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Digital Asset Mining

Tether Denies Reports of Uruguay Exit Amid $4.8M Debt Dispute

2025-09-24
By: Elite Crypto News
On: September 24, 2025
In: Digital Asset Mining, Tether

Tether has denied reports that it is shutting down its mining operations in Uruguay following a US$4.8 million debt dispute with the state-owned electricity company, UTE. Local reports had claimed that UTE cut power to Tether’s facilities over an unpaid US$2 million electricity bill and that the company owed anContinue Reading

Monero Faces 51% Threat as Qubic Exploits Network for ‘Economic Demo’

2025-07-29
By: Elite Crypto News
On: July 29, 2025
In: Digital Asset Mining, Monero

Qubic uses Monero mining via uPoW to earn XMR and reinforce its own AI-secured blockchain. Mined Monero is converted into Tether, then used to buy and burn QUBIC tokens in a loop. Qubic’s mining power surged to 40% of Monero’s network before settling near 27% by late July. The MoneroContinue Reading

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