Next week, the New York State Assembly will vote on a proposal to ban cryptocurrency mining in the state. The bill, which passed the lower house in March, has been widely panned by the crypto community. Several unions and groups in New York, including Independent Power Producers of New York, the Blockchain Association, and other
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Following a case brought by a subsidiary of the crypto mining business Bitminer Factory, a district court in Banja Luka, Bosnia and Herzegovina. Of course, has determined that UniCredit’s branch office in the nation would pay a fine of €131 million ($144 million) in damages. The story was initially reported by the local newspaper La
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Companies who are lawfully operating mining facilities in Kazakhstan have already transferred roughly 30% of their equipment. Alan Dorjiyev, President of Kazakhstan’s National Association of Blockchain and Data Center Industry, told Forklog about the transfer. Miners have been impacted by ongoing energy supply concerns as well as an impending tax increase, according to the CEO.
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Russia ranked third in the world in terms of mined Bitcoin in 2021, behind Kazakhstan and the United States, according to specialists from the University of Cambridge in the United Kingdom. It’s worth noting that none of them made the top three in 2020. Everything happened after the Chinese government outlawed cryptocurrency mining in the
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China’s top economic planning body has declared crypto mining “obsolete,” reiterating the government’s attempts to completely eliminate the industry. The designation was announced by the National Development and Reform Commission on Monday. That’s, as part of an update to a 2019 policy document that outlined how the country will transition its economy to one that
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According to a report by Russia Today, Kazakhstan authorities are considering establishing a nuclear power plant in response to the rapid expansion of cryptocurrency mining, which has resulted in severe electricity shortages in the Central Asian country. Minister of Energy Magzum Myrzagaliev said on Tuesday that the government is looking at two locations for a
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