U.S. Seizes Bitcoin Mining Machines Over AI Chip Concerns

Share This Post

The post U.S. Seizes Bitcoin Mining Machines Over AI Chip Concerns appeared first on Coinpedia Fintech News

U.S. Customs and Border Protection (CBP) has expanded its crackdown on Bitcoin mining ASICs, seizing devices from MicroBT, Canaan, and Bitmain at the request of the FCC. The issue stems from AI chips in these machines that lack FCC approval. Previously, CBP only targeted Antminer models, but now multiple manufacturers face customs clearance delays at various U.S. ports. Some firms have lost millions in seized equipment, and affected companies are considering legal action. With the crackdown widening, major mining hardware suppliers are struggling to navigate increasing regulatory scrutiny.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Mining Explosion in Malaysia Exposes Power Theft Activities, Authorities Step In

The post Bitcoin Mining Explosion in Malaysia Exposes Power Theft Activities, Authorities Step In appeared first on Coinpedia Fintech News In a recent incident in Malaysia, an illegal Bitcoin mining

FreeCoins24.io – The Leading Platform for Crypto Airdrops Since 2018

The post FreeCoins24io – The Leading Platform for Crypto Airdrops Since 2018 appeared first on Coinpedia Fintech News Discover FreeCoins24io: Your Gateway to Earning Free Crypto Since its launch in

Bitcoin Faces CPI Shock—But Research Firm Says ‘Buy The News’

Bitcoin and the broader crypto markets faced a jolt on January 12 after the latest US Consumer Price Index (CPI) data came in hotter than expected The shock sent Bitcoin briefly downward before

Bitcoin ETFs Experience Third Consecutive Day of Outflows With $251 Million Loss

On February 12, bitcoin ETFs experienced a third consecutive day of outflows, losing $251 million due to significant withdrawals from FBTC and ARKB Bitcoin ETFs Extend Outflow Streak Bitcoin and

Why XRP Price is Up Today?

The post Why XRP Price is Up Today appeared first on Coinpedia Fintech News Ripple’s native token XRP is showing strength in the crypto market, trading around $249 reflecting a gain of 3% seen in

Top Meme Coins to Buy Now As the Sector Grows 1,500%

Meme coins were the fastest-growing sector in 2024, with an over $100B or 1,500% cumulative market cap increase In contrast, Bitcoin’s market cap didn’t even grow 200% The second top gainer was