Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets
Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to enter into the regulatory framework except for notifying that cryptos are not a legal means of payment for goods and services,” said the Thai finance minister. Thai Central Bank Will Help Regulate Crypto Industry Thailand...
Iran Places First Official Import Order With Cryptocurrency Worth $10 Million
Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread in foreign trade with target countries,” the official added. Iran Uses Crypto to Place Import Order Iran placed its first official import order for $10 million worth of goods in cryptocurrency this week. Alireza...
Cleanspark Acquires Plug-in-Ready Bitcoin Mining Facility With up to 86 MW of Capacity
On Tuesday, the bitcoin mining company Cleanspark announced it acquired a plug-in-ready bitcoin mining facility that is scalable to 86 megawatts (MW) of capacity. Presently, the newly opened site in Washington, Georgia, has 36 megawatts, which is expected to give Cleanspark’s hashrate a 38% boost this quarter. Publicly-Listed Bitcoin Miner Cleanspark Expands Operations in Georgia After Cleanspark Inc. (Nasdaq: CLSK) revealed last...
PrimeWire Replacement HydraWire Sacrifices Itself to Hollywood
In April 2022, several Hollywood studios and Netflix won an injunction to shut down PrimeWire, a long-standing illegal streaming site and continuous thorn in the side of the MPA. The injunction was granted after the studios filed a massive copyright infringement lawsuit against PrimeWire in 2021. It aimed to close the platform down for a good after close to a decade of disruption activity against the site produced somewhat limited...
Netflix Piracy Thrives as Subscribers Rethink Their Streaming Subscriptions
As the first major legal subscription streaming service on the Internet, Netflix paved the way for a streaming revolution. The company began competing with piracy from the get-go, branding itself as a superior alternative. In the early years, the strategy paid off. Millions of subscribers switched from casually consuming pirated content on unlicensed platforms in favor of a convenient and reasonably-priced legal alternative. Piracy...
