Blockchain
Crypto miners face energy refusal, restriction in Canadian provinces
The decisions made by the Canadian provinces of Manitoba and British Columbia regarding the provision of electricity to cryptocurrency mining operations highlight the growing concerns over energy consumption and its impact on local infrastructure.
In Manitoba, the extension of the moratorium on new power connections for cryptocurrency operations until April 30, 2026, reflects the government’s recognition of the significant strain that these operations place on the province’s electrical grid. The decision aims to buy time for the development of a long-term solution to manage the increasing demand for electricity from cryptocurrency miners. This move aligns with similar actions taken by other provinces, such as New Brunswick and Hydro-Québec, to address the challenges posed by the rapid growth of cryptocurrency mining operations.
Meanwhile, British Columbia has introduced legislation to regulate electricity service to cryptocurrency miners, signaling a more proactive approach to managing energy consumption in the province. By amending the Utilities Commission Act, the BC government aims to have the authority to prohibit, restrict, or regulate the provision of electricity to energy-intensive cryptocurrency mining operations. This move underscores the government’s commitment to ensuring the availability of electricity for essential services while addressing the concerns raised by the proliferation of cryptocurrency mining activities.
Overall, these actions reflect the need for policymakers to strike a balance between supporting innovation and economic development driven by cryptocurrency technologies while ensuring the sustainability of energy resources and the resilience of critical infrastructure. As the cryptocurrency industry continues to evolve, regulatory measures like those implemented in Manitoba and proposed in British Columbia are likely to become more common as governments seek to manage the impacts of cryptocurrency mining on their communities and environments.
Source: cointelegraph.com
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WadzPay, a leading fintech company specialising in blockchain based technology for virtual asset payment solutions, is proud to announce its plan to enter the Stablecoin business, marking a significant expansion of its offerings. With a steadfast commitment to innovation and addressing evolving market demands, the company has strategically positioned itself to capitalise on the growing opportunities within the virtual asset financial services space.
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
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