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Bitcoin mining project in Kenya helps power rural community
9.12.2022
Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates
Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm
9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...
Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
9.12.2022
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential...
US Lawmakers Want Environmental Agency to Study Crypto Mining's Energy Impact
8.12.2022
U.S. Senators Ed Markey and Jeff Merkley and Rep. Jared Huff introduced a bill Thursday that would, if passed, direct the Environmental Protection Agency to study the energy usage and environmental impact of crypto mining
Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill
8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
8.12.2022
The 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...
Bank of Russia wants to ban miners from selling crypto to Russians
7.12.2022
The Russian central bank supports the idea of legalizing the crypto mining business, but only if miners sell their coins to non-residents of Russia
Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm
7.12.2022
A tailor’s shop in Kovel, Ukraine, has been exposed as a front for an illegal crypto mining operation. Its masterminds connected their rigs to the local power grid – and stole electricity to power their efforts....
Read More: Ukrainian Tailor’s Shop a Front for Illegal Crypto Mining Farm
Blockstream raising funds for mining at 70% lower company valuation
7.12.2022
CEO Adam Back said the fresh funding will be invested into expanding the firm’s mining capacity
Russia on the Verge of Legalizing Crypto Mining
6.12.2022
Russian lawmakers are inching closer to legalizing crypto mining – and could begin allowing industrial miners to operate as bona fide “entrepreneurs” as early as next month.
Anatoly Aksakov, the head of the State Duma’s Committee on the Financial Markets, last month claimed that a bill would...
BTC difficulty drops by the biggest margin since 2021
6.12.2022
Bitcoin mining difficulty has dropped by its biggest margin since July 2021 amid difficult conditions for miners
Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry
6.12.2022
The bill would cap how much the grid operator can charge bitcoin miners for electricity
Bitcoin’s Difficulty Slides 7.32%, Reduction Marks the Largest Drop in 2022
6.12.2022
On Dec. 5, 2022, at block height 766,080, Bitcoin’s mining difficulty adjustment dropped 7.32% lower, making it the largest difficulty reduction in 2022. The current difficulty is approximately 34.24 trillion and it will remain at this point for the next two weeks or 2,016 blocks. Bitcoin Miners...
Kentucky to scrutinize contracts offering cheaper electricity to miners
6.12.2022
An Earthjustice lawyer said the hearings and discovery process would give Kentuckians a good idea what they would be paying for by subsidizing the facilities
Bitcoin Mining Difficulty Drops Most Since July 2021 as Crypto Winter Cuts Profitability
6.12.2022
Bitcoin miners are being caught between rising costs and the lower price of bitcoin
Bitcoin Miner Riot Switches Mining Pool After Falling Short in November
5.12.2022
The miner used Braiins mining pool, which uses a payout method that caused the variance between Riot’s mining capacity and amount produced, according to a source
Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page & User Self-audit Tool
5.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: HashKey and SEBA Bank Join Hands, KuCoin Hires Mazars for Proof of Reserves, Bitget Launches PoR Page...
'Imminent' crash for stocks? 5 things to know in Bitcoin this week
5.12.2022
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts
Bullish on Bitcoin, US Senator Ted Cruz wants Texas to be a crypto oasis
4.12.2022
Texas combines plentiful and relatively low-energy prices with free enterprise, according to the lawmaker