Following the recent blackouts in major cities, Iran has started hunting for illegal businesses that are using the government's electricity to mine bitcoin (BTC) and other cryptocurrencies. What does this mean for the Blockchain and cryptocurrency industry?
A huge amount of profits are being generated for countries through this cryptocurrency mining. For this reason, governments are channelling their surplus resources to boost the mining business and the entire cryptoasset sector.
It is more than 10 years since the first cryptocurrency appeared on earth. The emergence of crypto attracted varied reactions from the different countries of the world. Africa, the second-largest continent is especially lagging in crypto trading and mining. What challenges and opportunities lie on the way of crypto mining growth in Africa?
The efforts being put to effectively regulate the blockchain and cryptocurrency industry could see the Balkans leap big. The region only needs an effective regulatory framework on the disruptive technology if it is to boom.
If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.
As the 3rd Bitcoin halving event scheduled for March 12 nears, many countries are rethinking their opinion on crypto mining. Sichuan, which initially banned crypto production, is now backing it and will lower electricity cost for miners.
On April 24, The governor of Kentucky endorsed a six-member Blockchain Technology Working Group charged with the responsibility of examining the applicability of blockchain technology for safeguarding the various utility sectors including electricity, water, telecom, and more.
There is a blockchain-based project in Korea that combines distributed ledger technology (DLT) and renewable energy. This project is potentially able to solve problems and issues of the modern renewable energy industry.