Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

Russia Expects Sizable Increase of Crypto Miners’ Share in Power UsageThe crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity […]

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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy DemandAuthorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of […]

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Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister SaysConcerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners […]

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Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto Use

Indian Central Bank Makes a Case Before Supreme Court Against Allowing Crypto UseIndia’s central bank told the country’s supreme court on Friday that “allowing dealings in cryptocurrencies like bitcoin would encourage illegal transactions.” Other crypto petitions being heard include one asking the government to “take emergency steps to restrain the sale and purchase of illegal cryptocurrencies.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Argument […]

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Nchain & Coingeek Reveal ‘Miners Choice’ Initiative for BCH Dust Limit and Fees

Nchain & Coingeek Reveal 'Miners Choice' Initiative for BCH Dust Limit and FeesOn Tuesday the blockchain firms Nchain and Coingeek announced a ‘Miners Choice’ initiative that aims to promote lowering minimums for mining fees and transaction values. The company’s mining operations plan to lead the effort by adjusting their pool’s settings in order to remove the minimum ‘dust limit’ as well as accept some zero mining fee […]

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Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break

Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax BreakA Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies System to […]

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Survey: 60% of Americans Have Heard of Bitcoin, 5% Own

Survey: 60% of Americans Have Heard of Bitcoin, 5% OwnGlobal Blockchain Business Council and Survey Monkey teamed for an appraisal of American attitudes toward the world’s most popular cryptocurrency, bitcoin. Awareness of the decentralized currency is way up, but those who actually own the digital asset remains relatively low. Also read: Tezos Swiss Foundation Concept is “Old, Inflexible and Stupid” Americans More Bitcoin Aware, […]

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Jimmy Nguyen Discusses Nchain’s New Investment Arm and Bitcoin Cash

Jimmy Nguyen Discusses Nchain's New Investment Arm and Bitcoin CashEarlier this week the blockchain technology-based research and development organization, Nchain, announced a strategic partnership with ‘SBI Bits,’ a subsidiary of SBI Holding’s core fintech strategy branch. In addition to this news, Nchain recently appointed Jimmy Nguyen as its Chief Executive Officer in order to tackle the ‘next chapter’ of the firm’s roadmap. News.Bitcoin.com decided […]

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