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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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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A former Bitcoin network lead developer has predicted the world’s most popular cryptocurrency’s future, including a massive price forecast. Former Bitcoin Programmer’s Prediction Gavin Andresen, a software developer, writes a blog article titled “A Possible BTC Future”. He forecasts the Bitcoin network’s collapse. According to Andresen, before BTC reaches its conclusion, it will reach a
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El Salvador’s President, Nayib Bukele, has amazed the Bitcoin (BTC) community with a brief video. The video purports to show BTC mining equipment going online at a geothermal power plant. The geothermal power plant uses the country’s active volcanoes. ‘The First Steps’ Bukele didn’t say how many machines were currently up. He also did not
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Kazakhstan, the Central Asian country became a Bitcoin mining hotspot in the aftermath of China’s crypto crackdown and miner exodus. However, they may have to halt BTC mining activities temporarily. The country is experiencing a power shortage. Therefore it worsens in the winter. Additionally, the government may have to put limitations on Bitcoin mining to
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