Cryptocurrency Analysis and News Portal
The new law allows miners to consume electricity from the national grid only when there is a surplus, effectively capping the industry's energy usage. The surplus will be distributed among licensed operators, who will be able to bid for the power. Those miners using renewable energy, imported electricity, or their
Read More
A former official of the People’s Bank of China (PBOC), the country’s central bank, has expressed disappointment that China’s digital yuan is seeing little use.Xie Ping, a former PBOC research director and current finance professor at Tsinghua University, made critical public comments about China’s central bank digital currency (CBDC) at
Read More
Place/Date: - December 17th, 2022 at 7:34 am UTC · 3 min read Source: Snowfall Protocol The unpredictability of crypto markets continues to confound crypto investors. At a time when most of the crypto world is receding, including some of the biggest tokens like Dai (DAI) and
Read More
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise
Read More
The move will help the state’s grid operator, Electric Reliability Council of Texas (ERCOT), ease worries that the mining will put extra stress during periods of high system demand. “Due to the anticipated interconnection of an increasing number of large flexible Loads in the ERCOT Region, ERCOT is establishing an
Read More
Ether's annualized inflation rate previously dropped below zero following the collapse of FTX-induced market volatility, which spurred a rise in Ethereum network usage. The positive inflation rate indicated ETH being minted outpaced being burned. Original Source
Read More
According to Chainalysis data, Russia's stablecoin usage has increased since
Read More
The Merge not only could help the environment, it could also lure more money to Ethereum from ESG investors – those who only invest in companies and industries that achieve certain environmental, social and corporate-governance goals. Investors barred from buying tokens that run on PoW systems may be able to
Read More
Rostin Behnam, chair of the United States Commodity Futures Trading Commission, or CFTC, said the Ethereum blockchain’s transition to proof-of-stake may help reduce crypto’s energy usage, but hinted legislation would likely still be needed to address the problem.Speaking at a Thursday hearing before the Senate Agriculture Committee, Behnam addressed a
Read More
New data from DappRadar suggests that gaming remains a vital organ to the blockchain industry. According to the report, the gaming sector accounts for approximately 50.51% of industry usage month-over-month (MoM), as per August numbers.While overall the numbers are a good indicator for the sector, it is a decrease from
Read More