The president’s special representative on digital and technological development, Dmitry Peskov expressed, “The emission and circulation of cryptocurrency cannot be allowed now.” The legal status of the cryptocurrency has not been determined yet. Peskov expressed ahead of the fourth Eastern Economic Forum (EEF) scheduled to happen between 11th and 13th September.
A new research conducted by a Canada-based multidisciplinary cryptocurrency asset firm revealed that Bitcoin mining activity could be helpful to the environment against the stereotype that consumption of more energy considered as dangerous to the environment. The research highlighted, “We believe that in the long run, Bitcoin miners will increasingly seek renewable sources as opposed to fossil fuel energy sources.”
The Bitmain Technologies Ltd has associated with BitKan for the conduct of the World Digital Mining Summit scheduled to happen from 21st to 23rd September. The event would feature thirty and beyond speakers and is to be held in Tbilisi, the capital city of Georgia. The speakers would discuss the eco-system developments and the November 2018 protocol upgrade.
The Mozilla Foundation, a company behind the open-source browser Firefox, has revealed that it plans to block trackers and harmful practices in upcoming releases. Firefox would be prohibiting crypto mining malware scripts automatically. The scripts that hijack unused computer power for crypto mining are also covered. Such features have already been integrated to the Firefox Nightly beta version.
The DPW Holdings has declared the conversion of a hydroelectric dam into a crypto mining farm. The company is aimed to tap low cost and renewable energy. The crypto mining farm is to be developed at the site with mining hardware AntEater miner. The project is estimated to be operational in the fourth quarter of 2018.
The crypto mining company, Kryptovault could be closed down since the neighboring residents have filed complaints against the company. Huge fans have been used to cool down 9,500 mining rigs, which according to the residents generated huge noise. Reports also show that the company was involved in running illegal operations and the absence of necessary documentation.
The Governor and the Government of the Leningrad Region have announced regarding the successful opening of Russia’s largest cryptocurrency mining farm. During the opening of cryptocurrency mining center, the Deputy Governor of the Leningrad Region, Dmitry Yalov commented, “Favorable conditions have been created on the territory of the Leningrad Region for the creation of mining farms.”
An investigation revealed that despite the recent ban, cryptocurrency mining apps are still available in the Google Play Store for downloaded. The Chief Technology Officer (CTO) of JSEcoin, John Sim also consulted the Google Support team to confirm if they are allowed to allow users to mine tokens via their official app, being aware of the restriction.
A stakeholder of Uber, Softbank has refused investments in the Bitmain crypto mining company. Kenichi Yuasa of the Corporate Communication Office of SoftBank Group Corp revealed, “Neither the SoftBank Group Corp nor the SoftBank Vision Fund was in any way involved in the deal.” However, the crypto mining company refused to comment at this regard.
Kryptovault, a crypto mining company, has received a bomb threat. The unknown notice was reported to the local authorities immediately as reported by the managing director of the company. The threat notice read, “If you are expanding crypto mining and filing the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives.”