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Bitcoin Bull Market May Drive Russian Miners Underground
22.11.2024
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners...
Russia to restrict crypto mining in 13 regions to save electricity
20.11.2024
If approved, the restrictions would seriously affect Russia’s crypto mining operations, as some key local industry firms have a heavy presence in regions like Irkutsk
13 Regions Face Crypto Mining Ban Under Russia’s New Energy Policies
20.11.2024
Russia’s governmental commission on electricity development approved cryptocurrency mining restrictions on Monday, set to take effect on Dec. 1 with subsequent enforcement covering Nov. 15 to March 15 annually through 2031. Deputy Energy Minister Yevgeny Grabchak confirmed the decision, which...
Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions
17.11.2024
The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national cryptocurrency law this month. Russian Energy Ministry...
Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds
1.11.2024
The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction
Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds
28.10.2024
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds
28.10.2024
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
Global Bitcoin Hashrate Moves to America Amid China’s Mining Ban
23.9.2024
In recent years, the global Bitcoin mining landscape has undergone a dramatic transformation. Once dominated by Chinese miners,…
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
3.7.2024
Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision...
UAE agriculture authority prohibits crypto mining on farms: Report
24.5.2024
Those caught mining crypto on farms face fines of up to 10,000 dirhams, or about $2,722
Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis
19.5.2024
The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric...
Venezuela bans crypto mining to protect power grid
19.5.2024
This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative
Paraguayan Lawmakers Introduce Bill to Temporarily Pull the Plug on Bitcoin Mining Operations
5.4.2024
A group of Paraguayan lawmakers is spearheading a bill that seeks to enact a temporary ban on cryptocurrency mining operations in Paraguay for 180 days or until the industry’s activities are properly regulated. The bill alleges that 28% of the energy losses of the National Power...
Paraguay Proposes Bitcoin Mining Ban Citing Power Issues
5.4.2024
14 Paraguayan senators have called for temporary prohibition of creation, and storage of cryptocurrencies, and banning crypto mining farms in the territory.
The post Paraguay Proposes Bitcoin Mining Ban Citing Power Issues appeared first on Cryptonews
Beijing Targets Cryptocurrency Mining Operations in New Energy Conservation Plan
7.2.2024
Beijing is prepared to apply a new policy to strengthen the actions to foster energy conservation in several aspects of the city’s operations, promoting carbon and pollution reduction. The plan proposes to increase the oversight level on Bitcoin mining activities, thwarting its remnants....
Pennsylvania Rep Revises Energy Bill, Drops Crypto Mining Ban
18.10.2023
Greg Vitali, a member of Pennsylvania’s House of Representatives, has revised an energy conservation bill in the state, opting to drop a proposed two-year ban on crypto mining permits.
The initial Cryptocurrency Energy Conservation Act, introduced by Vitali, included the mining ban as a response...
Pennsylvania Lawmaker Scraps Crypto Mining Ban to Advance Energy Conservation Bill
17.10.2023
The state's Environmental Resources and Energy Committee accepted the amended bill on Monday by a slim margin
Pennsylvania House Representative to Remove Crypto Mining Ban from Energy Regulation Bill
17.10.2023
A Pennsylvania House Representative has decided to eliminate a proposed two-year ban on crypto mining from a bill aimed at regulating the sector's energy consumption.
In a Monday filing, the Pennsylvania House Environmental Resources and Energy Committee approved the Cryptocurrency Energy...
Pennsylvania crypto mining permit halt cut from bill after union pressure
17.10.2023
The bill’s sponsor Greg Vitali included a clause that instead subjects miners to ongoing reporting requirements to get the bill past a House Committee
Brazilian Military, Police, Civil Servants Face ‘Crypto Mining Ban’
28.9.2023
The Brazilian state of Santa Catarina has barred public officials, including police and military officers, from mining crypto.
In an updated set of rules for public sector workers, the state wrote that public officials, including members of the armed forces and civil servants, should “refrain”...