Russia’s Cryptocurrency Mining Consumes Nearly 1% of National Energy, Paving Way for Renewables

Russia’s cryptocurrency mining now accounts for almost 1% of the country’s energy consumption. As the industry grows, miners are increasingly turning to renewable energy sources to meet demand. Learn more about the energy impact of crypto mining in Russia. Russia's Cryptocurrency Mining Industry Nears 1% of Total Energy Use Cryptocurrency mining in Russia now accounts…

December 31, 20240Comments

ByGabriel Okokhuele Eromonsele

News

Russian Govt bans crypto mining in 10 regions, cites concerns over energy consumption

The Russian Government issued a ban on crypto mining in 10 regions of the country over reports of energy shortage and concerns over an imbalance in energy consumption. The reported ban would take effect from the 1st of January 2025 and last till March 15, 2031. Official documents confirming the ban were obtained by Russian…

December 24, 20240Comments

ByMichael Ndu-okeke

Opinion Technology

Blockchain Without Tokens – is it a myth?

Short answer? No, it’s not a myth! It’s already happening. Before analyzing this perspective, it is important for you to realize that there are multiple types of blockchains in the market and some of them require you to have a cryptocurrency for catering to the expenditures of the platform you build. But since the usage…

March 26, 20190Comments

ByAzeem Saifi

Russia May Regulate Cryptocurrencies & Issue Oil-Backed Coin

The Russian government has long sent mixed signals over blockchain use and cryptocurrency adoption, yet a number of signs point to substantial moves toward state regulation over the course of the next few weeks. Although it is highly unlikely that Russia will soon recognize crypto as legal tender, there is no doubt that its leaders…

March 5, 20190Comments

ByTrevor Smith

Opinion

Curated cryptocurrency and blockchain news – Week 8 ’19

Welcome to the eighth edition of our weekly curated news article where we provide you with the widest possible overview of the most important events that have transpired in cryptocurrency and blockchain developments. We've made sure to analyze all of the news reports available on the internet and reviewed them for relevancy. This article is…

February 27, 20190Comments

ByZoran Spirkovski

Altcoins Bitcoin Ethereum Technology

More Delays as Governments Struggle to Create Crypto Regulations

This year continues to be the most significant for blockchain development and adoption as the technology quickly moves toward mainstream use. Also, despite the months-long decline in market caps, interest in cryptocurrency investing continues to grow, notably in the institutional sector. For years governments and central banks have held that regulation is necessary to protect…

September 23, 20180Comments

ByTrevor Smith

News Opinion Technology

Forbes Reports on Iran to Release National Cryptocurrency Before the End of 2018

Yaya Fanusie, a Forbes contributor recently published an article detailing Iran's intention to evade U.S. sanctions. The main goal is to create a blockchain-based solution for the banking sector in the country, in response to reactivated sanctions following Iran's nuclear development cessation agreement. The situation is similar to what was happening in Venezuela, a country…

August 24, 20180Comments

ByZoran Spirkovski

Bitcoin News

Rogue Nations Increasingly Using Cryptocurrencies to Avoid Sanctions

Earlier this week, Hotelsiniran.com, a major Iranian hotel booking website, confirmed that it now accepts payments via cryptocurrencies. This move is part of a trend wherein economically isolated nations are using virtual currencies as a tool to avoid sanctions and other trade barriers. Actions such as these demonstrate the truly global, and revolutionary nature of…

July 27, 20180Comments

ByTrevor Smith

Bitcoin News Technology

Iran and Russia Discuss Transacting in Crypto to Avoid International Sanctions

After the incident of the recent international sanction placed on Iran and Russia, the financial systems of these governments have been at the verge of collapsing, and cryptocurrency seems to be the only hope for the economic rejuvenation of the two countries. The Iranian Commissioner for Economic Affairs –Mohammed Reza Pourebrahimi -has urged the central…

May 27, 20180Comments

ByZoran Spirkovski

News

Telegram: From Record-Breaking ICO to Russia’s Ban

Telegram has been making headlines for quite some time now. The instant messaging app developed by the Durov brothers, Pavel and Nikolai, has built a deep connection to the cryptocurrency universe and has become a favorite messaging app for many in the industry. Its connection to the crypto community was made even deeper when they…

April 20, 20180Comments

BySteve Kaaru