Bitfarms’ CEO, Emiliano Grodzki, has resigned in the wake of the bear market, following a long line of leaders in the cryptocurrency industry who have left their posts this year. Geoffrey Morphy is promoted from president and COO to CEO at the mining firm. Here is what Morphy had to
State Duma members will consider and vote on a bill in 2023. To allow cryptocurrency mining in the Russian Federation, according to the chairman of the Financial Market Committee, Anatoly Aksakov. Who made the announcement in remarks for the crypto section of the business news site RBC. The prominent senator,
Cybercriminals successfully stole a significant amount of money from the cryptocurrency mining pool BTC.com. Client funds to the tune of $700,000 and corporate funds to the tune of $2.3 million were stolen in the assault on December 3. BIT Mining Limited, the parent company of the mining pool, made the
Argentine authorities in the province of Buenos Aires have given the green light to a proposal. That would make cryptocurrency mining a taxable sector beginning in 2023. 4% of all profits made from “Processing and validation services for crypto assets and/or cryptocurrency transactions (crypto asset and/or cryptocurrency mining),” as stated
British Columbia, Canada, has halted new electricity connection requests from cryptocurrency miners for 18 months to promote the province’s climate action and economic goals. The government of British Columbia stated, the suspension will relieve the province’s power constraints while its main electricity distributor, BC Hydro, is given more time to
Ever since the concept of cloud based crypto mining came to the limelight, the emotions of crypto mining catapulted, and absolutely evolved to a new level. True to the fact, all the drawbacks upon crypto mining have always been a great threat to ban it. In addition, many countries have
Microsoft updated its terms of service to explicitly forbid the mining of cryptocurrency on its hosted platforms without express permission. This update became available in December, and it’s for everyone, not just Microsoft’s paid members. Specifically, the update prevents users from mining on any Microsoft online service. Including those that
Tokyo Electric Power Grid (TEPCO), a Japanese utility company, is collaborating with TRIPLE-1. The goal is Bitcoin mining, and by extension, making use of the grid’s surplus of electricity. As a regional hardware producer, TRIPLE-1 is a household name. During the 2012 earthquake and tsunami that hit the Fukushima area,
New York governor, Kathy Hochul imposed a temporary ban on the crypto mining firms for the next two years. All the mining companies that use carbon-based power sources will be banned immediately. Through this law, the state will focus on balancing both its economic growth and climate goals. Furthermore, implementing
Following the Ethereum merge upgrade, cryptocurrency miners seek new ways to mine tokens. As Binance Pool, the crypto exchange’s mining pool service is added Ravencoin (RVN) to its list of supported mining tokens, as per the statement published on Wednesday. In addition, the RavenCoin (RVN) mining pool charges 1% in
