Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution
The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved.
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This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
The green Bitcoin mining operator is also en-route to list on the NASDAQ exchange via a SPAC merger.
Law Decoded: Constitutions of the future will be ratified by DAOs, Nov. 15–22
An online initiative to secure a rare copy of the U.S. Constitution shows the power of Web 3.0 collective action.
‘We are the number two crypto miner in the world, and we see practically no financial return,’ says Kazakhstan President Tokayev
In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.
Influx of crypto miners to Kazakhstan reportedly strains energy supply
According to the country's vice minister of energy, addressing the potential strain on Kazakhstan’s power grid from crypto miners “cannot be delayed any longer."
Kazakhstan Senate approves legislation regulating crypto service providers
The country's legislature has passed a law that would impose financial monitoring on crypto platforms.
Kazakhstan Senate Adopts Legislation Subjecting Crypto Platforms to Financial Monitoring
The Senate in Kazakhstan has approved amendments aimed at preventing the legalization of illicit funds which will affect companies dealing with digital assets, among others. The new legislation subjects crypto…
Kazakhstan Imposes Purchase Limits on Retail Crypto Investors
Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from…
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to…
Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners
State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the…