 2,000 megawatts of surplus power to the sector.
The SEC has temporarily paused the launch of Grayscale’s Digital Large Cap Fund (GDLC) ETF for commissioner review, citing the need for standard-setting rather than political reasons.
Tether has minted an additional 1 billion USDT on the Ethereum network, as reported by Whale Alert, to manage liquidity and meet market demand.
Despite no crypto provisions in Trump’s budget, the liquidity boost may positively impact crypto assets.
Binance has launched two key upgrades to its Pay Send service, introducing features that allow users to send cryptocurrencies via phone contacts and on-chain transactions, enhancing speed, security, and convenience.
Analyst Turner from ING emphasizes the importance of the upcoming U.S. non-farm employment report in assessing the dollar’s downward trend, with potential implications for interest rates.
As of July 3, 2025, Bitcoin is trading at 108,959.99 USDT, reflecting a modest 1.55% increase over the past 24 hours, according to Binance Market Data.
As of July 3, 2025, BNB is trading at 659.69 USDT, reflecting a modest 0.46% increase over the past 24 hours.
The CME’s FedWatch tool shows a 76.7% chance that the Federal Reserve will not alter interest rates in July, with a 23.3% possibility of a 25 basis point cut.
YZi Labs has announced its participation in Digital Asset’s $135 million Series E funding round, joining major financial institutions to support the growth of the Canton Network, which facilitates on-chain asset tokenization for regulated institutions.
Despite initial excitement from President Trump’s directive to establish a Bitcoin reserve, legislative hurdles and a lack of public plans have stalled progress.
The Open Platform has reached a $1 billion valuation after securing $28.5 million in funding, marking a significant step for the TON ecosystem in integrating crypto with Telegram’s vast user base.
Beijing North Fonda has formed a strategic alliance with Guofu Quantum Innovation Co., Ltd., focusing on virtual assets and digital currency to enhance their global fintech presence.
Analysts report that the dollar has experienced its worst start to a year since 1973, with a significant decline in value against other currencies amid waning confidence in U.S. policies.
A class-action lawsuit has been filed against Strategy and its executives, including Michael Saylor, over a reported $5.9 billion loss in Bitcoin holdings due to new accounting rules.
Pepe Coin (PEPE) surged to $0.0000107, driven by whale accumulation and a broader crypto market rally, with large holders increasing their stakes by 5% over the past month.
U.S. Treasury Secretary Besent has downplayed worries regarding the dollar’s recent depreciation, asserting that its value is not tied to the strong dollar policy, which focuses on long-term measures to maintain its global reserve status.
Despite a decrease in initial jobless claims, U.S. continuing unemployment claims have risen to 1.964 million, the highest since November 2021, with significant contributions from the Deep Tristate area.
Nano Labs Ltd has acquired 74,315 BNB in an OTC deal, totaling around $50 million, raising its cryptocurrency reserves to approximately $160 million.
Tether has partnered with Adecoagro to explore renewable energy Bitcoin mining in Brazil, utilizing surplus energy from Adecoagro’s facilities.
On July 3, the U.S. House of Representatives voted to approve President Trump’s major tax reduction and spending bill, known as the ‘Big and Beautiful’ bill, with all Democrats and two Republicans opposing it.
Senator Cynthia Lummis has introduced a standalone cryptocurrency tax bill to reform the U.S. tax code for digital assets, including a $300 transaction threshold and tax parity with traditional financial assets.
Ripple Labs’ application for a U.S. banking license has sparked considerable speculation regarding XRP’s price, with analysts observing bullish momentum and potential resistance levels.
Sui (SUI) has reached around $3 following a week-long rally driven by Lion Group’s $600 million crypto treasury plan, marking a 15% increase over the past week.
Bo Hines, Executive Director of Trump’s Digital Asset Advisory Committee, predicts that stablecoin legislation could drive the cryptocurrency market’s growth to between $15 trillion and $20 trillion.
Nano Labs has initiated its strategy to acquire up to $1B in BNB by purchasing 74,315 tokens for $50 million in an OTC deal, signaling a shift in its business model amid declining hardware revenues.
Binance has rolled out two major upgrades to its Pay Send service, introducing features that improve the speed, security, and convenience of cryptocurrency transfers.
LOS ANGELES (CNS) — The operator and employee of a Bellflower financial services company are accused of allegedly stealing more than $1 million from low-income, primarily Spanish-speaking victims through a fraudulent cryptocurrency investment scheme, officials announced Friday.
Yone Rios, 53, of Rancho Cucamonga and Erwing Cuevas, 35, of Norwalk are each charged with 30 felony counts of grand theft. Rios is additionally charged with one felony count of forgery relating to an item exceeding $950 in value and one felony count of passing a non-sufficient funds check exceeding $950, according to the Los Angeles County District Attorney’s Office.
Between September 2020 and December 2022, Rios and Cuevas allegedly operated the scheme under the guise of a cryptocurrency mining business known as Zukre Platform Corporation. Although Zukre claimed to install, maintain and operate computing equipment to mine cryptocurrency, the company conducted no such operations and was not a registered business in California, prosecutors said.
The defendants allegedly recruited victims through their financial services business, Fuego Tax, also known as Supremo Tax, in Bellflower. Victims visited Fuego Tax to obtain assistance applying for high-limit credit cards and loans, but were often urged to use the loans or credit that Fuego Tax had assisted them in applying for to pay into the scheme, the District Attorney’s Office alleges.
Prosecutors contend Rios and Cuevas told victims that the investments were risk-free, guaranteed and protected by insurance. They allegedly provided “clients” with written contracts and instructed them to download a Zukre- branded mobile application, which purported to show ongoing profits from their investments, officials said.
Individual investments ranged from nearly $4,500 to $280,000. Despite repeated attempts, none of the victims received any returns or was able to recover their principal investments, according to the District Attorney’s Office.
Prosecutors are requesting bail be set for each defendant at $600,000.
If convicted as charged, Rios would face a sentence of up to 23 years and eight months in state prison, while Cuevas would face up to 21 years and four months behind bars, authorities said.
“My office will not tolerate financial predators who purport to offer legitimate services, but instead offer lies and devastating financial loss,” L.A. County District Attorney Nathan J. Hochman said in a statement. “Let me be clear: If you steal from our communities, whether in the streets or through sophisticated investment or cryptocurrency schemes, we will find you and hold you accountable to the fullest extent of the law.”
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