Auto Added by WPeMatico

Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity

According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to cease offering services to crypto miners. The Hydro-Québec report stresses…

Continue ReadingHydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity

Natural Gas Price Hike Hits Crypto Miners in Iran

Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new…

Continue ReadingNatural Gas Price Hike Hits Crypto Miners in Iran

New Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

A draft law designed to regulate the mining of digital coins in Russia is also legalizing the use of cryptocurrencies in international settlements. It has been submitted to the Russian…

Continue ReadingNew Mining Bill Permitting Cross-Border Crypto Payments Filed in Russian Parliament

Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine

The government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce…

Continue ReadingMoldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine

Russian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft

The lower house of Russian parliament, the State Duma, has voted against a piece of legislation designed to regulate cryptocurrency mining. While lawmakers turned down that proposal, which also aimed…

Continue ReadingRussian Parliament Rejects Mining Bill Allowing Crypto Payments, Expects New Draft

Bitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’

Russian revenues from the minting of bitcoin saw a multifold increase in the past few years before declining significantly since this past spring. The findings come from a new study…

Continue ReadingBitcoin Mining Revenue in Russia Grew 18 Times in 4 Years Before ‘Worst Quarter’

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been…

Continue ReadingEU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry

Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled…

Continue ReadingBinance to Offer $500 Million Worth of Loans to Crypto Mining Industry

Draft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

Cryptocurrency miners in Kazakhstan are to be required to convert up to three quarters of their income on locally registered exchanges, according to a new bill that’s advancing in the…

Continue ReadingDraft Law Seeks to Oblige Kazakhstan’s Crypto Miners to Exchange Bulk of Income in Country

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions…

Continue ReadingNorway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners