Category Archives: Blog

French Luxury Fashion Label Balenciaga Lists BTC, ETH as Payment Alternatives to Fiat, Cards

French high end fashion brand Balenciaga has decided to make crypto payments live in its US-based flagship stores starting this June. The brand says it is unfazed by the market volatility that the crypto sector is often called out for. Balenciaga, on the other hand, is looking to expand its payment alternatives in order to…

Unlawful Crypto Mining Unearthed in Russia’s Oldest Prison, Warden Accused of Electricity Theft

Central Moscow-located Butyrka prison was being used as an illegal crypto mining centre. When mining equipment was identified inside the prison premises, an investigation was launched into the case. Over 8,400 kW of electricity is estimated to have been used between November 2021 and February this year, by people who were minting cryptocurrencies from inside…