The craze caused Etherscan to crash and Ethereum gas fees to soar to thousands of dollars per transaction.
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British Columbia Suspends New Connections for Bitcoin Miners
BC Hydro, a state-owned electric utility provider in the Canadian province of British Columbia, has paused new electricity connection requests from cryptocurrency miners for 18 months “to support the province’s climate action and economic goals.” […]
How Russia Could Use Crypto To Evade International Sanctions
Earlier this week, Russia invaded Ukraine in what President Vladimir Putin described as a “special military operation.” The international response has been swift, with Russia now facing widespread and sweeping sanctions. The European Union imposed […]
Proposed EU Regulations Would Limit Bitcoin, Proof-of-Work Crypto Mining: Report
The European Union (EU) is reportedly drafting regulations that could result in a ban on proof-of-work cryptocurrency mining across the union’s 27 member states. The proposal forms part of the EU’s upcoming Markets in Crypto […]