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Power Outages in Russia’s Irkutsk Region Blamed on Home Miners


Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source...

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity


Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint...

The TUSIAD Business Group Calls for an End to Erdogan’s Low-Rates Policy


The Turkish president is facing several questions and criticisms against his announcement of a new monetary policy. The TUSIAD business group has urged Erdogan to go back to the rules of economic science. Erdogan has also been asked to completely write off the new policy that is based on low rates....

ADALend: Protocol Efficiency on Cardano in Handling Interest Rates


Crypto traders turn to fixed-income instruments like bonds and stocks to diversify their portfolios. The cryptocurrency market is a legitimate source of debt securities that are no less reputable than their equivalents and is a substantial economic force to reckon. With interest rate derivative...

German Savings Banks Consider Offering Crypto Services to Customers


An association of savings banks in Germany is looking to offer crypto services to customers in a pilot test that would include the development of a crypto wallet. The association, which has more than 50 million customers, would be acting amidst a wave of cryptocurrency interest ostensibly sparked...

China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations


The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners...

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