Laos faces electricity shortages as cryptocurrency mining and erratic rainfall strain its hydropower capacity. Somboun Sangxayarath, an advisor at Electricite Du Laos (EDL), cites cryptocurrency mining’s surge, now constituting over a third... Read more »
The US Treasury is seeking expansion of its powers to stop any kind of illicit crypto funding as well as monitoring the crypto exchanges. The US Treasury Department is looking to tighten... Read more »
This week, a coalition of 15 senators in Paraguay has introduced legislation to halt the mining of Bitcoin and other cryptocurrencies within the nation. The lawmakers’ rationale for this move centers on... Read more »
LAUREN TAYLOR IN TEXAS, THE ONCE-WELCOMED BITCOIN MINING INDUSTRY FACES BACKLASH DUE TO RISING ENERGY PRICES AND ENVIRONMENTAL CONCERNS. FOLLOWING CHINA’S 2021 BAN ON CRYPTO MINING, TEXAS, WITH ITS CHEAP POWER AND... Read more »
According to a report from Fox Business’ Charles Gasparino, the White House has claimed that Bitcoin mining places significant strain on the power grid. Indeed, Gasparino reported White House concern over BTC... Read more »
Feb 16, 10:21 pm Decrypt Is Bitcoin’s Price Resilient Enough To Power Through Genesis Plan to Sell $1.6 Billion in GBTC Shares? The price of Bitcoin has surged to new highs, reminiscent... Read more »
The US Energy Information Administration (EIA) has been accused of “federal overreach” and of abusing its authority after it was announced that it would granted the power to regularly collect energy use... Read more »
In response to the rapid growth of cryptocurrency mining operations in the United States and the associated surge in electricity demand, the U.S. Energy Data Agency (EIA) announced plans to closely monitor... Read more »
There’s a new, ultra-bullish Bitcoin price model that is making the rounds online—and its creator claims his forecasts are based on math and science. Envisioned as early as 2019, the “Bitcoin Power... Read more »
Table of Contents Rise in Illegal Mining Activity Seen as Root Cause of Network Failures This year Russian power providers allege that an increase in illegal cryptocurrency mining activity has strained energy... Read more »