Kenyan energy company KenGen opens its doors to Bitcoin miners
Kenyan energy company KenGen has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility in Nairobi. KenGen claims that renewable energy accounts for 86 percent of its energy, the majority of which is geothermal heat from pockets of ground source heat in the Great Rift Valley. KenGen has […]
Terra Whales Dumps Position To Retail Holders Amid Crash – Jump Reports
A report has revealed that several major Terra investors withdrew their holdings while retail investors continued to accumulate amid the crash. Some of the blockchain’s largest holders liquidated their holdings just as the UST stablecoin began to depeg in early May. Jump Capital – a major Terra investor reported . On the other hand, smaller […]
Japan Regulates Stablecoin Issuance To Banks And Trust Companies
In the wake of the Terra collapse, the Japanese government is rushing to implement new stablecoin laws. Japan is moving forward with legislation to allow the issuance of stablecoins, which are digital assets whose value is pegged to fiat currencies or stabilized by an algorithm. According to the local news agency Nikkei, Japan’s parliament passed […]
New York Government Bans Crypto Mining In The State
The move for the crypto mining ban in New York is to reduce greenhouse gases that are being emitted through the proof-of-work mechanism. New York Senate has voted to ban crypto mining in the state. This legislation came after New York Attorney General Letitia James has advised investors to dissuade from trading in the crypto […]
Here’s Why Ethereum Founder Supports Non-Token Governance For Optimism (OP)
Vitalik Buterin, the founder of Ethereum, has backed a proposal to change the use of OP tokens from a governance token to a major network token for gas payments. Buterin said in his recent tweets: “This is a great example of why I’m so proud of @optimismPBC for adding non-token governance (the Citizen House). Optimism explicitly has […]