Auto Added by WPeMatico

ZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake

The massive upside move comes as a part of a rebound that started Friday after Electric Coin Company discussed the prospects of moving Zcash to proof-of-stake.

Continue ReadingZEC price jumps 20% in one day as Zcash devs unveil transition to Proof-of-Stake

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would…

Continue ReadingSwedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Mining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

On October 21, the bitcoin mining pool operator Titan revealed a new decentralized hashpower routing protocol called Lumerin. The open-source project aims to commodify bitcoin’s hashpower “through smart contracts, making…

Continue ReadingMining Firm Titan Introduces Lumerin, a Project Aiming to Commodify Bitcoin’s Hashpower

Local Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium

The governor of New York state, Kathy Hochul, has been urged by a group of local companies to deny business permits to bitcoin miners. The letter specifically asks for the…

Continue ReadingLocal Businesses in New York Urge Governor to Impose Statewide Bitcoin Mining Moratorium