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Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In a memo<\/a>, Cabell outlined the proposal enabling the state to invest portions of the General Fund, Rainy Day Fund, and State Investment Fund in Bitcoin. These funds collectively hold more than $16 billion, suggesting a significant potential investment.<\/p>\n\n\n\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

A Pennsylvania lawmaker introduced a bill allowing the state\u2019s treasury to allocate up to 10% of its funds to Bitcoin. Representative Mike Cabell, a Republican, presented the legislation as a safeguard against inflation. He emphasized Bitcoin\u2019s potential to provide stability in uncertain economic times.<\/p>\n\n\n\n

In a memo<\/a>, Cabell outlined the proposal enabling the state to invest portions of the General Fund, Rainy Day Fund, and State Investment Fund in Bitcoin. These funds collectively hold more than $16 billion, suggesting a significant potential investment.<\/p>\n\n\n\n

Cabell highlighted the growing trend of institutional investors like BlackRock and Fidelity embracing Bitcoin as a hedge against economic volatility. Co-sponsored by Representative Aaron Kaufer, the bill, titled the Strategic Bitcoin Reserve<\/em> (HB 2664), mirrors a framework created by Bitcoin advocacy group Satoshi Action Fund.<\/p>\n\n\n\n

See ReTroubled Lender Republic First Sold By Authorities To Fulton Bank: Report(Opens in a new browser tab)<\/a><\/p>\n\n\n\n

While it remains unclear if the bill has enough support to pass, its introduction reflects Pennsylvania\u2019s increasing interest in cryptocurrency. In October, the state\u2019s House approved <\/a>legislation to protect the self-custody of digital assets and enable crypto payments.<\/p>\n\n\n\n

National Bitcoin Reserve<\/h2>\n\n\n\n

The proposal aligns with broader Republican efforts to incorporate Bitcoin into financial strategies. Republican Senator Cynthia Lummis has advocated <\/a>for a national Bitcoin reserve. Globally, countries like El Salvador and Bhutan have already integrated Bitcoin into their financial systems.<\/p>\n\n\n\n

This bill positions Pennsylvania as a potential leader in state-level Bitcoin adoption. According to the Satoshi Action Fund, 10 more states are likely to follow suit this year. <\/p>\n","post_title":"Pennsylvania Lawmaker Introduces Strategic Bitcoin Reserve","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"pennsylvania-lawmaker-introduces-strategic-bitcoin-reserve","to_ping":"","pinged":"","post_modified":"2024-11-18 04:19:37","post_modified_gmt":"2024-11-17 17:19:37","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19510","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":16985,"post_author":"15","post_date":"2024-05-20 04:42:43","post_date_gmt":"2024-05-19 18:42:43","post_content":"\n

Venezuela\u2019s Ministry of Electric Power has announced <\/a>plans to disconnect cryptocurrency mining farms from the national grid. This decision is aimed at regulating excessive energy consumption and ensuring a stable power supply for the general population.<\/p>\n\n\n\n

According to a post <\/a>by Venezuela\u2019s National Association of Cryptocurrencies on X, cryptocurrency mining is now prohibited in Venezuela. This move comes after a recent crackdown where 2,000 cryptocurrency mining devices were confiscated in Maracay as part of an anti-corruption drive.<\/p>\n\n\n\n

The ministry stressed the importance of providing efficient and reliable electrical service throughout Venezuela by eliminating the burden caused by these high-energy-consuming farms. Officials stated that these measures are crucial to stabilizing the national power supply, which has been unstable for the past decade.<\/p>\n\n\n\n

The country has been experiencing frequent blackouts, particularly since 2019, severely affecting residents' daily lives and overall economic activities.<\/p>\n\n\n\n

See Related:<\/em><\/strong> South Korean Government To Invest $187M Into The Metaverse<\/a><\/p>\n\n\n\n

Other Countries' Approaches<\/h2>\n\n\n\n

Some countries, such as China and Kazakhstan, have responded to the high electricity demands of cryptocurrency mining by implementing strict regulations or outright bans on the practice.<\/p>\n\n\n\n

On the other, Oklahoma just recently legalized crypto mining in homes as long as it complies with the noise policy. This includes operating nodes for operations like staking.<\/p>\n","post_title":"Venezuela Cracks Down On Crypto Mining To Save Electricity","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"venezuela-cracks-down-on-crypto-mining-to-save-electricity","to_ping":"","pinged":"","post_modified":"2024-05-20 04:44:44","post_modified_gmt":"2024-05-19 18:44:44","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=16985","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT

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Most Read

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