Power Financial News
06.08 / 01:55
business
Energy Consumption
Texas
Power
Bitcoin production
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.
04.08 / 04:07
regulation
Police
Bitcoin
Power
Victorian police to get 'greater power' to seize crypto assets from criminals
Victorian Police in Australia will soon be granted new powers to seize cryptocurrency and digital assets from criminals, as well as compel platforms to hand over information about suspects.
02.08 / 17:05
28.07 / 19:03
Blockchain
Adoption
Amazon
education
Power
Decentralized storage providers power the Web3 economy, but adoption still underway
The promise of owning and managing one’s own data is revolutionary, creating increasing interest in Web3 platforms and applications. For instance, recent findings show that the Web3 market was estimated to be worth around $2.9 billion last year, yet this number is expected to reach $23.3 billion by 2028. Web3 is also capturing the interest of venture capitalists, as Cointelegraph Research found this sector to be the most sought-after investment deal in 2022.
27.07 / 23:49
Energy
Power
Macron calls Russia a 'colonial power' during visit to ex-French colony
The French president vilified Russia as a "colonial imperial power" during a visit to Benin, which France ruled for more than 150 years.
26.07 / 15:33
Blockchain
Provident
CEO
Platform
Power
Klaytn Protocol KLAP to Launch KLAP Token to Power DeFi Lending
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
25.07 / 15:43
Adoption
copyrights
Marketplace
Power
saga
GameStop 'Falling Man' NFT saga shows people's power at its finest
A recent nonfungible token (NFT) listing on Gamestop’s marketplace became the center of controversy in the NFT world. The listing received heavy backlash from the community prompting the marketplace to take action within a day, showing how a community can come together to reverse the wrong.
20.07 / 11:59
UPS
cryptocurrency
Bitcoin
Power
Bitcoin Miners In Texas Back Online After Power Surge Caused Curtailments
Power use in Texas is expected to break records again this week.
20.07 / 07:45
Mining
Hash Rate
Bitcoin
Power
BTC Mining
Sustainable Bitcoin mining power mix hits 59.5%: BTC Mining Council
Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).
15.07 / 12:03
Blockchain
Ethereum
Gaming
Power
play
Knowledge is power: New site aims to be ultimate resource on play-to-earn games
Knowledge is power — and in a market like this, access to accurate data is crucial for uncovering new opportunities.
12.07 / 22:29
Blockchain
UPS
Waves
Bitcoin
Power
Bitcoin miners push the pause button in Texas as power issues loom
As businesses prepare for a heat wave that is anticipated to strain the electricity grid, nearly all industrial-scale Bitcoin miners in Texas have turned off their equipments.
30.06 / 03:07
Adoption
Mining
Bitcoin
Power
Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin
A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.
28.06 / 09:41
business
Mining
Electricity
bills
Power
Compass Mining loses facility after allegedly failing to pay power bill
Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.
27.06 / 14:37
Blockchain
defi
solana
DAO
Power
Less than 1% of all holders have 90% of the voting power in DAOs: report
Decentralized autonomous organizations (DAOs) have become a rage in the ever-expanding crypto ecosystem and are often seen as the future of decentralized corporate governance.
25.06 / 10:05
business
Blockchain
Electricity
Bitcoin
Drop
Power
network
Bitcoin Network
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).
20.06 / 21:21
business
Bitcoin
Power
Iranian government to cut power supply for the country's legal crypto mining rigs
According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran's Ministry of Energy, said that the entity would be cutting power supply to all of the country's licensed crypto mining firms by the beginning of July.
12.06 / 15:01
cryptocurrency
cryptocurrency news
Power
Crypto miners
NY Bill Aims To Limit Crypto Miners Using Fossil Fuel-Generated Power
NY bill aims to limit crypto miners using fossil fuel-generated power
09.06 / 13:49
Blockchain
Ethereum
proof-of-work
Bitcoin
Testnet
Power
No more power surge: Community celebrates as Ropsten testnet merge goes live
The Ethereum blockchain recently completed a step toward the long-awaited upgrade that will improve the platform by switching to a proof-of-stake (PoS) consensus. The Ropsten testnet successfully transitioned to PoS in what is dubbed a “dress rehearsal” for the Ethereum blockchain.
07.06 / 23:27
CFTC
regulation
SEC
legislation
Power
Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets
The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday. The official text of the 69-page document was also released.
07.06 / 14:15
cryptocurrency
CLIMATE CRISIS
Bitcoin
Power
Cryptocurrency miners may no longer be able to use fossil fuel-generated power in New York
The New York State Legislature has passed a bill that would impose a two-year ban on the use of fossil-fuel power plants to provide energy to miners of cryptocurrencies like Bitcoin.
07.06 / 03:09
Crime
regulation
Police
Power
Japanese Justice Ministry Wants Law Enforcers to Have Power to Seize Crypto
Japan’s Ministry of Justice wants to give courts and police officers the power to seize cryptoassets in criminal cases – and could allow the state to take control of tokens that have been used in money laundering operations.
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