Georgia targets illegal crypto mining in Mestia crackdown: Report
Georgia will reportedly install electricity meters across Mestia to curb illegal crypto mining after officials blamed miners for grid strain and outages.
Crypto News·
Georgia will install meters in Mestia after officials said illegal crypto mining drove 2025 power use to 133M kWh and caused $9.4M losses.
Read full articleGeorgia will reportedly install electricity meters across Mestia to curb illegal crypto mining after officials blamed miners for grid strain and outages.
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Bitcoin price started a fresh decline below the $72,500 zone. BTC is consolidating and might continue to move down if it dips below $70,500. Bitcoin failed to stay above $73,500 and extended losses. The price is trading below $72,500 and the 100 hourly simple moving average. There was a break below a bullish trend line with support at $73,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $72,500 and $73,500 levels. Bitcoin Price Takes A Hit Bitcoin price failed to stay above the $74,000 support zone. BTC remained in a bearish zone and extended losses below the $73,500 level. There was a move below the $73,000 level. There was a break below a bullish trend line with support at $73,250 on the hourly chart of the BTC/USD pair. The price even dipped below $72,000. A low was formed at $70,581 and the price is now consolidating losses with a bearish angle below the 23.6% Fib retracement level of the downward move from the
Georgia's crackdown on illegal crypto mining in Mestia highlights the need for robust energy regulation to prevent infrastructure strain and economic losses. The post Georgia cracks down on illegal crypto mining in Mestia with mass meter installation appeared first on Crypto Briefing.
Georgia, Tbilisi, 1st June 2026, Chainwire The post Swapzone Adds Real-Time KYC and Execution Data to Pre-Swap Interface appeared first on The Daily Hodl.
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