Power

El Salvador, the first country in the world to adopt Bitcoin as legal tender, has also used its geothermal resources to mine 474 Bitcoin in the past three years. According to the country’s “Bitcoin office,” a state-approved department,…

Cynthia Lummis and Pat Toomey. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)CQ-Roll Call, Inc via Getty Images (Full disclosure: I’m helping build Coinbits.app, a bitcoin banking platform.) The recent bipartisan decision…

The crypto industry is popping champagne corks (or perhaps uncorking their digital wallets) after a surprise victory in the US Senate. On Thursday, the upper chamber voted 60-38 to repeal a controversial rule introduced by the…

The following is a guest post by Rajagopal Menon, the Vice President of WazirX.Come the bull market, cometh the models to predict the price of Bitcoin. In the last bull market in 2021, the Stock-to-Flow (S2F) model was the flavour of the…

Bitcoin Mines Strain US Power Grids: An In-depth Investigation In a recent investigation by the New York Times, it was found that Bitcoin mines across the United States are posing a serious strain on the country’s power grids. These…

Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to…

Singapore, Singapore, Jan. 09, 2022 (GLOBE NEWSWIRE) -- PolarBearX , a WealthTech start-up specializing in creating financial robots and automated robotic trading platforms for Stock, FX, Futures, and Cryptocurrency markets by…

A cryptocurrency firm has lost a bid to force BC Hydro to provide the vast amounts of power needed for its operations, upholding the provincial government's right to pause power connections for new crypto miners. Conifex…

Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in…

Bitcoin mining has always been under scrutiny for its high power consumption. However, a recent New York Times report highlighted how the only issue with Bitcoin mining is not its high electricity consumption. Problems with the intense…