Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

Post-Flood Reflections Reveal Insights Into Lives of Sichuan Miners

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With Chinese media estimating that Sichuan’s mining sector comprises 70% of the computing power of both the bitcoin network and the total processing power situated within China’s borders, reflections following the devastating Sichuan floods’ have many insights into the realities of life of a crypto miner in Sichuan. Also Read: Change.org Petition Attempts to Fight for…

Indian Central Bank Responds About Crypto Restrictions

Indian Central Bank Responds About Crypto Restrictions

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India’s central bank has responded to a representation about its crypto banking ban. The Supreme Court gave the central bank seven days to reply following a hearing last week of the petition by the Internet & Mobile Association of India against the ban. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space RBI’s Response India’s…

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

Presidential Decree Sets the Stage for Legalizing Cryptocurrencies in Uzbekistan

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The executive power in Uzbekistan has advanced towards legalizing cryptocurrencies and implementing blockchain technology in both government and economy. A new decree signed by President Mirziyoyev mandates licensing for trading and other activities related to the circulation of digital coins. The document also calls for regulating crypto mining and smart contracts. Also read: No License…

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

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Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model. Also…

Crypto Valley Declares Blockchain Voting Trial a 'Success'

Crypto Valley Declares Blockchain Voting Trial a 'Success'

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Zug, home of the “Crypto Valley” in Switzerland, has successfully completed its first test of a blockchain-based voting system.

Abu Dhabi Global Market Launches Regulatory Framework for Crypto Activities

Abu Dhabi Global Market Launches Regulatory Framework for Crypto Activities

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The financial authority of Abu Dhabi Global Market has launched a regulatory framework for cryptocurrency activities following the completion of a public consultation. The market’s financial watchdog has also published a guideline explaining how crypto asset activities are now regulated. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Crypto Regulatory Framework Launched Abu Dhabi…

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

Bithumb Reveals 11 Cryptocurrencies Lost and Plan to Compensate Customers

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South Korean crypto exchange Bithumb has announced the 11 cryptocurrencies stolen in last week’s theft and the amount of each coin missing. A compensation plan has also been unveiled for the equivalent value of the lost coins in an undetermined cryptocurrency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Only Half As Much Crypto…

Indian Crypto Regulations Ready in July, Official Reveals

Indian Crypto Regulations Ready in July, Official Reveals

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If you thought crypto in India was over, you were probably wrong. According to a recent statement by a high-ranking official, the long-awaited regulations are on the way. A draft framework has been prepared, and authorities in Delhi hope to “wrap this up” as early as the first half of next month. Meanwhile, the Supreme…

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

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The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations. In addition, several crypto-related proposals have been submitted including one that requires crypto firms to bid for power. Also read: Yahoo! Japan Confirms Entrance Into the…

Korean Government Launches Investigation into Crypto Hacks

Korean Government Launches Investigation into Crypto Hacks

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Following the alleged hacks of South Korean crypto exchanges, the government has formally launched an investigation into the cause of the hacks. The authorities will also perform security checks on all crypto exchanges’ systems. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Government’s Response The South Korean government announced on Wednesday, June 20, that it…