Blockchain & crypto news from India
A hub of crypto mining, the New York State has cleared a bill to restrict crypto mining that uses POW mechanism used by blockchains like bitcoin. It is the first state to pass the law to ban some forms of crypto mining which has been under fire for its impact on the environment. A blockchain…
The worst bearish streak in crypto worldwide is facing a ripple effect on the prices of hardware that fostered the difficult mining process of these virtual assets. Aftermath the crash in cryptocurrency prices, mining digital assets has become not feasible, resulting in miners throwing away their high-end tools in the resale market which has yielded…
In bad news for blockchain and bitcoin lovers, the New York State on Friday passed a bill to cease new permits for specific fossil fuel power plants to be utilized in Bitcoin mining. The move sets up a two-year ban on new permits for crypto mining operations that use proof-of-work (PoW) authentication methods to validate…
On Friday, the US announced that it is sanctioning North Korean digital currency mixing company Blender.io, which the nation allegedly uses to launder stolen digital currency and foster cybercrimes. The sanctions, imposed by the Office of Foreign Assets Control of the Treasury Department are the first-ever on virtual asset mixing service. The new sanctions also…
Crypto is here to stay, and while it is not good news for the environment, there is no stopping the mining. A few tech giants are focusing on solving the issues by developing chips that can facilitate energy-efficient blockchain hashing, and one of them is Intel. Intel has established its new Intel Blockchain ASIC (application-specific integrated…
The publicity around Paraguay emerging as the 2nd country to legalizing Bitcoin has doing rounds since El Salvador announced crypto as legal tender the previous month. But, a leaked draft of the cryptocurrency bill that Paraguayan congressman Carlos Rejala intends to present in the Chamber of Deputies – similar to Lok Sabha in India –…
On Monday, Bitcoin dived more than 10% after China widened a clampdown on its huge crypto mining industry with a ban on mines in a main southwestern province. Mines in China power nearly 80% of the global trade in crypto in spite of a trading ban since 2017. But in recent months many provinces have…
One of the world’s popular anti-virus software makers is including crypto mining in its products in a surprise move. Soon selected Norton 360 customers who are part of the firm’s early adopter program will be allowed to access the program and start Ethereum mining using their computers. The company further clarifies that they don’t know…
It is now a well-known fact that cryptocurrencies ni consume a lot of energy. But, Ethereum 2.0 is ready to reduce its energy consumption by 99.95% within months as it makes the shift to a new infrastructure model. Currently, Ethereum has a carbon footprint comparable to that of Sri Lanka. But, as per a blog…