Bitcoin

Russia: Holding Bitcoin is Okay, But Using and Mining It Isn’t

The Duma (parliament) representative in Russia may finally have given some clarity on cryptocurrencies, albeit inadvertently. While announcing potential fines for miners, it stated that owning bitcoin was possible. The revelation came during the St. Petersburg International Economic Forum, during an interview with Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets. Anybody […]

Bitcoin

Is Quebec’s Big Picture to Become the Biggest Bitcoin Mining Market?

Canada’s Quebec province is tapping the bitcoin mining market to improve its annual economic projections. The region’s energy regulator, the Régie de l’énergie (LRQ), ordered public utility Hydro-Québec to allocate a 300-megawatt block of electricity to the blockchain industry. The move increased the total power supply granted for mining cryptocurrencies from 368 megawatts to 668 […]

Ethereum

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

Ethereum developers announced today that funding has been approved to audit hotly-contested code change “Progressive Proof-of-Work” (ProgPoW). Since February, developers have been gathering finances to launch a third-party audit of the ProgPoW code. Today, during a weekly meeting, it was announced that the targeted amount of 50,000 DAI (equivalent to roughly $ 50,000) has been […]