Crypto Miners Blamed for Mass Electricity Outages in Russia’s Siberia

by Александр Пирогов | Jan 26, 2024 | Blog News

Power providers in Siberia, Russia, have accused cryptocurrency miners of causing “mass” electricity outages during recent cold snaps. Rosseti Siberia, the local branch of the state-run power provider Rosseti, claimed an increase in illegal mining activity...

Microsoft Surpasses $3 Trillion Valuation, Fueled by AI Focus

by Александр Пирогов | Jan 26, 2024 | Blog News

Microsoft has become the second company ever to achieve a valuation of over $3 trillion, following Apple’s milestone in June 2023. The surge in Microsoft’s valuation is attributed to its strategic emphasis on artificial intelligence (AI), prompting an...

IEA Warns Cryptocurrency and AI Consumption May Double Electricity Usage by 2026

by Александр Пирогов | Jan 26, 2024 | Blog News

The International Energy Agency (IEA) has issued a warning stating that the combined electricity consumption of cryptocurrencies and artificial intelligence (AI) accounts for nearly 2% of the world’s total electricity usage. The IEA’s comprehensive report...

Canadian Federal Court Rules Prime Minister Trudeau Violated Charter of Rights and Freedoms in Using Emergencies Act

by Александр Пирогов | Jan 26, 2024 | Blog News

A Canadian federal court has ruled that Prime Minister Justin Trudeau violated the nation’s Charter of Rights and Freedoms by using the Emergencies Act in 2022 to address truck drivers’ protests against COVID-19 mandates and their Bitcoin crowdfunding...

Swiss Regulator Grants Approval for Taurus to Offer Digital Asset Trading to Retail Users

by Александр Пирогов | Jan 26, 2024 | Blog News

Switzerland’s financial markets regulator, FINMA, has approved Taurus, a digital asset infrastructure provider, to open its financial services and TDX marketplace to retail users. This approval enables Taurus’ retail clients to create accounts and trade...

SEC Commissioner’s Comments Fuel Speculation on Ethereum ETF Approval

by Александр Пирогов | Jan 26, 2024 | Blog News

SEC Commissioner Hester Peirce, known as “Crypto Mom,” hints at a potential shift in the regulatory stance on Ethereum ETFs, suggesting a broader, more inclusive attitude towards cryptocurrency ETFs. Despite recent delays in Ethereum ETF applications,...